Believe it or not, not all advisors must adhere to the fiduciary standard when working with their clients. Many advisors are held to a suitability standard that requires investments to be considered ‘suitable’ rather than the fiduciary standard that requires the advisor to put their client’s best interest ahead of their own. To make things […]
I recently met another advisor who mentioned something that stuck with me. He told me, “Our clients probably look at hiring an advisor like buying a home. Most clients buy a home maybe once or twice throughout their lifetime, and it’s a big decision.” I couldn’t agree more. A home buyer does their due diligence […]
First, let’s talk about what it means to be a fee-only advisor. A fee-only advisor is compensated solely by the client. They may receive no sales-related compensation, like commissions, transaction fees, or referral fees. Instead, a fee-only advisor may receive compensation in these ways: Percentage of Assets under management (AUM) Monthly, Quarterly, or Annual fees […]
If you’re like many Americans who wonder what a financial planner does and how they can help, you’re not alone. Finance, financial, financial planning, financial advice, and all these terms are all around us – your local bank, credit union, insurance office, website ads, and TV commercials are vying for your attention to offer you […]