fbpx

Tag: Financial Advisor

No Financial Guru Has All the Answers

Three years ago I wrote a column critical of some investing advice offered by Dave Ramsey, the radio show host who specializes in helping people follow budgets and pay off debt. I have a great deal of respect for Ramsey and recommend his books, but on this particular...

No New Oversight for Financial Planners

The results of the study commissioned by South Dakota Senator Tim Johnson are in:  the status quo regarding government oversight of financial advisors is adequate and no change is needed. The bottom line is this:  sales people touting their financial...

Why Financial Planners Need Planners

Watch this video on YouTube Would you be comfortable taking weight-loss advice from a dietician or a fitness trainer who was overweight? Would you trust a surgeon who was unwilling to be a patient in the hospital to which he sent his patients? Probably not. Yet...

Financial Planning Fees You See and Those You Don’t

Watch this video on YouTube Not long ago I was meeting with a couple who were relatively new clients. We were going over data on a recent mutual fund investment, and I commented that I was surprised to see the fund offered a commission of 2.25%. As a fee-only...

Is Your Financial Planner a Millionaire? Should You Care?

Lately, I’ve been asking financial professionals this question: “Should your clients care whether you’re a millionaire?” I’ve asked financial planners, financial therapists, and clients. The responses were varied, given with considerable...