Submitted by Vincent Trivett on Tue, 05/21/2013 - 3:00pm
When H. Robert Bradley and his partners founded NorthLanding Financial Partners, an independent registered investment advisory firm in Rochester, N.Y., they chose the name of the firm very carefully. The last thing they wanted to do was to call their firm a “wealth manager.”
Submitted by Elizabeth Anderson on Wed, 05/01/2013 - 9:00am
Over the course of your investing life, you will probably hear a large number of misstatements, partial truths, and out-and-out whoppers about investing. These ideas are typically part of a well-rehearsed sales pitch, often by someone who has a financial interest in getting investors to believe them.
They sound very seductive. Some ideas are bandied about so widely that they become folk wisdom.
Submitted by Sterling Raskie on Mon, 04/29/2013 - 3:00pm
When you first meet with a financial advisor, it’s important to ask not only how much his or her fees are, but who actually pays. An advisor’s compensation method can affect the type of advice you get, so you should understand the differences before you choose who to hire.
There are three basic ways financial advisors and planners are compensated: Commissions, fees and a combination of both. Neither is absolutely more or less expensive for you.
Here is what makes them different and relevant to you as an investor.
Submitted by Jonathan DeYoe on Wed, 04/17/2013 - 3:00pm
The financial services industry is unquestionably male dominated, and often stereotypes women as innocent wanderers. This is a mistake, and it’s one that all advisors and investors should realize.
Just last year, an old friend and new client told me that her prior advisors always “talked down to her” and “made me feel like an outsider.” She said, “They always ignored me when I was with my husband, and treated me like an infant when I was alone.”
Submitted by Vincent Trivett on Tue, 04/16/2013 - 3:00pm
Blair Hodgson DuQuesnay disproves a well-circulated myth: that financial planning is the exclusive province of gray-headed advisors who cater to middle-aged and elderly clients with fat wallets.
The 31-year-old advisor just founded her own independent registered investment advisor business that caters to young professionals in New Orleans. She believes that advisors neglect to harness the power of the Web and ignore younger investors at their own peril. Clients in Generation X and Y are tomorrow’s well-heeled set.
Submitted by Jonathan DeYoe on Mon, 04/08/2013 - 3:00pm
Finding a good advisor is only half of a fruitful advisor-client relationship. Being a good client can help you increase your wealth because some advisors do just a little bit more for great clients who are easy to work with.
Here are a few guidelines for doing your part to build a good relationship with your advisor.
Submitted by Jonathan DeYoe on Thu, 04/04/2013 - 12:00pm
Being a good client is just as important as finding a capable advisor. One of the key traits of a good client is willingness to stick to a portfolio for the long-term and trust the advisor’s recommendations.
While finding an educated, experienced and ethical advisor is very important, it’s only half the story. Of course, a good advisor can positively influence a client’s behavior, but the client ultimately makes the decisions that lead to success.
Submitted by Maureen Crimmins on Tue, 03/26/2013 - 3:00pm
It is easy to put off doing even the most vital steps, like financial planning. Things that we fear the most sometimes lead us to procrastinate. Putting off important decisions can really catch up to you, especially in the realm of personal finance.
If you are guilty of procrastination, you certainly aren’t alone. I am very good at stalling on important life steps, and I am not proud of it. The things that I don’t like to do end up on backburner for quite some time.
Submitted by Larry Frank Sr. on Thu, 03/21/2013 - 12:00pm
Financial planning, investment advice and retirement planning are different services that financial advisors give. They overlap and reinforce one another, and they each are vital. But it pays to know what you get and what you need.
When choosing an advisor, pay attention to the advisors’ pay structure and also whether they take control of your assets – to make sure that their work focuses more on planning for goals rather than just investing.