Sentences with phrase «client of an advisor»

They might be a client of an advisor somewhere.

They might be a client of an advisor somewhere.

Not exact matches

Ian Russell says advisors and brokers will stratify, with a small base of clients paying premium fees for premium service — and robo - advisors for the rest

George Reilly, an advisor and owner at Safe Harbor Financial Advisors based outside of Washington, D.C., developed a series of tests that he runs for his clients a few years prior to their retirement.

«At first, we thought AMT repeal would be great for our clients,» said Leon LaBrecque, JD, CFP, managing partner and CEO of LJPR Financial Advisors.

Not only does it represent a potential conflict every time an advisor builds a portfolio for his clients, it also recalls some of the worst practices of the brokerage model - like «shelf space» fees wherein a mutual fund company engages in a payola of sorts to make it onto a brokerage firm's platform or «recommended list.»

As I have repeatedly said over the years, I do not believe that the overwhelming majority of advisors - be they wirehouse, hybrid, independent or RIA - have gotten into this business because they want to work against their clients.

Some Wall Street firms have pulled out of an agreement that sets rules for when advisors change firms, which could affect client rights.

Financial advisor Tom Balcom, founder of 1650 Wealth Management in Fort Lauderdale, Florida, said he has seen clients who take on their adult child's bills when the children lose their job.

Advisors should be able to directly answer your questions and have detailed, documented proof of fees; fiduciary standards; a client bill of rights and code of ethics; and a succession solution.

By limiting the number of new clients accepted each year, your advisor demonstrates the ability to provide each client with personalized service.

Advisors who strictly adhere to a code of ethics and client bill of rights have defined standards in place that they can share with clients.

Going to march on D.C.,» said Altfest, principal advisor and executive vice president of client relations at Altfest Personal Wealth Management.

Hauer of Wilson David Investment Advisors works with her clients to overcome their emotional issues around credit.

A survey of 10,000 households that use financial advisors found that more than half of advisor clients (51 percent) thought the advice they received was either free or they didn't know how much they paid for it.

One common piece of advice to potential financial advisor clients is that they ask their potential money manager about their «investment philosophy.»

«It's a blueprint, a guideline with the responsibilities of the client, the advisor and the custodian,» Mittra said.

Acorns is part of a trendy and growing industry of so - called robo - advisors, online - only financial advisors that steer clients» money into low - cost investments.

«I had some clients whose retirements were saved because of [variable annuity] contracts they purchased before the financial crisis,» said Marc Ruiz, a financial advisor with Oak Partners and a registered rep with SII Investments.

Indeed, the sale of high - commission annuities has been flagged as one of the more egregious ways that financial advisors fail to act in their clients» best interests.

While he has steered very few of his clients toward annuities recently, because of low interest rates and higher prices since the financial crisis, he thinks advisors who ignore all annuity offerings are failing their clients.

More from Investor Toolkit: Advisors offer clients «fatally flawed» advice Investing with borrowed money can be a big win Beware of online financial quick - fix stories

To proactively increase the effectiveness of potential references, he periodically sends current clients a series of questions and answers reminding them of what his advisors do and how they get paid.

Your qualified business advisor, who is experienced in helping clients prepare and sell their businesses, can give you a good indication of what the current state of the market is.

They'll request and review a lot of documents, including communications with the public and the type and extent of client information gathered by the advisor in order to make their investment recommendations.

Studies show two - thirds of advisors have no succession plan, but crafting one is key to ensuring peace of mind for clients and employees.

Of course, having more information on a client is a good thing, but it doesn't address the fact that human advisors are still more expensive than most online services.

As an advisor with a traditional wealth management firm, Ahluwalia witnessed a burgeoning need, which led him to co-found National Social Security Partners, a national network of advisors that provide outsourced Social Security income - maximization planning to clients of CPAs, law firms and banks.

Keller of the Certified Financial Planner Board of Standards expects the department will relax some of the disclosure requirements and modify the rules about communications between advisors and prospective clients and likely give firms more time to comply with the rule.

They also are in negotiations with other advisors who would be interested in using Hammond's firm as a succession partner to protect the value of their practices, both for their loved ones and their clients.

Financial advisor Carolyn McClanahan, director of financial planning at Life Planning Partners in Jacksonville, Florida, said the clients who say they don't want to retire often don't want to rein in their spending.

Adolfo Rodriguez, managing partner of the A / R Financial Group, has been focusing more and more on Social Security maximization over the past six years, conducting seminars for the public and for other advisors, as a service to their own clients.

Currently, registered investment advisors regulated by the Securities and Exchange Commission or state securities regulators are already held to a fiduciary standard of conduct under which they must act in their clients» best interests.

The new systems required to monitor advisors and produce better disclosures for clients will cost a lot of money — some of which will almost certainly be passed along to consumers.

The growth of robo - advisors has forced traditional advisor firms to strategize and rethink the services and value they provide to clients.

Essentially, they want to see that all these materials adequately and accurately reflect the operations of the firm; that the advisor is meeting his or her fiduciary duty by ensuring that the activities being undertaken in client portfolios are, at all times, in the client's best interests; and that the firm is supervising the activities of its staff and taking corrective actions when and if any deficiencies are found.

In light of Dow 20,000, advisors are cautioning clients to avoid hype and stick with tried - and - true, long - term investing tactics.

«Many of those clients are probably the same age as the advisor, and if they are looking for their teeth and glasses, they don't want to be looking for another advisor,» said Tibergien at Pershing Advisor Solutions.

As financial advisors, we pride ourselves on being the voice of fiscal reason for our clients.

Ileana Musa focuses on working with Bank of America's international financial advisors with goal - based wealth management experience for high - net worth clients.

With 70 percent of newly wealthy people going broke within a year, advisors caution clients to manage new money wisely — with their help.

Those clients will have regular access to an E * Trade account team: «If they want someone to validate what they're doing and look at their risk profiles, those advisors can do that,» says Rich Messina, SVP of Investment Product Management.

The potential tax benefits of these deals has led some financial advisors to pursue these investments on behalf of clients.

«Entrepreneurs should always have a trusted advisor or CFO who can see ahead and make decisions proactively rather than reactively,» Dusty Wunderlich, CEO of my client Bristlecone Holdings, tells me.

«Not only will Barry be a trusted advisor for our clients, he will also serve as a great mentor for our team of private bankers throughout the region.»

In a note sent to clients in July, Bob Eisenbeis, chief monetary economist at Cumberland Advisors, suggested incentives have become dangerously out of whack for traders.

Mallouk, president and CIO of Creative Planning, and Carson, CEO and founder of the Carson Group, both said they would tell Trump not to roll back regulations on the Department of Labor's fiduciary rule, which says if an advisor is working with a client on a retirement plan, they need to act in the client's best interest.

The Department of Labor passed a new rule earlier this year requiring that financial advisors who work with clients on retirement plans abide by a fiduciary standard.

As an advisor, I routinely help my clients by educating them about the complex world of finance — offering strategies to reach their goals, while navigating potential challenges and obstacles.

At Wealthfront — the largest robo - advisor, with $ 2 billion - plus in assets under management — 90 percent of the firm's 21,000 - plus accounts come from clients under age 50.