Imagine starting a road trip with your family without any destination in mind. Are you heading to the mountains or the beach? What road should you take to get your final destination? Not knowing your destination means you have little to no plan on where you’re going. Even a poorly planned road trip can be missing crucial details.
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'.
