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Personal financial advisors provide advice on investments, insurance, mortgages, college savings, estate planning, taxes, and retirement to help individuals manage.
NEW YORK, March 12 (Reuters) – As part of the retirement planning process, financial advisers often help married couples prepare. assets are and what the tax consequences would be if they sell certain assets, but then I refer.
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First, many financial advisers who help people invest CPF savings through CPFIS are not independent. “These advisers can be employees of banks, of insurance firms – they have their own house products to sell. There may be better.
Busy executives and professionals can rarely devote the effort necessary to address the complex financial issues facing them and their families.
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There is no such understanding when it comes to financial services. Some financial advisors have a fiduciary duty requiring. Yet the same professional can sell the same client an annuity with high fees and high commissions, even if.
“Robo-advisors. The Financial Planning Association, Onefpa.org, has a searchable list of certified financial planners by ZIP Code. Look at how they charge: Some planners are fee-only and do not make money on the investments they sell.
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last week, many financial advisers promote inferior financial products to collect kickbacks—from pricey Caribbean vacations to gift cards and golf outings—offered by the companies that sell certain annuities. And what’s worse, that.
As financial advisory clients are increasingly turning to social media, wealth managers who aren’t following suit risk being left behind.
In a speech to the AARP, Obama said the rules are needed to better protect Americans from financial advisers who sell faulty advice in order to pocket commissions from big banks. "You should have the peace of mind that the advice you’re.
It’s been a long fought battle to achieve a new standard in financial planning, but more, not less reform is required to ensure financial advisers evolve beyond commission. staff to be “incentivised” to sell a wider range of products to.
There are nearly 176,000 people out there calling themselves financial advisors, according to the Bureau of Labor. (To find out about common credentials, www.designationcheck.com.) 4. The hard sell pays off…for them. The hard sell and.
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