Titles Matter Less Than Compensation Method

When it comes to financial advice, there’s a lot of ambiguity surrounding titles. The list is a mile long and includes names like: financial consultant, fee-based advisor, account executive, associate, financial advisor, investment adviser, financial planner, wealth manager, and on and on. A humongous mistake made by investors is assuming that all of these titles mean the […]

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Broker? Or Adviser?

In a recent article on the blog, I Heart Wall Street, the topic of broker versus adviser was brought up yet again.  This is a reoccurring topic within the industry, and it’s mostly due to the continued confusion surrounding it.  We feel this is a very important topic for investors to research. The primary difference between […]

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Important Questions to Ask an Advisor

So you’ve found an investment advisor you’re potentially interested in working with, sounds great. What are the important questions you need to ask him or her before getting started? As an advisor, I know a few questions that investors absolutely need to ask. Unfortunately, these aren’t always the questions that get asked. What Should I […]

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Fee-Based Advisors: Working for You or Their Firm?

http://media.blubrry.com/invest/p/content.blubrry.com/invest/Fee-Based_Advisors_Working_for_You_or_Their_Firm.mp3 “Fee-based…fee-only…same thing, right?”. We’ve heard this before, and if it sounds correct to you then the brokerage industry’s obfuscation has succeeded. Just last week, Tom and Brendan discussed why you need to ask how your advisor is compensated. With so many advisors taking the dually-registered route these days, it’s integral that you understand their […]

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Why You Need to Ask How Your Advisor is Compensated

http://media.blubrry.com/invest/p/content.blubrry.com/invest/Why_You_Need_to_Ask_How_Your_Advisor_is_Compensated.mp3 Let’s lay out a hypothetical situation here: You haven’t been feeling well and decide that a trip to your doctor is in order. After describing your symptoms to the doctor, they decide to prescribe you Drug A for treatment. You thank the doctor, fill your prescription and move on. Two weeks later, you find […]

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