Below you'll find a list of all posts that have been tagged as “financial advisor”
It could be fine to have multiple advisors if these risks and limitations are kept in mind and addressed by having someone to oversee it all. We recently had to address a unique situation in regard to their step-up in basis and issues with a do-it-yourself investor having too many custodians after the passing of their loved one.
In my experience, some financial practices are more transaction-oriented, which means that after a short onboarding process, the advisor gives the client their best ideas about what products they should purchase. Other financial practices are planning-oriented. After a lengthy onboarding process that may include providing the advisor with a mortgage statement, tax return, account statements and insurance policy information, clients …
Have you this year received an invitation in the mail for a fancy steak dinner with a “fiduciary financial advisor?” If yes you may want to review the fine print on that invitation! This episode of Nestology TV Mike discusses why the term fiduciary no longer carries the weight it used to and provides an example where your advisor may …
As you approach your top earning years the ages between 40-60 are absolutely crucial in regards to financial planning as well as retirement planning. Wealthnest Planners Certified Financial Planner, Kevin Foster reviews smart money moves to make in your forties and fifties.
Sometimes you need a “sounding board” for your ideas and concerns. If you don’t there may be ” feedback ” when it comes to your financial advisor. When you have financial questions or ideas, you need someone to listen. A professional can listen and help provide insight into possible financial moves you could make—plus give you guidance regarding your options. Every …
With the Department of Labor’s proposed changes, a lot of firms have changed the way that they do business. This is, in theory, is a good thing, as financial advisors now must act in a Fiduciary capacity. In other words, they should put the client’s interests before their own. Ironically, there has been an unintended consequence for some: the lack …
There has been a lot of talk surrounding the Department of Labor’s new fiduciary rules. The gist of the whole thing is the fact that financial advisors will have to act as fiduciaries, meaning that they have to put their client’s interests first before their own. Wait a minute. Isn’t that a financial professional is supposed to be doing? This …
“You are worse than the Dentist.” It’s tax time. According to some of my clients-one of the worst days of the year. Most of my clients are patriotic Americans, but they don’t want to pay more taxes than they have to. Over the years I have noticed most of my clients initially focus on deductions. Should I buy a house …
