Posts Tagged ‘financial advisors’
5 Financial Advisor Red Flags
A good money manager is always worth it. While it’s basically impossible for anyone to outperform the market 100% of the time, a competent and dedicated financial advisor should always be able to help you leverage your finances and achieve your goals. With that in mind, being able to identify a “bad” financial advisor before…
Read MoreThis One Mistake Costs Investors $17 Billion Each Year
Studies conducted by the U.S. government estimate that a full 1% of annual investment returns are lost each year for one simple reason…and it’s an easy mistake to make. That’s 1% of all investments in the U.S. by the way, or about $17 Billion dollars. Every single year. That’s a pretty big number, and it’s…
Read More7 Questions You Need to Ask Before Hiring an Advisor
As an individual investor, if you’ve reached the point where you feel ready to hire your first financial advisor, you’re going to want to prepare a list of questions in order to evaluate possible candidates. Each investor is different, and your specific needs are going to be unique to you. These questions will help you…
Read MoreWarning: Investors are reading this market wrong!
Record highs in the DJIA, The S&P500, and Nasdaq are misleading investors into a false sense of security. That’s because while the DJIA, the S&P 500, and the NASDAQ are all rising to record levels, the “true market” is flashing red. For proof, look no further than the NYSE Bullish Percent Index or NYSE BPI.…
Read MoreRIAs Vs. Broker-Dealers
Today, we’ll be diving deeper into the world of Registered Investment Advisors and one of their counterparts, Broker-Dealers. As an investor, it’s important you have a good understanding of all of the options available to you in terms of advisors and money managers. This way, you’ll always know exactly what you’re getting, and you’ll feel…
Read MoreUnderstanding the Two Major Advisor Classifications
The classifications for financial advisors and the standards we hold them to has changed several times over the years. Currently, there are two broad categories of financial advisors you should be aware of, Fee-based and Fee-only. One of these advisors is legally required to put their clients’ best interest first. The other is only required…
Read MoreThe Retirement Fiduciary Rule is Dead: What this Means For You
The term Fiduciary is defined as: “A person who holds a legal or ethical relationship of trust with one or more parties.” This was the aim of the DOL’s “Fiduciary Rule”, which aimed to standardize the way retirement brokers and advisors interacted with clients. The rule was originally scheduled to phase in over the course…
Read MoreChoosing the Best Financial Advisor: 3 Common Mistakes to Avoid
Navigating the world of financial advisors can be intimidating at first glance. There’s dozens of search platforms to choose from, and each one tends to turn up different results. Unless you’ve got a close friend or family member with experience, you’re basically on your own, with way too many options to pick between. Whether or…
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