Understanding Financial Advisor Compensation Models How to Find an Advisor That’s Best for You If there ever was a confusing profession to the public, a Financial Advisor compensation would have to be near the top of the list. With a dizzying array of designations, it’s almost impossible to distinguish one Advisor from another. Even those
I often get asked why I don’t have client testimonials on my website. The answer is that a fiduciary is not allowed to post testimonials on their website according to SEC rules. As a fiduciary, we must meet the legal requirements established by the SEC or face stiff repercussions. In the case of testimonials, it’s
One of the most talked about items in the financial industry today is what is a fiduciary and what questions should a client ask their financial advisor. Here is a 2-min video that captures the essence of fee-only, fiduciary, and independent: This video should help you formulate some questions that you can ask your advisor.
After about 5 years under development, the Department of Labor released its long-awaited fiduciary rule, which extends the fiduciary standard to those who advise clients on individual retirement accounts, 401(k) assets and other qualified retirement savings. Registered investment advisor (RIA) firms, such as Garrett Investment Advisors, have always been subject to a fiduciary standard under