Some financial advisors decided to voluntarily move to a fiduciary standard or more heavily promote that they already operated under that standard. Others, such as certified financial planners™(CFPs), already adhered to this standard. But even underthe DOL rule, the fiduciary standardwould not ha...
A small business financial planner can create a comprehensive succession plan to safeguard the financial health of the business. “This could be as simple as a life insurance policy to more complex things like a contingency agreement with another business to buy the owner’s family out in the ...
Annuities are financial contracts offered by insurance companies, providing a guaranteed income stream to individuals during retirement. While annuities can offer benefits such as tax-deferred growth and lifetime income, it’s important to understand why financial advisors are inclined to push annuities....
We attended a financial industry conference where the speaker asked how many people in the audience used a financial advisor. Most hands in the room went up. It was surprising on the surface: a room full of financial advisors, that many were working with a financial advisor. What they realiz...
and I do sell annuities if they're appropriate and suitable. If you want to connect with us,visit our websiteto learn about annuities and use our proprietaryannuity calculators. The question you have, which is a question that should be asked more often, is why do financial advisors hate an...
A small business financial planner can create a comprehensive succession plan to safeguard the financial health of the business. “This could be as simple as a life insurance policy to more complex things like a contingency agreement with another business to buy the owner’s family out in the ...
The article discusses the challenges and the profitability for insurance agents and financial advisors in selling disability income (DI) insurance. Selling life insurance is much simpler than selling DI insurance because here, there are many factors to consider. However, once a DI insurance policy ...
Financial advisors offer an array of services. Consider which ones you need before hiring an advisor. They include: Investment strategy Insurance recommendations Retirement planning Tax planning College planning Estate planning Debt management Budgeting help ...
Types of Financial Advisors Depending on your needs, there are several different professionals out there who can help you to reach your goals. Financial Planners For general money advice — including anything from investments and retirement to life insurance to savings to taxes toestate planning— a...
Before you hire a financial advisor, you should evaluate your own financial situation and understand the types of advisors that exist. This is how to decide if you need a financial advisor.