By: Matthew Arndt, CFA, CPA, CFP | February 22, 2010 | Financial Advisors, How to Select Advisors
When it comes to their money investors must thoroughly investigate the adviser’s credentials; whether the adviser is held to a fiduciary standard (not just a suitability standard); and whether there are any material conflicts of interest that would exist with the investor/adviser relationship.
There are many investment credentials out there and sorting through them can [...]
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By: Matthew Arndt, CFA, CPA, CFP | February 16, 2010 | How to Select Advisors, The Regulators
Many investors are confused about the term investment advice and the different types of professionals who can provide it. Most investors do not understand the differences between investment adviser representatives or brokers calling themselves financial advisers; and the standard of care they think they are receiving from each.
Fee only investment advisers are legally obligated [...]
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By: Matthew Arndt, CFA, CPA, CFP | December 2, 2009 | Financial Advisors, Investor Information
On the surface, a broker and a fee-based adviser look exactly the same to most investors. In the investors mind the distance between the two is quite narrow, but in reality the structuring of their incentives are vastly different with significant implications. In a former post, “Ripped Off: Who is Paying Your Financial Advisor”, someone [...]
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