When it comes to working with a financial advisor, Advice-Only is above and beyond Fee-Only. Advice-Only means: 1. The advisor’s firm is a
Advice-Only dawned on me when I had a problem with my air conditioner. Even though the thermostat was switched to OFF inside, the "engine" outside
At a high level, this is how it works: 1. I help you find Advice-Only advisor candidates. See What Is Advice-Only? How Are Advisor
Advisors run their businesses independently. Each advisor's practice can be different. Here I'm describing the general practice. Get-Acquainted
All Advice-Only financial advisors who pass my screening must have a CFP® or equivalent credential. The vast majority have the CFP® credential itself.
The first round of search and screening is focused on the business model. The advisor and the advisor's practice must meet all 7 Advice-Only criteria
In any metro area, there are far fewer Advice-Only financial advisors than advisors who sell products for commissions or advisors who manage your
In general Advice-Only financial advisors offer planning services in all subject areas covered by the CFP® principal knowledge topics. I'm listing
Yes and no. An Advice-Only financial advisor will help you construct a diversified portfolio with an appropriate level of risk acceptable to you.
Because Advice-Only financial advisors only sell their advice, they typically don't require any minimum assets or minimum income. Because they
Some do, partly based on their own stage in life and partly driven by their clients and client referrals. Some Advice-Only financial advisors work
Once you get the advice from your Advice-Only financial advisor, implementing the advice is easy. In my Advice-Only manifesto Advice-Only: The Best
When you work with an Advice-Only financial advisor, you have confidence the advisor only works to your best interest. Gather and Supply
Rebalancing means selling some investments and buying some other investments in order to return your asset allocation to the desired percentages. Tax
No. Friends, family, co-workers, or neighbors are not reliable sources for financial advisor recommendations. They don't have a good basis on which to
Absolutely. There's no secret in how to find Advice-Only financial advisors nor any shortcut. You just have to look at each advisor and determine