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IQ Financial Advisor – Content page

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Nearly half of the brokers – including the four wire houses – contacted by FA-IQ are in various stages of reopening and with varying policies on vaccination and mask warrants.

The others either declined to share their current plans to return to the office or were unwilling to reveal them at this point.

[Editor’s Note: Scroll down for table of responses.]

Advisors to Goldman Sachs have been back in the office since June 10 and the cabinet is asking them to disclose their immunization status, a spokesperson said.

For those who are not vaccinated, masks should be worn in the office and Covid-19 tests are required weekly.

RBC Wealth Management has had employees in the office on a voluntary basis since Sept. 7 and is expected to undergo a full return on Oct. 4, according to a spokesperson.

The firm encourages vaccines and / or masks, but these are not requirements, adds the spokesperson.

“The health and safety of our employees and customers is our top priority,” wrote a spokesperson for RBC Wealth in an email. “RBC is currently strongly encouraging vaccinations where possible for our employees, while also requiring employees to wear masks and maintain physical distances in accordance with local guidelines. “

As the pandemic evolves, RBC Heritage will continue to monitor public health and government guidance as well as developments related to the virus and its variants, according to the spokesperson.

Raymond JamesThe office has been opened to employees who wish to enter voluntarily, and a full reopening is not expected until October 11 at the earliest, according to a spokesperson.

This is an adjustment from a previous plan for Raymond James employees to return to the office on September 13. In a letter to Raymond James partners and advisors in July, the President and CEO Paul reilly wrote that the company was anticipating the September date but would make the necessary adjustments in light of the pandemic and adopt more flexible working arrangements.

“As we continue to monitor the reports from health officials and recognize how quickly things can change, I am delighted to say that we are ready to go back to the office, to be together again,” Reilly wrote in July.

Stifel Financial leaves specific return-to-office dates at local branches, and unvaccinated employees are required to wear masks, according to a spokesperson.

Stifel has taken a localized approach to dealing with issues related to Covid-19, which “has worked well throughout the various stages of the pandemic,” a spokesperson for Stifel wrote in an email. “The health and safety of our employees guides our policies and we understand the need for flexibility as conditions change”

The company balances the safety of its employees with the belief that work and collaboration in person is important.

“In general, there is no doubt for us about the importance of being physically together. The benefits are clear – in training, collaboration, innovation, networking and more, ”said the spokesperson.

LPL Financial employees will return to the office “when the time is right,” according to a spokesperson. The firm is closely monitoring the pandemic, including the spread of the delta variant, the spokesperson notes.

“[W]We continue to seek advice from health and government agencies, as well as key medical professionals, ”the spokesperson wrote in an email. “We will take a thoughtful and phased approach to getting employees back to the office when the time is right. “

spokesperson for Ameriprise Financial, Group of advisers, Cetera Financial Group, Commonwealth Financial Network, Edward jones, Janney Montgomery Scott, JP Morgan declined to comment or did not respond to requests for information.

JPMorgan has turned the tide by allowing employees vaccinated against Covid-19 to be in the office without wearing a mask.

“If you are fully vaccinated, you are required to wear a mask in all common areas of our buildings, including when moving between offices / moving on the floor, in elevators and in pantries, cafes, halls, etc. Jamie Dimon and the rest of JPMorgan’s operating committee wrote in the memo reported by Bloomberg earlier this month. “You can remove your mask in conference rooms or in your workspace where you can socially distance yourself. “

Wirehouses

Among the spinning mills, Wells fargo recently pushed back his planned return to power date from September to early October. The firm is encouraging but does not require vaccines and will require masking in all of its locations.

Merrill Lynch asks employees to come back to the office after Labor Day. The company does not require vaccines but encourages employees to obtain them and inform the company of their status. Merrill employees will also be required to wear masks in the office, except at their desks.

Morgan stanley requires vaccines for employees at its New York and Westchester, New York offices, where many of its employees are based, though policies vary elsewhere. In offices where vaccines are mandatory, it will not require a mask. The company also doesn’t impose a return-to-work deadline, although the CEO James gorman urged employees to return if they can.

UBS did not respond to a request for comment on its policies. CEO Ralph Hamer wrote in Time magazine earlier this month that the financial services industry must embrace hybrid working arrangements because clients, not just staff, are ready for a transition.

