What do you think about when you hear the words “financial advisor”?
High pressure sales techniques, obscure products with hidden fees, secret incentives to agents – the list is long and rather unflattering. How did we get here? And, more importantly, how can you choose the right professional to partner with if you don’t want to undertake managing your own money?
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 MoreI was doing a little research this morning and found an excellent article on the Fool.com about the Broker/Dealer model (e.g. Edward Jones), and the inherent conflict of interest associated with this model.
Read MoreI have never seen a better explanation of the Fiduciary Model of Financial planning as compared to the traditional broker/dealer model.
Read MorePhillip James Financial is not your traditional financial planner. This is because of our compensation structure, called “Fee-Only.” This fee is based on the percentage of assets that we manage for you.
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