We say it all the time but why exactly does "Fee-Only Make a Difference" mean?Well, it mostly has to do with the compensation structure, called “Fee-Only,” and how it compares to "Traditional" commission based financial planners. It’s this unique way in which Fee-Only financial advisors are paid that allows them to be objective in their advice and avoid conflicts of interest.
Read MoreYesterday, I was reading an issue of Financial Planning Magazine (a magazine for financial planners). This particular issue was the 2013 technology survey and went through the different technology trends as it relates to financial planners and the top technologies they are using in their practices today, like portfolio management software, CRM (customer relationship management), and financial planning software.
Read MoreI have heard this so many times it would be funny if it wasn’t so sad. One of the selling points that commissioned based financial planners tell their prospects is that they don’t have to pay anything to work with them. Sorry, but nobody works for free, and the notion that you can get sound objective financial advice for nothing is ridiculous.
Read MoreThe title of this blog post is the title of an article that I read in Investment News this morning. Basically it is about imposing the Fiduciary standard of care on Broker-Dealers.
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