The financial services industry makes it complicated for consumers to choose the right advisor and model. So how do you source and vet out the right advisor for you? Before placing your financial future in the hands of someone else, make sure you do your due diligence on them and their model well in advance.
What does a team approach add to the mix? Even the smartest, most experienced advisor is human, like anyone else. To avoid succumbing to myopic decision-making, it’s a wise person who routinely stress-tests his or her thought processes, seeking the input of others to objectively validate or refute good or bad ideas.
A recent SEC overhaul has downplayed rather than strengthened the significance of fiduciary with a new industry standard, paradoxically called “Regulation Best Interest.” It has become harder instead of easier for you to know when you are receiving this level of care … and just as significantly, when you are not.
The current low interest rate environment has many investors reaching for yield by moving into longer-term, lower-quality bonds. But the fruits of that decision might not be as sweet as expected. Consider these 3 factors.
Your investment portfolio is no doubt an important driver of achieving your overall financial plan. If you're anything like me, you want your investment portfolio to be as high-achieving as you are.
The stock market has offered a high average return historically, and it can be an important ally in helping investors reach their goals. Getting capital into stocks, whether gradually or all at once, puts the holder in position to reap the potential benefits.