How the pandemic made working with a financial planner easier
You don’t need a huge savings account to find a fee-only financial planner willing to work with you.
(Associated Press)
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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.
Five 2021 Tax Filing Tips for Clients
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ACP Members Provide Tips for Taxpayers to Get the Most Out of Their Returns in 2021
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Lawrence Financial Planning s Forrest Baumhover details his transition from serving in the Navy to financial planning.
Financial Advisor Success Podcast!
My guest on today’s podcast is Forrest Baumhover. Forrest is a financial advisor and partner with Lawrence Financial Planning, an independent RIA based in Tampa, Florida that oversees more than $100 million of assets under management for 70 affluent clients. What’s unique about Forrest, though, was his path to partnership as a financial advisor, having launched as a career changer coming out of the military with the niche of serving other military veterans in transition, only to find that his options and opportunities to become a partner in an existing advisory firm grew even more quickly than the niche that he had started out building on his own.