For most individuals, the benefits of working with a financial advisor are clear. They include better financial outcomes, time savings, and peace of mind knowing that you are working with a trusted professional. But how about the costs? Because costs can be difficult to decipher, we present a primer on the price of advice.
In the US, we embrace the idea that professional service providers are required to act in our best interest. We expect this behavior from our doctors and lawyers who face stiff fines or suspension for failing to abide by professional standards. In the financial services industry, it’s not that clear, and there are two legal standards.
Our company name borrows from the Laurentide Ice Sheet, the massive formation that shaped the geography of North America. We aspire to be as resolute and purposeful in shaping your financial environment
As we age cognitive skills decline in varying degree. This dynamic process specifically impacts well-being and how society assimulates and protects seniors. Skills affected can include motor skill, the ability to learn new information, reaction time and memory. Reviewing the ways in which cognitive aging could affect individuals provides useful insight for policymakers, financial planners, career counselors and the individuals themselves.
When it comes to your money, how well your investments do is often out of your direct control. But who you choose to manage your money and form a partnership with is. If you are considering working with an advisor or making a change, you’ll want to interview candidates carefully and ask the following ten questions.
When we act as a steward we actively direct affairs and take responsibility. As a steward of the land, a forester develops and executes tree management plans to ensure a healthy ecosystem. In financial situations, a steward cares for assets and works to ensure the future. Stewardship responsibility is often taken on as a moral duty. Acting as a financial steward will help you, your family and future generations work for better outcomes. Here are five characteristics a financial steward should embrace:
How do you know if your retirement savings program is on track? Can you tell if your investments are doing what you need them to do? One way is through appropriate benchmark selection and performance monitoring.
In reaction to the latest bout of market volatility, Jack Bogle, of Vanguard commented: “I’ve never seen anything like this.” Could the founder of passive investing and the firm that dominates the $4.6 trillion ETF market, which makes frequent trading cheap and easy, be part of the problem?