How Brokers Deal With Their Return To The Office Source: Firms Date Returned To Office Vaccine Mandate Mask Mandate Advisor Group No Comments No Comments No Comments Ameriprise Financial No Comments No Comments No Comments Cetera Financial Group Refused to comment Refused to comment Refused to comment Commonwealth Financial Network Declined to comment Declined to comment Declined to comment Edward Jones Declined to comment Declined to comment Declined to comment Goldman Sachs As of June 10 Employees must disclose their immunization status Yes for unvaccinated employees; Weekly Covid testing also required Janney Montgomery Scott No comment No comment No comment JPMorgan No comment No comment No comment; yes except in workspaces and conference rooms, according to memo reported by Bloomberg LPL Financial When the time is right Declined to comment Declined to comment Merrill Lynch After Labor Day No Yes except in Morgan Stanley office No fixed date Yes in New York and Westchester, the New York offices, which have a majority of employees; policies vary elsewhere No Raymond James Volunteer now, full return by October 11 at the earliest Refused to comment Refused to comment RBC Wealth Management Volunteer since September 7, full return on October 4 No No Stifel Financial decision left to local branches No mandate vaccination; no comment on whether employees should disclose their immunization status Yes for unvaccinated UBS employees No comment No comment No comment Wells Fargo Early October No Yes

Editor’s Note: Story updated at 1 p.m. ET

In LinkedIn earlier Friday, RBC President and CEO Dave mckay wrote that the bank requires employees to be vaccinated before returning to the office.

“We believe vaccines are the best way to keep our workplaces safe and to help our communities reduce the spread of COVID-19 variants such as Delta. This is why RBC will require that all employees be fully vaccinated to work in any of our premises, in areas where we are authorized to do so, ”he wrote on the post.

“This effort will begin in Canada and the United States, where those who can be fully immunized will have to do so by October 31,” he added.

RBC will continue to monitor evolving government and public health guidelines and adjust its health and safety policies as necessary, according to McKay.

“Nothing is more important than the health and well-being of our clients, colleagues and communities,” he wrote on the post.

– With additional reporting from Peter Rawlings

Do you have a topical tip that you would like to share with FA-IQ? Write to us at [email protected].


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IQ Financial Advisor – Content page

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The chief of staff of the Rep. Diana harshbarger, R-Tenn., Says the congressman’s financial planner is responsible for her delay in disclosing hundreds of stock transactions under federal regulations, according to news reports.

“When the crude oversight of the financial advisers was discovered, it immediately became apparent that he was unfamiliar, and his mistake prevented the congressman from not meeting the reporting requirements within the specified time frame,” Zac Rutherford Business Insider said.

Harshbarger failed to timely disclose more than 700 transactions worth at least $ 728,000 and up to $ 10.9 million, Insider writes, citing his analysis of newly filed Congressional files.

Members of Congress have 30 days from the time they become aware of a transaction, and no more than 45 days from the transaction as a whole, to disclose the transaction to the Clerk of the House of Representatives, according to the publication. .

Harshbarger, however, was slow to disclose the transactions of herself and her husband, Robert harshbarger, produced between early January and June, writes Insider.

The trades involved dozens of companies, including Facebook, Walmart, Apple, Verizon Communications, Coca Cola, Chevron, Raytheon Technologies and Lockheed Martin, according to the publication.

In addition, Harshbarger – who is a member of the House Committee on Education and Labor – also negotiated an education technology company Chegg, Insider writes.

And she and her husband – who were sentenced to 48 months in federal prison in 2013 for distributing medicines made in China not approved by the United States Food and Drug Administration – also exchanged in Johnson & Johnson, one of the main vaccines against Covid-19, and Regeneron Pharmaceuticals, which makes state-of-the-art treatment for Covid, according to the publication.

Harshbarger’s chief of staff told Insider the congressman retained legal counsel in December to ensure she was complying with ethics guidelines and reporting requirements, and that the lawyer then worked “with the congressman’s personal financial planner who provided assurance of familiarity and experience with all processes and requirements.”

The anonymous financial planner oversaw Harshbarger’s portfolio “without any authorization, direction or approval from Congresswoman Harshbarger,” Rutherford said, according to Insider.

