- How Advisors Keep Investors on Track During a Market Selloff
Retirement investors working with advisors generally displayed more disciplined investing behavior than other types of investors, according to a recent study of self-directed brokerage accounts by Charles Schwab. Investors with “advised accounts” tended to have a more diversified asset mix,… read more…
- How to Find a CFA: Financial Advisor Guide
A CFA or chartered financial analyst is a professional who offers investment advice and portfolio management. Their focus, which is on analyzing specific securities and various financial reports, is distinct from but complementary of the focus that financial planners have. All CFAs… read more…
- Commercial Banking vs. Investment Banking
Commercial banks and investment banks have similar names, but the overlap largely ends there. A commercial bank is a depository and lending institution that mainly works with business clients. Typically these firms specialize in small- and mid-sized businesses, although they can… read more…
- Unclaimed Money From Deceased Relatives
Receiving an inheritance, whether it’s expected or unexpected, can help to improve your financial outlook. But through poor oversight or lack of planning, an inheritance could be temporarily displaced. It’s possible that you may have unclaimed money from deceased relatives… read more…
- What Is a Family Trust, and How Do You Set One Up?
Trusts are used to manage estate taxes, shelter assets from creditors and pass on wealth to future generations. A family trust is a specific type of trust that families can use to create a financial legacy for years to come.… read more…
- Financial Advisors for Social Security
When it comes to getting ready for retirement, there are many questions surrounding Social Security. Some of the most important include deciding how Social Security payments will fit into your overall retirement income plan and figuring out when to start… read more…
- Americans Say $516K Needed to Achieve Financial Wellness
The key to financial wellness may be a cool half mil. Though the factors determining financial stability may be different to each investor and retirement saver, a recent Empower Retirement and Personal Capital survey found that most Americans believe it… read more…
- Here’s How Biden’s Student Loan Forgiveness Can Boost Your Retirement and Financial Stability
After many months of rumors and significant pressure from his left flank in the Democratic Party, President Joe Biden recently announced a plan to relieve the student debt pressure that many younger adults say is keeping them from achieving their… read more…
- Plan Sponsors Want These 3 Services From New Advisors, Fidelity Says
A new Fidelity survey finds that a record-high number of plan sponsors are searching for new advisors. The study, now in its 13th edition, found that 47% of sponsors were seeking new advisors, up from 34% in 2021. Sponsors noted… read more…
- Ask an Advisor: Can My New Wife Draw on Her Ex’s Social Security?
Can my new wife draw on her ex-spouse’s Social Security in any circumstance after remarrying? Specifically, during the one-year waiting period for my wife to collect on my record, can she collect on an ex-spouse’s record? Or can my wife… read more…
- Do You Need a Financial Advisor Before Buying a House?
Buying a home is one of the biggest financial decisions that a person can make. Not only can it involve taking on a big mortgage, but the monthly expenses can also affect your budget and ability to save for your… read more…
- What Is a Financial Institution?
A financial institution is an entity that engages significantly in finance-related activities. These activities include such easily recognized examples as taking deposits and making loans as well as less-obvious ones like collecting debts and keeping records of consumers’ credit histories.… read more…
- What Is a 3(38) Fiduciary?
Most tax-advantaged retirement accounts are defined by ERISA, the “Employee Retirement Income Security Act.” This statute outlines how programs like 401(k)s work, including the laws around how those accounts operate, and defines three main types of financial advisors. These are… read more…
- Inflation Stimulus Checks: State-by-State Guide
Inflation has been running wild across the country throughout 2022. With costs soaring, it’s easy to feel the pressure on your household budget because the reality is that your paycheck cannot buy as much as it used to. That’s why… read more…
- What Is a 3(21) Fiduciary?
When you open a 401(k) retirement plan, it typically comes with a series of advisors who help your business manage that account. Specifically there are three main types of 401(k) advisors, or “fiduciaries,” charged with managing your investments: 3(16), 3(21)… read more…
- Why Financial Planning Is Important
Planning for the financial future helps people in many ways, including improving their ability to set goals, budget, save, borrow wisely, invest, manage risk and taxes, plan their estates and more. People who create financial plans are better able to… read more…
- Ask an Advisor: I have $225K in the Stock Market. Should I Cash Out Some of It?
I currently have approximately $225,000 invested in the stock market. Most of that is in conservative stocks and bonds. Do you have an opinion about staying the course or liquidating all or a portion for a few months or years… read more…
- Financial Advisors for Federal Government Employees
Federal employees have unique needs when it comes to financial and retirement planning. Because of these unique concerns, financial advisors who work with them should have a special understanding of federal government employees’ benefits. Such advisors can help U.S. government… read more…
- Ask An Advisor: I Live on Social Security and Food Stamps. Can I Protect My Investments in a Down Market?
I’m retired and living on Social Security and food stamps. I have all my money in two conservative retirement accounts. I cannot contribute any money to them. I plan on taking distributions in five years. What’s the best course of… read more…
- Industry Group Pushes to Regulate Who’s a ‘Financial Planner’ – Could Consumers Benefit?
The Financial Planning Association (FPA) announced that it will lead a multiyear advocacy effort to get legal recognition for the term “financial planner.” This organization is a top membership and trade association for certified financial planners (CFPs) and others engaged in… read more…
- Financial Advisors for Athletes
Professional athletes need financial advice. Perhaps more than any other career, athletes suffer from a boom-and-bust lifestyle. For the highly-paid professionals in leagues like the NFL, NBA and MLB, these players can be extraordinarily wealthy by the age of 25. Yet… read more…
- Financial Advisors for Doctors (Physicians)
Doctors, as just about anyone in the medical field will tell you, aren’t always great with money. They can be brilliant with the human body and empathetic in their bedside manner. They can be relentlessly clever when it comes to stitching… read more…
- Financial Consultant vs. Financial Advisor
Financial advisors and financial consultants are broadly interchangeable job titles for financial professionals who help individuals and organizations manage money. Someone carrying either title may assist with preparing and executing strategies for budgeting, saving, investing, retirement planning, risk management, borrowing… read more…
- Financial Advisor vs. Self-Investing
Self-investing is the act of making your own investment choices instead of hiring a professional, such as a financial advisor. This can help you save on professional fees but it could cost you. Working with a financial advisor can increase… read more…
- Advisors Eye SEC’s New Conflict of Interest Guidance
The Securities and Exchange Commission (SEC) has issued new guidance for brokers, firms and financial professionals to avoid conflicts of interest with clients. The staff bulletin aims to help firms and professionals comply with their obligations to provide advice and… read more…