Sara Grillo

JUNE 12, 2023

Not the premium – but the actual costs of the insurance policy. When you pull back the curtain you see that insurance costs are often excessive – but the illustration will never tell you that! The problem with insurance illustrations Insurance illustrations can be misleading and comparing them can be fundamentally inappropriate.

Insurance 59

Insurance Clients Financial Advisor Math 59

Park Place Financial

SEPTEMBER 8, 2022

Bankers, stock brokers, insurance representatives, and tax professionals constitute financial advisors. . A key indication of an advisor’s dedication to acting in the client’s best interest is the mention of fiduciary duty. Some advisors do not observe fiduciary duty but are bound to a suitability standard.

Financial Advisor 52

Financial Advisor Fiduciary Duty Certified Financial Planner Financial Planner 52

Sara Grillo

AUGUST 14, 2023

Legal definition of the fiduciary standard To quote directly from a paper by Attorney Lorna Schnase , two bodies of law form the legal basis for the fiduciary standard: Common law: Under common law principles of agency, an investment adviser, as agent, owes fiduciary duties to its client, as principal.3 Not necessarily.

Financial Advisor 52

Financial Advisor Fiduciary Duty Insurance Financial Advice 52

Darrow Wealth Management

OCTOBER 1, 2024

Life insurance proceeds also skip probate if you name beneficiaries (assuming the beneficiary wasn’t your estate). Trustees have a fiduciary duty to abide by the terms of the trust and make distributions to beneficiaries accordingly. What are common terms of a trust?

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Assets Estate Planning Distribution Fiduciary Duty 98

WiserAdvisor

JUNE 12, 2022

For example, if they sell a certain insurance product to you, they might be getting kickbacks from the insurance company for making the sale. Ensure that the financial advisor is bound by fiduciary duty. Financial advisors bound by fiduciary duty will not try to sell you financial products that benefit them monetarily.

Financial Advisor 52

Financial Advisor Fiduciary Duty Commission Financial Planning 52

Ron A. Rhodes

DECEMBER 12, 2023

Can the use of a title – such as “financial planner” (or CFP) or “financial consultant” or “wealth manager” or “investment consultant” or similar – by the registered represent of…

Financial Planner 67

Financial Planner Wealth Management Financial Consultant CFP 67

Sara Grillo

DECEMBER 22, 2023

Look for anything that shows high virtue or truthfulness such as being an expert witness that gives testimony in insurance fraud cases, having been a fraud investigator in a past role, etc. 3 Leverage Fiduciary resources and learn what a pure fiduciary is Institute for the Fiduciary Standard houses a library of Advisor On My Side resources.

Financial Advisor 52

Financial Advisor Fiduciary Duty Compliance Financial Advice 52

Walkner Condon Financial Advisors

APRIL 17, 2023

This can include mutual funds, insurance policies, annuities, and other financial products. Some advisors are primarily paid directly by the client, but then also might receive some compensation from insurance policies they sell to their clients or other investment products they recommend, like a specific fund or annuity.

Fee Only 52

Fee Only Financial Advisor Certified Financial Planner Commission 52

Walkner Condon Financial Advisors

APRIL 21, 2023

This can include mutual funds, insurance policies, annuities, and other financial products. Some advisors are primarily paid directly by the client, but then also might receive some compensation from insurance policies they sell to their clients or other investment products they recommend, like a specific fund or annuity.

Certified Financial Planner 52

Certified Financial Planner Financial Advisor Fee Only Financial Planner 52

Sara Grillo

NOVEMBER 14, 2022

In today’s show we’re going to be debating a variety of topics related to the retirement crisis in America, the role that financial advisors and insurance agents play, and how to harmonize the two together (if even possible, lol). He is a flat fee advisor; not a licensed insurance agent. The insurance policies will lapse.

Insurance 59

Insurance Retirement Financial Advisor License 59

Ron A. Rhodes

DECEMBER 13, 2023

It is possible that all commission-based compensation involving the sale of investment products, life insurance products, and annuities could be eliminated. And it would be right and just to do…

Commission 59

Commission Insurance Sales Investments 59

Carson Wealth

JANUARY 14, 2023

State or federal RIA registration requires the firm to serve firm clients at a fiduciary standard. The CFP ® designation requires those holding this designation to act as a fiduciary when providing financial advising or financial planning services.

