XY Planning Network

MARCH 11, 2024

As tax season approaches, you may find yourself scrambling for the best and safest way to exchange critical documents with your clients securely.

Clients 98

Clients Taxes Fee Only Financial Advisor 98

XY Planning Network

FEBRUARY 6, 2023

Everyone’s tax situation is different, and as a result, there are no “one-size-fits-all" guidelines available as to what to keep, how long to keep it for, and what your tax professional actually needs to see versus what you need to keep as support documentation.

Taxes 92

Taxes Tax Planning Clients Accounting 92

XY Planning Network

MARCH 27, 2023

Subsequently, the onboarding experience of a new hire should not be limited to completing the required documentation of an I-9, W-4, and benefits enrollment. The term onboarding refers to the full integration of a new employee into the workplace.

Planning 105

Planning Fee Only 105

Walkner Condon Financial Advisors

APRIL 21, 2023

What does it mean to be a Fee-Only financial advisor ? Fee-Only financial advisors and firms receive no sales-related compensation or incentives. They are compensated only by the fee the client pays. This fee covers not only investment management, but also financial planning.

Certified Financial Planner 52

Certified Financial Planner Financial Advisor Fee Only Financial Planner 52

Your Richest Life

AUGUST 10, 2024

Find spaces for important documents, receipts and forms, so you know exactly where they’ll be when you need them. For digital clutter, you can save and sort important emails, get rid of documents that you don’t need, and create an organization system for anything you’ve saved or might need as the year wraps up.

Taxes 52

Taxes Budgeting Fee Only Planning 52

XY Planning Network

JANUARY 23, 2023

Clients are often slow to respond, don’t provide the requested documents, completely ghost… well, you get the idea. In fact, I would say it happens almost 100% of the time. However, this can feel a bit like a professional minefield. While not everyone avoids taxes, there are a significant number of people who do.

Taxes 77

Taxes Clients Numbers Fee Only 77

Yardley Wealth Management

JUNE 6, 2023

This plan can include a living trust, a legal document that allows assets to pass to beneficiaries without going through probate court. A good financial advisor can provide investment advice and help navigate the various types of financial advisors, such as registered investment advisors and fee-only advisors.

Certified Financial Planner 52

Certified Financial Planner Estate Planning Retirement Planning Financial Advisor 52

Walkner Condon Financial Advisors

NOVEMBER 11, 2022

Should you decide to contribute more than $16,000 in 2022, we would recommend that you work with your tax professional to ensure that you are properly documenting the gift. He is a fee-only, fiduciary financial advisor who works with clients locally in Madison and around the country. ABOUT THE AUTHOR. NATE CONDON.

Insurance Coverage 98

Insurance Coverage Retirement Planning Financial Advisor Taxes 98

Your Richest Life

FEBRUARY 15, 2022

Make sure that before you travel, you know what documentation, safety gear or additional steps will be required where you’re going. At Your Richest Life, Katie Brewer, CFP®, believes you too should have access to financial resources and fee-only financial planning. About Your Richest Life.

Financial Planning 52

Financial Planning Planning Insurance Fee Only 52

Your Richest Life

MARCH 26, 2024

So while you’re gathering your documents and preparing to file, you might want to look for any suspicious activity on your credit report. If you found yourself spending way too much time digging around for lost documents, then it might be time to rethink your system. For more information on the services offered, contact Katie today.

Budgeting 52

Budgeting Fee Only Taxes Accounting 52

Walkner Condon Financial Advisors

OCTOBER 28, 2022

You are also governed by the plan document of the plan, which is basically the instructions that the participants have to follow. There can be additional fees that are passed down to participants as well, including potential financial advisory fees. . Roll Your Old 401(k) into an IRA. The “I” in IRA stands for individual.

Financial Advisor 52

Financial Advisor Planning Assets Fee Only 52

Your Richest Life

SEPTEMBER 10, 2024

Bond: An official document in which a government or company promises to pay back an amount of money that it has borrowed and to pay interest for the borrowed money. About Your Richest Life At Your Richest Life, Katie Brewer, CFP®, believes you too should have access to financial resources and fee-only financial planning.

Investing 52

Investing Investments Risk Tolerance Financial Planner 52

Sara Grillo

JANUARY 9, 2023

Specific examples: Educating financial advisors of all business models (AUM, fee only, commission, etc.) Executing outreach to college students to encourage them to avoid predatory wirehouse and insurance training programs and pursue fee-only paraplanning jobs instead. Some define it as a document, others as a service.