It turned out, however, that the financial planner did not follow the protocols, according to Rutherford, the publication writes.

The congresswoman and lawyer, after learning of the oversight, immediately worked to rectify the situation, according to Rutherford, the publication writes. Insider adds that more than a dozen other lawmakers “appear to have violated” the 2012 STOCK law, established to tackle insider trading by elected officials.

Do you have a topical tip that you would like to share with FA-IQ? Write to us at [email protected].


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Financial advisor, financial planner or robo-advisor? Here’s how to find the right helper for managing your money

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José Luis Pelaez inc. | Getty Images

If you are looking for professional help with your finances, it can be difficult to know where to start.

From sorting through industry certifications to understanding fees, the process can seem overwhelming.

On the one hand, you need to make sure that anyone you are considering hiring is capable of handling your money and investments. Professional designations such as Certified Financial Planner, or CFP, can help you sort through the options available, as recipients receive training, testing, and continuing education through their respective organizations.

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“Unlike a medical degree or obtaining your JD [Juris Doctor degree], there is no consistent basic education in financial advice, which is why it can be very important to pay attention to certain proofs of capacity through a designation, ”said Michael Finke, himself CFP and professor of Wealth Management at the American College of Financial Services. .

Then there are the management fees involved, which vary. There are fee-based advisors, who typically charge a percentage of assets under management – typically around 1% per year – or hourly fees, which average between $ 200 and $ 400. Others earn a commission on the products they sell, while others, called fee-based advisers, may take both approaches.

Look for advisors who are regulated as trustees because they are required by law to look after the best interests of their clients.

“You have to question the advisor,” he said. “Ask them what their process is.

“Ask them how they are paid,” added Finke. “You want to look for evidence of ability. “

Also, look for someone who has been actively advising clients long enough to have experienced a market downturn, such as the 2008 financial crisis, said Winnie Sun, co-founder and CEO of Sun Group Wealth Partners in Irvine, Calif.

“They can help give you advice on how to manage your money in good and bad years,” said Sun, a member of the CNBC Financial Advisor Council.

The CFP designation is generally considered the gold standard in financial planning because rigorous training and testing is involved. CFPs look at your entire financial situation and develop a comprehensive plan based on your needs.

Those who may not have a lot of money should look for someone who charges an hourly rate, as advisors who charge based on assets under management may have a minimum asset requirement.

Hourly planners are also suitable for those who do not need an ongoing relationship with an advisor, said CFP Ben Jacobs, senior financial planner at Elwood and Goetz Wealth Advisory Group based in Athens, Georgia. He also chairs the National Association of Personal Financial Advisors committee for new advisors.

If someone says they are CFP, you can check it on the CFP Council website, which will not only confirm if the person has the designation, but also list any possible disciplinary actions taken against the individual.

Another comprehensive financial planning designation is Chartered Financial Consultant, or ChFC, which has a similar curriculum as the CFP designation. You can check someone’s designation through YourAdvisorGuide, offered by the American College of Financial Services.

Some planners also earn additional specialist certifications, such as wealth management, retirement income planning, or special needs planning.

Meanwhile, registered investment advisers are also trustees and are registered with the Securities and Exchange Commission or their respective states. They may have additional credentials such as CFP.

You can view a full list of financial professional designations on the Financial Sector Regulatory Authority’s website. It also provides links to the various accreditation organizations, which can be useful in vetting an individual.

Some financial experts advise to stay away from advisers who are commission-based only because they are not legally obligated to have your best interests at heart.

“Taking commissions really introduces a very big conflict of interest,” Jacobs said.

That said, there are cases where it makes sense, said Finke of the American College of Financial Services.

He likens it to a mortgage broker, who earns a commission for selling a loan but also does his homework and recommends a product that is well suited to your particular situation. When it comes to investing, this can include annuities and mutual funds.

“Some consumers would be better off with a product that has a unique expense,” said Finke.

undrey | iStock | Getty Images

Another option is a robo-advisor, which is a digital platform that provides largely algorithm-based financial planning services.

“If saving for retirement is your primary goal, then a robot advisor can handle this planning process well enough for most average workers to give them everything they need,” said Finke.

Annual management fees typically range from 0.25% to 0.5% of your assets, according to Bankrate.

