Financial planners and the services they offer continue to evolve. In the current financial planning environment, there are three main ways a financial advisor gets paid. They can be paid a commission on a product they sell; they can be paid a fee based on a percentage of the assets they are managing for you (referred to as Assets Under Management or AUM); or they can charge a fee for comprehensive financial planning. This last fee can be
There are no shortage of people calling themselves financial planners or financial advisors, so as a consumer it can be tough to decide which one is right for you. In this article, I will talk about the different kinds of planners that are out there, why I chose to be a fiduciary, and finally what I as a financial planner can do for you.
by John Cooney on Sep 14, 2017
When people find out that I am a financial advisor, the first question I am usually asked is “What should I invest in?” or something close to that. My answer is almost always the same, “What is it you are investing for?” If your advisor is telling you what to invest in, before you have talked about what you are investing for, I highly recommend you find another advisor. When I think about investing, I often think back to my military education days and learning about the three levels of war; Strategic, Operational, and Tactical.