Dealing with Financial Advisors

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Invest Like a Girl

Submitted by Maureen Crimmins on Monday, October 27, 2014 - 3:00pm

Patience is a virtue. When it comes to investing, that’s why women often do better than men.

My household is filled with girls. When raising them, my husband and I always tell them that their gender does not limit them. They can do anything they choose; that means playing softball and soccer, dancing, shoveling in the winter and landscaping in the spring. If you still think doing something “like a girl” is a bad thing, watch this latest ad by Always.

A Week Focused on Advisors

Submitted by Larry Light on Saturday, October 4, 2014 - 9:00am

AdviceIQ has a central credo: Everyone should have a financial advisor. But not just any advisor – a good advisor, and the right one for you. So for one week in New York’s Times Square, Sept. 15-19, our company, AIQ Inc. put on National Financial Advisor Week.

This was an intensively practical forum to inform the public about personal finance – about how to deal with matters that affect their lives, ranging from funding a retirement to paying for higher education. And about how to get the best guidance on these crucial issues.

An Advisor for Everyone

Submitted by David Geracioti on Sunday, October 5, 2014 - 3:00pm

There are many different financial advisors catering to different kinds of investors, including those with few assets, which may surprise some people.

At a panel of advisors, they discussed the different compensation models to choose from – some charge one-time fees for a financial plan (that often appeals to the self-directed-investing-leaning individual); others charge fees based on assets, typically 1% yearly; and some charge commissions for individual transactions.

The Advisor Team Approach

Submitted by Jeff Stimpson on Saturday, October 4, 2014 - 3:00pm

The do-it-all professional who plans your financial future appears as quaint – and rare – these days as the old country doctor who cured all ills. Today’s good advisors can help you sort out your myriad money details by tapping a network of experts in law, estate planning, taxes, insurance and other fields.

How to Afford Retirement

Submitted by David Geracioti on Saturday, October 4, 2014 - 12:00pm

The methods of building a secure retirement income, which include wise use of Social Security and amassing sufficient savings, are complex. A smart financial planner can help you do it, according to a panel of advisors.

Invest in Private Companies?

Submitted by David Geracioti on Wednesday, October 8, 2014 - 3:00pm

Should you invest in non-public companies? A lot of people are doing that, via privately issued equities and debt instruments; hedge funds, venture capital funds and limited partnerships are also popular non-public companies.

This trend includes a broad swath of industries, just not tech companies. Banking is the largest in dollar terms. An advisor presentation on private investing, as part of National Financial Advisor Week, noted that this arena is an increasingly popular and profitable one.

The Rich and Their Advisors

Submitted by Cherice Chen on Tuesday, September 30, 2014 - 3:00pm

Rich people have different problems. For the more affluent, the financial planning process is more complicated. That’s why this clientele often turns to a team of professionals.

But there typically is one central advisors to play quarterback, coordinating the efforts of such experts as accountants, real estate attorneys, estate planning attorneys, said Stephen Stabile, senior vice president and wealth management advisor at Merrill Lynch, in an advisor panel.

The Future of Financial Advice

Submitted by Jeff Stimpson on Monday, September 29, 2014 - 3:00pm

Financial planning looms in everyone’s life, including yours. Not all money advisors are created equal, though. Does yours do the best job for you – and how can you contribute to making your own plan?

“Is your advisor asking you, the investor, the right questions? Is the investor asking the right questions of the advisor?” said Jeffrey Vivacqua, senior vice president of business strategy at the Fairfield, Iowa-based broker-dealer Cambridge Investment Research, speaking at a recent advisory panel.

Save ‘Enough’ for Retirement

Submitted by Jeff Stimpson on Saturday, September 27, 2014 - 9:00am

Your looming retirement can change your idea of just how much money you need to save for your later years. Most important: be realistic and avoid common planning pitfalls.

“‘What’s money mean to you?’ gives most people pause,” said Eric Hutchinson, president of Hutchinson Financial in Little Rock and Bentonville, Ark., and in Texarkana, Texas, speaking at a recent advisory panel. “Most people [say] they don’t want a whole bunch of money; they want ‘enough.’ They begin to use words like ‘comfort’ and ‘peace of mind.’”

Planning Beyond Investing

Submitted by Jeff Stimpson on Wednesday, September 24, 2014 - 3:00pm

Financial advisors can reach far beyond a portfolio and investments. Most people have no idea that advisors can assist with matters as diverse as estate plans and insurance, to ensuring you invest with your head and not always your heart.

“Emotions will overcome economic considerations every time,” said Tim Maurer, wealth advisor with Buckingham Asset Management and director of personal finance for the BAM ALLIANCE, speaking on a recent advisory panel.

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