Sun understands the importance of robo-consulting for certain clients, such as those who are just starting out or who have simple needs, and has incorporated it into their practice.

“It helps them manage their money properly, with the idea that when they’re ready, they can then move on to full service,” she said.

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Kelly Connel of Edward Jones in Rockwall obtains Certified Financial Planner certification – Blue Ribbon News

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ROCKWALL, TX (August 19, 2021) Financial advisor Kelly D. Connel of the Edward Jones financial services firm in Rockwall has been approved by the Certified Financial Planner Board of Standards (CFP Board) to use the CFP® certification mark.

Kelly D. Connel has successfully completed the initial CFP board certification requirements, which include completing financial planning courses and passing a comprehensive exam.

Individuals who hold CFP® certification must agree to meet continuing education requirements and comply with Code of ethics and professional responsibility and standards of practice in financial planning.

This advanced training provides investment professionals with the practical information needed to provide comprehensive financial services. Topics of study include the financial planning process, risk management, investments, tax planning and management, retirement and benefits, and estate planning. CFP professionals are also required to meet continuing education requirements and adhere to the CFP Board of Directors’ Code of Ethics and Professional Responsibility and Financial Planning Standards of Practice.

Kelly’s office is located at 1309 Ridge Road, Suite 100, Rockwall Commons. Kelly is also a Rockwall Noon Rotarian.

Edward Jones, its employees, and its financial advisors are not estate planners and cannot provide tax or legal advice. You should consult your estate planning lawyer or qualified tax advisor about your situation.

Edward Jones, a Fortune 500 company headquartered in St. Louis, provides financial services in the United States and, through its subsidiary, in Canada. Every aspect of the company’s operations, from the investments offered by its financial advisors to the location of branches, is aimed at individual investors. The company’s nearly 19,000 financial advisors serve more than 7 million clients with a total of $ 1.6 trillion in assets under management. Visit edwardjones.com or the recruiting website at careers.edwardjones.com. SIPC member.

Press release submitted, edited for publication in Blue Ribbon News.

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Responding to Scandals, a Poor Platform for Financial Services Reform: ALRC Panel

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The President of the ALRC, the Hon. Judge Sarah Derrington

Legal academics who study the effectiveness of financial services law believe that the development of the Corporations Act has been hampered by reactive policy, which has led to ineffective and overly complex regulation characterized by ‘attractive prophylactic’ laws and a legislature. “Arising”.

Speaking at a recent panel hosted by the Australian Law Reform Commission, which is in the midst of a three-year study on how the complexity of financial services regulation can be unraveled, Associate Professor of UNSW Scott Donald explained how political expediency in times of crisis results in reactionary and thoughtless legislation.

“The goal of the legislature is increasingly garish and urgent,” Donald said. “The political demands of responding to successive scandals and the publicity surrounding them have taken precedence over a more principled development of regulatory regimes. “

A similar tone was adopted by Samuel Walpole, a lawyer who previously acted as a consultant to the ALRC, who noted that statutory reforms such as FOFA “all appear to have stemmed from particular scandals or developments in the industry, or some kind of reactive event.

The general law appears to be an “attractive prophylaxis” for policymakers as a means of dealing with scandals, commented Walpole. Unfortunately, when the ideals of general law are translated into statutory norms, context is often lost, he says.

“Context matters,” he said. “The way some of these statutory obligations have been enacted does not in fact achieve what was perhaps sought in the kind of open and textured general standard of fiduciary law. “

Choose your own adventure

The ALRC has an uphill task – to assess how the Corporations Act could be made less complex, more efficient and more navigable for market participants – but it has not been afraid to make bold statements, including the possibility that Chapter 7 could be deleted from the law entirely, that the President of the ALRC, the Hon. Judge Sarah Derrington said it would provide a clear dividing line between the business lifecycle and consumer protection.

Delivering a brief speech on the panel, Melbourne Law School Associate Professor Rosemary Langford explained one of the ALRC’s early findings – that there is too much detail and complexity in the Corporations. Act.

“We might assume that more detail leads to greater clarity and easier compliance, however, as we’ve seen in the age of business and financial services regulation, the details often lead to complexity. and the need to recognize exceptions and qualifications, ”Langford said. , before using an example familiar to financial advisers.

