Posts in Fee-Only Financial Advice
5 Signs That You Are Talking To The Wrong Financial Advisor

The tales of financial advisor fraud are like a car wreck: terrible to observe and impossible to look away. Here are 5 tips for avoiding your own financial wreck.

What is it about the stories of financial advisors gone rogue that captivates the imagination? Take this recent story in the news: a former New Jersey-based financial advisor was convicted of fraud for stealing his clients’ money and using it to pay his own mortgage, dine out, and buy sporting event tickets. In retrospect, the warning flags were there.

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Fee-Only Financial Advice, Financial Planning, Financial TipsPhillip R. ChristensonPhillip James Financialfinancial plan, Financial Planning Advice, financial planning plymouth, fee only financial planning
Focus on Fiduciary

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?

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Fiduciary, Fee-Only Financial Advice, Financial AdvisorsPhillip R. ChristensonPhillip James FinancialFiduciary, fiduciary financial advisor, fee only financial planning
Why does Fee-Only make a difference?

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. 

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Fee-Only Financial Advice, FiduciaryPhillip R. Christensonfee-based, fee-only, fee-only financial advisors, Fiduciary, broker/dealer
NestWise Closes Shop - Are the Middle Class running out of options...

LPL 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

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Fee-Only Financial AdvicePhillip R. ChristensonLPL Finance, NestWise, Fee-Only, investment managment, Investing, financial planning
What is the difference between A, B, and C mutual fund share classes. And why you should never purchase any of them.

A mutual fund owns shares in stocks (hundreds and sometimes even thousands of different stocks).  You, as the investor, can own shares in the mutual fund which means you own a small percentage of all the stocks that the mutual fund owns.  A, B, and C, are different types of share classes.  The difference between these share classes are the fees that the investor pays to purchase the investment.

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Fee-Only Financial AdvicePhillip R. ChristensonLoads, Mutual Funds, No-Loan, Fee-Only