You've worked hard for your money, and now it's time to make your money work for you. As you approach retirement or think about your financial future, you might be wondering how to make smarter investment choices. That's where a fee-only financial advisor comes in.
Read MoreYou want your company's growth to align with its financial capabilities. So how can you make sure they are working together efficiently?
The answer is compensation planning!
Read MoreIn a world where financial uncertainty can feel like the only certainty, many miss the critical step of cash flow forecasting in their financial journey. This oversight is not just a small blip. It can lead to significant missed opportunities and unnecessary financial stress.
Read MoreMoney matters. Whether you're just starting to build your financial foundation or navigating the complexities of growing wealth. Understanding how to manage your money is the key to growing it.
When it comes to money management, two terms often come up: wealth management and financial planning.
Being in the financial industry, Ponzi schemes happen more often than I like to hear, but it’s especially concerning when it hits close to home. In this case, Jeremy Lundin of Mound, allegedly stole almost $1,000,000 from local investors and never invested a penny. Jeremy, the owner of Big Island Capital (named after a popular hangout on Lake Minnetonka), promised investors “exponential returns” with very little risk.
Read MoreIncomplete plans can be disastrous. A man named Carl McCunn learned this painful lesson amid the chilling landscape of Alaska. The wildlife photographer arranged for a bush pilot to fly him to an isolated region hundreds of miles north of Fairbanks. He carried enough provisions for his five-month excursion.
Read MoreJohn and Sally have been married 5 years. The 35-year-old computer programmer works at a major software company, while Sally, 32, works part-time as a freelance photographer and full-time as the mother of a 3-year-old son and a 5-year-old daughter.
Read MoreToday we have another article in from the Financial Advisor Blog Sharing Group. This group is made up of other like-minded financial advisors from around the country. This group only includes Fee-Only financial advisors so the blog posts will be objective and free from conflicts of interest. Gregory Johnston of Johnston Investment Counsel from Peoria Illinois is the next contributor.
Read MoreWell now, what have we here? A 16 point checklist for your financial advisor! We have gone through and found 16 important points which can be used to perform due diligence on any financial advisor or investment manager.
Read MoreEstate planning should be a part of every financial plan, which means that your financial team should always have an estate attorney in addition to your fee only financial planner.
Read MoreI read an article from the Star Tribune (our local Minnesota newspaper) earlier today entitled Aging America: For some blue-collar Americans, retirement is nothing more than elusive dream.
The story follows that sad tail of Tom Edwards, a 53 year old logger, who thinks he will never be able to retire.
Read MoreLPL Financial shut down its registered investment advisor which targeted middle class America because the company did not meet expectations for growth. I guess LPL realized that it is more profitable to push commissioned based products rather then provide objective fiduciary advice
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.
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