“So what started out as a principled approach can eventually turn into a framework overloaded with exceptions and havens, and we can cite as an example the framework governing the best interests duty of financial advisers. “

Things tend to get cluttered over time in our day-to-day lives, Langford continued, and the Financial Services Act is no exception.

“The Corporations Act has been reformed many times over the years,” she said. “The clutter manifests itself at every level of the legislative hierarchy, namely primary legislation, regulations and legislative instruments, as well as the overlap that exists between each level. “

Langford noted that the much-maligned Corporations Act has “served us well” over the years, despite its length and complexity leading to some colorful characterizations.

“Academics have described the Corporations Act, and I quote, as’ unpleasant and unloved, obese, economically heavy, inconsistent and conceptually troubled,” she said.

ALRC lawyer Phoebe Tapley added that the proliferation of delegated legislation in statute makes navigation less than simple.

“I think the result of these piecemeal changes in law, regulations and ASIC instruments, is that navigating product disclosure requirements… is kind of like a Choose Your Own Adventure novel,” Tapley said. .

Tahn sharpe

Tahn Sharpe is a Sydney-based financial services journalist with a background in financial planning. He writes on consulting, retirement, investment, banking and insurance matters, is an SMSF Certified Advisor, and holds an Advanced Diploma in Financial Planning. Contact at [email protected]


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SILVER CLINIC | Can I deduct the expenses of a financial advisor from my life annuity income?

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No income tax is payable on the investment gains realized in the life annuity.

A Fin24 reader who was laid off in 2020 wants to know if he can deduct investment expenses from his life annuity income.

He writes:

I was made redundant last year and appointed a financial advisor for my life annuity investment.

Can I deduct the expenses of a financial advisor as well as the management and / or administration fees of the various LA funds against the income of the LA?

Hedley Lamarque, Financial Planner at BDO Wealth Advisers respond :

Unfortunately, for tax purposes, a person cannot deduct fees for advice, management / administration, etc. of his life annuity income.

A person pays tax only on the amount of income from the annuity (if the person’s total taxable income is above the tax threshold).

No income tax is payable on the investment gains realized in the life annuity.

It should also be remembered that a person would have benefited from a tax deduction, in previous years, for the contributions paid to the fund which gave rise to the life annuity, for example, retirement annuity, pension fund, etc.

Questions can be edited for brevity and clarity.

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Financial services progress towards opening up to women

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By Anna Rich

While there is still some way to go, the financial services industry has made major strides in opening up to women wishing to pursue a career in finance.

That’s the perspective of Llewellyn Paulse, Managing Director of The Recruitment Council, which serves the financial services and recruitment consulting industry. “Although financial services in insurance, wealth management, banking, finance and financial management have traditionally been a predominantly male career choice, we have seen a major shift in this space over the course of several years, ”said Paulse.

In part, he attributes the change to societal changes in gender roles. “Within the financial advisory industry, the playing field has been leveled between male and female professionals due to factors such as the need for dual family income, co-parenting and the increase in the number of women requiring counseling. on their finances, ”explains Paulse. “In addition, financial services and finance are among the top three sectors that women aspire to as a career choice. “

South Africa’s financial sector is an important provider of jobs and jobs for women. “There are 11,576 active Financial Services Provider (FSP) licenses registered with the Financial Services Conduct Authority (FSCA). Finance-related companies employ around 2.5 million people, according to figures from Statistics SA’s quarterly labor force survey for the first quarter of 2021. And of these employees, around 43% are women, ”explains Paulse. “It is encouraging to see this increase in female representation. “

In the financial planning sector, the most recent figures from the Financial Planning Institute (FPI) show that the proportion of women members of the Institute is currently 32%. The number of women with a relevant professional designation is 1,668, and among these, the number of those with the Certified Financial Planner (CFP) designation is 1,514. The proportion of black women is lower, but their number increases slightly each year.

Employers are making a concerted effort to appoint women. “Businesses across the industry – from financial advisory firms to blue chip companies, brokerage firms, wealth investment advisory firms and life insurance, short-term and commercial – stimulate the acquisition of candidates of all races, but black Africa. women in particular, ”says Paulse.

