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Financial Planning Value By the Numbers

How much value does a fiduciary financial planner add to your investment portfolio each year? Four percent, according to Russell Investments’ 2017 update to the firm’s annual “value of an advisor” analysis. If you do the math quickly, that seems like an incredible deal. Since most financial planners charge a starting fee of around 1%, […]

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DOL Fiduciary Rule: Lower Fees, Unhappy Customers

I recently learned about an unexpected response to the new Department of Labor rule which mandates that all financial advisors and brokers act as fiduciaries (that is, in the best interest of the consumer) when dealing with customers’ retirement plans. This means brokers will be discouraged from selling high fee and commission products to a […]

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