The Financial Planning Evolution

The Financial Planning Evolution

The definition of a financial advisor has changed dramatically over the years. In the early years, a financial advisor was a glorified salesman for a broker-dealer. The salesman approach began to incorporate “financial planning” to help the agent dig for additional opportunities. Today we are seeing a shift towards what I would describe as “real […]

It is a great time to be young

It is a great time to be young

Quite often I have older people coming in romanticizing yesteryear and the interest rates they used to get at the bank. At this point it has become a joke with many people, and yet I still see people moving from bank to bank trying to catch an extra 0.10% in interest. Two things that these […]

Budgeting for people who can’t budget

Budgeting for people who can’t budget

Millennials are currently dealing with levels of debt not previously seen in past generations. Yellowbrick created an infographic that illustrates just how bad the debt load is in America right now. Outside of debt consolidation, the next best thing people can do is control their spending. A number of methods are coming out including using […]

3 Reasons Why Your Financial Advisor is Too Old

3 Reasons Why Your Financial Advisor is Too Old

Suitability vs Fiduciary In my previous post about the DoL ruling, I mentioned that as of this year your financial advisor is required to act as a fiduciary with regard to retirement accounts. Before the DOL ruling, financial advisors just needed to determine if an investment was suitable for a client. What does that tell […]