It is certainly not symbolic, he notes. “At The Recruitment Council, we see our role in this empowerment campaign as a ‘helping hand’ rather than ‘helping’ women in the financial services industry. Women have the opportunity to prove their worth.

And among black African women in particular, he sees immense untapped potential. “There are highly skilled and highly skilled women who have every right to lead, provide financial advice, manage teams and run businesses.

“We are excited to see how the demographics of black women in financial services are positively changing, with the emergence of dynamic, highly educated professional women able to command attention at the highest level, right down to the board of directors. “

When it comes to potential employees, the financial services and advisory recruiting industry requires careful attention to regulatory requirements. “PSF are indebted to a regulatory landscape,” explains Paulse. “This includes ‘fit and proper’ regulations (relating to honesty and integrity), retail distribution review (reforms that ensure that financial products are distributed in a manner that respects the principles of fair treatment. clients), annual continuing professional development (CPD); and many other aspects of compliance that are required by the Financial Sector Conduct Authority.

Women excel at obtaining academic qualifications and meeting regulatory requirements, says Paulse.

In his experience, the qualifications most in demand in the financial advisory industry are Certified Financial Planner (CFP); B.Comm in financial planning, investment management or economics; graduate degree in investment management; MBA; honors in actuarial science; and Certified Financial Analyst (CFA).

However, he says financial services companies are now looking beyond those qualifications. “We are noticing a trend in which companies are turning to the integration of candidates with atypical qualifications. This now allows candidates who previously could not enter the industry to be considered serious candidates in the market. “

Some examples of these qualifications are Bachelor of Arts and Law degrees, Bachelor of Commerce degrees in Entrepreneurship and Financial Journalism, and even Honors in Farm Management. And “atypical” qualifications are not limited to these.

Looking to the future, to ensure further transformation, Paulse says the following strategies need to be put in place:

  • An aggressive talent acquisition strategy for headhunting and recruiting women to ensure they are represented in the workplace.
  • Targeted, highly specialized and exclusive training academies to integrate newly qualified professionals.
  • Long-term succession planning in the areas of administration, advice, investment management and short-term insurance up to executive level to ensure long-term sustainable female representation.
  • Graduate and internship programs that will attract women with no work experience and expose them to all aspects of the sector.
  • Strong leadership and mentors for rising women to emulate.
  • Follow up on mentoring programs that will accelerate development, skills and career success for long-term retention.

PERSONAL FINANCES


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Financial planner: In-depth advice, including reverse mortgage, justifies a 1% fee

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A discussion in the financial planning community has emerged about the structure of compensation, illustrated by a recently published story on the validity and rationale for investment advisers charging a 1% fee on their assets under management for their advisory services. . However, one planner says the in-depth advice offered by his company – which in one case resulted in a client getting a reverse mortgage – justifies this fee structure.

That’s according to the story published last weekend in the Wall Street Journal.

Starting with the story of an investor who switched to advisers charging by the hour instead of a 1% figure based on assets under management, Keith Rudman, 62, describes a noticeable difference in the level of service he received and the money he received. saved by making such a jump.

“They provide a ton more services than my former financial advisers and they charge me between a 10th and a 20th as much,” he told the Journal.

This indicates a growing trend, according to the article written by Journalist Neal Templin.

“Mr. Rudman is among those investors who seek – and find – alternatives to traditional financial advisers who charge a certain percentage of assets under management,” the article read. Mutual funds and trading fees have declined over the past few years, the fees that registered investment advisers charge on portfolio balances have increased slightly. The average investor with $ 750,000 paid 1.04% of the assets invested in fees in 2020, up from 1.02% in 2015, according to Cerulli Associates, a research and consulting firm. Meanwhile, an investor with $ 10 million paid 0.62%, up from 0.54% .

However, not all advisors are created equal and there are those who feel that the services provided – as well as the depth of that service – are justified by a 1% fee. This includes services which, at least in one instance, resulted in a customer taking out a reverse mortgage.

“Advisors charging 1% believe their fees are worth it for investors who want or need a high level of service,” the article said. “Milo Benningfield of San Francisco considers himself much more than an asset manager, saying he immerses himself in the financial lives of his clients. For example, he says he found a reverse mortgage that was much cheaper for one and got a special loan for another so he didn’t have to sell stocks and pay taxes on the earnings. in capital.

