I am quite sure that an intelligent investor who never made the common mistakes could avoid
the fees of a professional advisor.
Not exact matches
Brian Graff, CEO
of the American Society
of Pension
Professionals and Actuaries, stated that the White House on Monday «launched an attack on
advisors and so - called «hidden
fees» and «backdoor payments» by moving forward with a regulation that has its own hidden backdoor effect — keeping many Americans from working with the trusted
advisor of their choice, even in the critical decision regarding rollovers from their 401 (k) and 403 (b) plans.»
With that likely outcome, let's take a look across the big pond to see what happened when the United Kingdom banned commissions in favor
of fee - for - service compensation.The UK's Association
of Professional Financial
Advisors, recently completed their third edition
of The Financial Advisor Market: In Numbers.
Glen Martin, David Hunter and Susan Cook all hold the Certified Financial Planner (CFP ®) designation and we are also members
of NAPFA, the country's leading
professional association
of Fee - Only financial
advisors.
In contrast to the usual
professional portfolio manager, who may charge 1 per cent up front plus transactions
fees and perhaps a layer
of mutual funds
fees up to the average level
of 2.6 per cent for stock mutual funds, robo
advisors may just offer very low
fee exchange traded funds and a very low robo charge.
NAPFA is a
professional association
of Fee - Only financial
advisors who provide comprehensive objective financial advice.
Because
of the easy access and lower
fee models for
professional financial management, more consumers may choose robo -
advisors»
professional management in lieu
of the DIY model.
Hypothetical Returns Before and After
Fees (AKA Hypo): When you see «fees» in all of this, it means investment management fees that a professional advisor would charge their clie
Fees (AKA Hypo): When you see «
fees» in all of this, it means investment management fees that a professional advisor would charge their clie
fees» in all
of this, it means investment management
fees that a professional advisor would charge their clie
fees that a
professional advisor would charge their clients.
Socially Responsive Investing
Professional, CERTIFIED FINANCIAL PLANNER ™,
Fee - only
advisor, healthy honeybee advocate, Inspired Investing I firmly believe you can change your life by creating new ways
of thinking and being with your money.
The only advice that can be construed as emanating from an actual
professional advisor is advice given out for a fixed hourly
fee by an educated and honest
advisor who does «not» have an immediate vested interest (a commission) in the future behaviour
of one's client.