Certifications are voluntary for financial advisors to acquire. So, what’s the difference between licenses and certifications for financial advisors? An analogy I like to use is to think about when you got your driver’s license. There was the written test and the actual driving test.
You may not know this, but your financial plan may not be the most valuable part of your investments. Here's why...
Your financial advisor should be giving you advice in your best interests. Unfortunately, some “advisors” are only salespeople who are selling investments that result in high fees and commissions for themselves, lining their pockets rather than maximizing your retirement savings.
Colorado State legislators are pursuing House Bill 17-1253, Protect Seniors From Financial Abuse Concerning the 'Protection of Vulnerable Adults from Financial Exploitation Act'.
“Is the death benefit from a life insurance policy owned by an individual considered income tax-free?” This is one of 38 questions posed by the American College of Financial Services in a retirement literacy quiz. The ACFS presented this quiz to over 1,200 retirement-age U.S. adults who have at least $100,000 in household assets.
If you’ve ever seen the movie Moneyball starring Brad Pitt and Jonah Hill, you may remember Pitt’s character Billy Beane say, “I hate losing! I hate losing more than I even wanna win!” Of course, he was talking about baseball, but there’s a more valuable loss that hurts investors: losing money.
As financial advisors we receive many of the same questions from investors. We also hear some questions that make us wonder what investors have experienced in their past with investing. Here are a few questions we believe are bad to ask your financial advisor. We believe these questions are ‘bad’ not because the investor is in the wrong, but because these questions come from a misinformed way of thinking about investing.