The way consumers choose to manage their money can have a potentially significant impact on their financial security, according to the article, and the emerging compensation debate among financial advisers is just one example that may illustrate this.

Read the article in the Wall Street Journal, subscription required.


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Dayton Financial Advisor outlines the steps in their financial planning

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The Dayton Financial Advisor is a retirement planning company. In a recent article on the website, they outlined the basic steps of financial planning.

Beavercreek, OH – Financial advisor Dayton outlined the steps in their dayton financial planning services in a recent article on the website.

Designing a personalized plan is one of the most important parts of a financial strategy. Once the advisor understands the client’s financial goals, he will explore the investment strategy and avenues that best complement those goals. The team understands the importance of personalization because no two customers or situations are the same.

The next step is to implement the personalized and personalized plan. After learning and understanding everything unique to a client’s needs, the team will implement the strategies.

Review and follow-up is the last step in a financial plan. A financial plan is not set in stone. It is intentionally flexible. Life can change in an instant, and the dayton financial planning techniques must take this into account. The team can revise the plan to adapt to changes in the markets, political scene, economic climate or the client’s personal life.

About Dayton Financial Advisor

Dayton Financial Advisor is an independent retirement advisory group dedicated to helping people achieve their retirement goals. Being independent means that they provide access to many of the financial investment tools available. They are not only independent but also fiduciary. This means that the agency is required by law to put the welfare of the client above all else. What makes them unique is their commitment to providing service, not the amount of commission they can earn. They only work towards the ultimate success and the best interests of their clients.

Media contact
Company Name: Dayton Financial Advisor
Contact person: Media relations
E-mail: Send an email
Call: (937) 576-8939
Address:4031 Colonel Glenn Road
City: Castorcreek
State: OH
The country: United States
Website: http://financialadvisordayton.com/


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Financial advisor on a screen

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Since the pandemic hit India, those who follow the financial markets have often been baffled by the huge disconnect between what is happening in the stock markets and the devastation caused by Covid-19. The only segment of the economy that has apparently picked up on the pandemic has been the stock markets. After a first setback in March 2020, when the benchmark S&P BSE Sensex hit its calendar year low of 25,639, the market is on a roll, hitting its all-time high of 53,291 points in mid -July of this year. This galloping rise has led to another phenomenon: the arrival of thousands of new investors in the stock markets, eager for information and advice on how and where to invest. Consider the numbers: Brokerage firms have seen a million new accounts receivable opened each month of the current calendar year. Between FY19 and FY20, the share of retail investors in the overall cash market turnover rose from 39% to 45%, the largest increase ever in Indian stock markets, and the share remained at 45 % during FY21 as well.

A consequence of this massive growth in the number of new investors is the rise of a group of intelligent and articulate individuals, with YouTube as the preferred medium of communication, who present to these newbies the key concepts of investing and the markets. financial. And investors are flocking to these financial influencers – commonly known as influencers – in droves. These influencers aren’t just based in big cities. Some of the most popular – with millions of followers – come from small towns and villages. Yet the ease with which they communicate with the new herd of investors has caused their income, both from Google and through partnerships with several brokerage firms that use them to reach investors, to increase rapidly. It’s a win-win solution: Investors get much-needed financial information and advice, brokerage firms reach new potential clients, and influencers make big bucks. However, these financial influencers are careful not to give stock advice and are very careful when it comes to advice. In fact, some of them are also associated with the Securities and Exchange Board of India as registered investment advisers. The central idea, they all agree, is to familiarize the new investor with the basics of financial investing and planning. In the process, they also serve the purpose of financial inclusion.

Our cover article by Ashish Rukhaiyar takes a close look at this growing phenomenon of influencers in India, how they work, why they are popular, and how they give advice to investors.

On the markets, read Anand Adhikari’s analysis of Paytm’s multiple growth drivers in the upcoming major fintech initial public offering (IPO). We’re looking at whether Paytm’s engines will pull hard enough to justify the market interest that the IPO is already generating and the challenges it may face. I am also delighted to announce that Udayan Mukherjee, well-known financial market expert and editor-in-chief of global affairs, is starting his regular column, Animal Spirits, in this issue. It’s on page 14.


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