Financial Advisor 52

Financial Advisor CFP Certified Financial Planner Risk Tolerance 52

Park Place Financial

SEPTEMBER 30, 2022

Working full time later in life enables you to keep contributing to your employer-sponsored retirement account and key benefits, like health insurance. Park Place Financial observes its fiduciary duty to act in our client’s best interest, putting your needs above our profits. by the year 2030.

Retirement 52

Retirement Retirement Planning Certified Financial Planner Fiduciary Duty 52

Fortune Financial

SEPTEMBER 25, 2023

When researching wealth management firms, paying attention to their credentials and qualifications is essential, including whether they have a fiduciary duty to uphold. Commission-Based Some advisors may earn commissions on financial products, such as insurance or certain investments.

Wealth Management 59

Wealth Management Management Risk Tolerance Retirement Planning 59

Ron A. Rhodes

DECEMBER 21, 2023

In recent years a major development has occurred with respect to annuities … more and more insurance companies are offering annuity products with no commissions. These products can deliver more…

Commission 45

Commission Insurance Fiduciary Duty Financial Advisor 45

Fortune Financial

SEPTEMBER 25, 2023

When researching wealth management firms, paying attention to their credentials and qualifications is essential, including whether they have a fiduciary duty to uphold. Commission-Based Some advisors may earn commissions on financial products, such as insurance or certain investments.

Wealth Management 52

Wealth Management Management Risk Tolerance Retirement Planning 52

WiserAdvisor

NOVEMBER 21, 2022

Unlike the average investor or other financial professionals, a CFP is a licensed expert in areas like estate planning, taxes, retirement, insurance, and investment planning. This is done to establish a fiduciary duty within the candidate and make them a reliable, upstanding member of the fraternity.

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Certified Financial Planner Financial Planner CFP Financial Planning 40

WiserAdvisor

AUGUST 8, 2022

For instance, you can hire a fiduciary. Fiduciary duty mandates the advisor to keep your interests ahead of theirs. Life insurance is also helpful in lowering the tax and can be a fantastic estate planning tool. Insurance payouts given to the nominee in the case of an unfortunate event are exempt from any tax.

Wealth Management 52

Wealth Management Financial Planning Financial Advisor Taxes 52

WiserAdvisor

JUNE 6, 2023

Revocable and irrevocable trusts, insurance plans, Domestic Asset Protection Trust (DAPT), and other similar estate planning strategies for high-net-worth individuals can be helpful. It is essential to appoint someone who will act in your best interests and fulfill their fiduciary duties towards your estate.

Estate Planning 40

Estate Planning Planning Taxes Insurance 40

WiserAdvisor

AUGUST 18, 2023

Moreover, fee-only advisors are often viewed as fiduciaries, which means they are legally obligated to act in their client’s best interests. A fee-only fiduciary financial advisor has a fiduciary duty to put the client’s needs first, ensuring you get the highest level of transparency.

Financial Advisor 52

Financial Advisor Commission Fee Only Financial Planning 52

Inside Information

SEPTEMBER 28, 2021

It says that the fiduciary duty covering investment advisors would apply to the entire advisor-client engagement, and arise as a matter of law whenever an investor gives an RIA his/her trust and confidence. No wonder Wall Street coopted those former terms and abandoned the latter ones.

Financial Planner 40

Financial Planner Financial Planning Commission Sales 40

The Big Picture

JULY 4, 2023

We love, but at the end of the day, They have a fiduciary duty to their LPs to hire the best person. WEINSTEIN: My father ran a small insurance brokerage so he was an entrepreneur but small. WEINSTEIN: We love diversity. Who helped to shape your career? WEINSTEIN: It’s totally my parents. RITHOLTZ: Really? RITHOLTZ: Right.

Management 147

Management Recruitment Numbers Banking 147

The Big Picture

JUNE 20, 2023

We looked at everything from retail to nursing homes to hospitals to insurance companies to manufacturers. It had been prevented, had been barred from that before because of this fiduciary duty idea and also because of the opacity of these instruments. RITHOLTZ: So let’s talk insurance.

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Insurance Healthcare Retail Medicine 147