Relationship Your advisor’s sole, continuous duty across your entire relationship should be to advance your highest financial interests (even ahead of their own) as a FIDUCIARY. Primary Role Your advisor should understand and account for your total wealth interests and advise you accordingly. Understanding all components of your financial situation and how they interact is…
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Most people do not even know what NAPFA stands for let alone why NAPFA advisors are recommended. As a NAPFA advisor since 2009, I wanted to take this opportunity to tell you about the organization.
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Setting goals are important. It gives you something to work towards. But there is a huge misconception about goals that most people don’t figure out until it is too late. Achievement of your goal will not bring you happiness. Having a certain amount of money in the bank, getting a promotion, owning your dream home, retiring at age 50 – those may be your goals, but what happens once you get there? Then what?
DetailsThe DOL Fiduciary Rule, requires that all financial professionals who work with retirement plans or provide retirement planning advice must act as a fiduciary.
DetailsFinancial advisor, financial planner, financial consultant, wealth manager, etc. – there are many names used by investment professionals today. But what’s more important than the title that a professional gives him or herself is the standard of care the investment professional is held to a fiduciary standard or a suitability standard.
DetailsAs much as we would prefer a world where doctors could focus exclusively on addressing our health care questions strictly according to our highest interests, we know that reality is less rosy. Best intentions are often complicated by multiple parties, conflicting incentives and confusing costs. The more informed you are of any undisclosed motivations – who is compensating whom, and how – the better your choices can be when deciding to whom to turn for your family’s quality medical care.
DetailsWhen it comes to investing, we can often be our own worst enemy. That is because oftentimes, we allow our emotions to impact our behavior. Our emotions are fueled by what we read and hear in the media. The more emotional we become, the more likely we are to act and the actions we take…
DetailsGood advice is timeless … and timely. Good financial advice never goes out of style; its principles are permanent. Good advice must remain relevant in an ever-changing world. Your financial adviser should be able to help you embrace promising new opportunities and insights while avoiding the false leads and frightening challenges that are as formidable as ever in today’s markets.
DetailsIn today’s world, there are several different types of investment firms, but with important differences between them that confuse not only consumers but even many investment professionals. The short article below provides a basic overview of the various types of firms and how they differ. “Brand Name” Brokerage Firms Much investment advice in the U.S.…
DetailsAs consumers, before we make a purchase, we read the fine print and compare labels. Unfortunately, it’s not all that easy for investors to compare one financial firm to another. Various firms may seem similar, but there are important differences to be aware of.
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