Financial Planning 52

Financial Planning Planning Financial Planner CFP 52

Darrow Wealth Management

NOVEMBER 5, 2024

But no extra supporting documentation is sent when filing (e.g. So the best practice is to document early and often and get a QSBS attestation letter from the company. Darrow Wealth Management is a financial fiduciary and fee-only registered investment advisor. Form 8949 and Schedule D).

Taxes 62

Taxes Wealth Management Tax Planning Assets 62

Harness Wealth

MAY 25, 2023

The primary fee structures are: Fee-only : Advisors only receive payment from their clients for the services they provide, not receiving any commissions or other incentives from product providers. Fee-based : This structure is a blend of fees and commissions. It is provided for information purposes only.

Financial Advisor 52

Financial Advisor Certified Financial Planner Ethics CFP 52

International College of Financial Planning

SEPTEMBER 3, 2021

The proof can be in the form of an educational certificate or a professional license or any other document that will provide the best evidence of your identity. Go for Fee-Only Financial Advisors. Fee-only financial advisors charge their clients a flat fee for providing advice.

Financial Planner 52

Financial Planner Financial Advisor Certified Financial Planner Commission 52

Yardley Wealth Management

MAY 23, 2023

Create a will or trust: A will or trust is a legal document that specifies how your assets will be distributed after your death. It’s essential to work with a financial advisor or estate planning attorney to develop strategies to minimize tax liabilities and ensure that your beneficiaries receive the maximum benefit from your estate.

Planning 40

Planning Estate Planning Financial Advisor Wealth Management 40

WiserAdvisor

MAY 31, 2022

Also, be careful about giving your financial documents like tax certificates, government identity cards, etc. If you have to share any financial document, self-attest the form and sign it stating the purpose for submitting the papers. Avoid giving any banking information, credit card pins, personal identity details, etc.,

Investing 52

Investing Investments License Accounting 52

Inside Information

SEPTEMBER 28, 2021

On his website ( [link] ) Kitces provides a historical tour of the thinking behind the foundational document that is the ’40 Act, which illustrates how far the SEC has gone to ignore its basic premises. (You can find another history tour here: [link] ) .

Financial Planner 40

Financial Planner Financial Planning Commission Sales 40

Inside Information

OCTOBER 30, 2021

In Rostad’s view, this is the very disclosure document that could be eliminating investor confusion about the different business models and agendas. “If It is not that investors are stupid; it is that investors are being intentionally misled.”. But what does the have to do with the SEC’s new disclosure Form CRS?

CFP 40

CFP Commission Investing Investments 40

Sara Grillo

MAY 23, 2022

What is an advice-only financial planner? Advice-only financial planning is fee-only comprehensive financial planning without the expectation or even the option to manage any client investments. Financial planning is offered as a stand-alone product; it is the only thing that an advice-only financial planner does.

Financial Planner 52

Financial Planner CFP Financial Planning Education 52

Sara Grillo

MAY 8, 2023

So let’s just suppose that I’m Mr. And Mrs. Financial advisor, and let’s just even suppose I’m a fee-only advisor just for the purpose of simplicity, I do not sell insurance, I don’t get compensated for insurance, I can accept commissions if someone needs term life, I refer them to the insurance agent down the street.

Insurance 59

Insurance Clients Financial Advisor Accounting 59

Sara Grillo

SEPTEMBER 26, 2022

Salaske: I think part of the other challenge too is, is even if you have the data and even if the CFP Board was inclined to actually use that data and go make folks go through their disciplinary process, if you look at their disciplinary process and also the disciplinary items that they actually look at it.

CFP 59

CFP Financial Advisor Financial Planner Ethics 59

The Big Picture

APRIL 25, 2023

One of the, you know, risks of being an attorney is people will always come up to you and ask you about a problem, and then two-thirds of the way through the conversation you find they already signed that document, oh, I’m sorry, but I can’t help you, you have a contract. And your answer is, oh, that’s a terrible deal.

Compliance 162

Compliance Clients Wealth Management Management 162

XY Planning Network

JANUARY 27, 2025

Every financial planning practice, regardless of size, client demographic, or AUM, relies on processeswhether documented or not. These processes are the foundation of a well-oiled business that doesnt drain the life out of its owner. Yet, many advisors struggle with where to start when it comes to formalizing their systems.

Financial Advisor 76

Financial Advisor Financial Planning Clients Planning 76

Inside Information

AUGUST 29, 2021

When brokerage firms lobbied for disclosure, Roper pointed out that their definition of the term was long, dense, opaque documents that no person in their right mind would read from beginning to end. Could the SEC require the brokerage firms to revise their incentive structures to be more in alignment with fee-only planners?

Fee Only 40

Fee Only Financial Services Advertising Investment Advisor 40