How Fiduciary Duty Impacts Financial Advisors news8000.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news8000.com Daily Mail and Mail on Sunday newspapers.
Blog: How to Find Fee-Only Financial Planners
Finding a trustworthy financial planner is like looking for a needle in a haystack. Only less than 10% of financial advisors in the country are required to act in your best interest. Luckily, you’re halfway through your search, after discovering the reasons why fee-only financial planners are the best way to go.
What are Fee-Only Financial Planners?
Fee-based Financial Planners don’t sell commission-based products that create conflicts of interest.
They’re not tied to a specific company, so they are free to provide a wide array of solutions.
You know exactly what you’re paying (fees are more transparent).
Host: Michael Kitces
Kitces’ podcasts were mentioned by several advisors as “must listens” for various reasons. Not only are they in-depth and informative, but Kitces provides a transcript for those who just want to skim read and not listen.
“Coming from the discount broker/dealer world, hearing success stories from people with similar and drastically different backgrounds gave me huge insight into how broadly diversified this industry truly is.”
Joseph Brady, CFP, Rock Financial Planning, Denver
2.
Hosts: Michael Kitces and Carl Richards
“The juxtaposition of Kitces’ analytical perspective and Carl’s social perspective helps the listener realize the balance, and struggle, that true fiduciary advice takes. Also, it’s enjoyable to hear them disagree while still respecting each other.”
Liz Weston: How to find a fee-only financial planner
Updated Apr 11, 2021;
Facebook Share
By Liz Weston
Dear Liz: You often recommend in your column to seek the advice of a fee-only financial planner. Where would I find such a financial planner? Our understanding is that a person has to have at least $1 million of savings to invest before a “fee-only” financial planner will consult with you. Can you be more specific?
Answer: Once upon a time, it was difficult to find fee-only financial planners if you didn’t have a lot of money to invest. Many required you to invest at least $250,000 and charged 1% of those assets annually.
Should I Use My Home Equity to Buy Stocks? fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.