Strada’s Fiduciary Oath - So what?

Strada’s Fiduciary Oath  - So what?

Not a month goes by, when I open an industry magazine, such as Investment News or Financial Planning, and find articles asking the same three questions: 1. What is a fiduciary? 2. Who is a fiduciary? and 3. Who claims to be one?  

There is so much internal churn about how we, as investment professionals, call ourselves, present ourselves and where our interests align – brokers, advisors, financial planners and wealth manager. However, the public lacks understanding of these various terms. After all, do you know what all these "professional titles" mean?

Who Is an Advisory?

When Clients Divorce

When Clients Divorce

I was recently consulted for and article in Advisor Solutions. We discusses how to help clients through the transition of divorce. I specifically spoke on why advisors should wait until after a divorce is completed before advising clients. 

Below is an excerpt. Read the entire article here.

When Clients Divorce
How to help clients through the transition By Richard Stolz 

A client has just called to tell you that he or she is getting divorced, but neither spouse has considered the financial implications. 

Update Your Risk Profile with Your Investment Advisor

Update Your Risk Profile with Your Investment Advisor

Investment professionals are responsible to help investors continually determine what level and kind of risk they are willing to take with their investments.

In order to determine a client’s risk appetite, investment professionals often ask a client to complete a risk profile questionnaire. It’s a standard financial planning form and each firm typically develops their own or uses someone else’s. These questionnaires are typically 7 to 10 questions that attempt to measure the investor’s thoughts on the risks in the marketplace and how it might affect them inside their portfolio.

Did You Say “I Do?” Here’s How to Change Your Last Name

Did You Say “I Do?” Here’s How to Change Your Last Name

The most important thing to remember about changing your name is that it requires patience.

If you decide to take the name of your spouse, you will have to inform many different people and organizations. There is a certain order you should adhere to when doing this: 1. Government agencies; 2. Financial institutions; 3. Insurance companies; and 4. Cable companies, phone companies, etc; 5. Your employer

Qualifying for a Mortgage after Divorce -- OK -- What about While Waiting for the Decree?

Qualifying for a Mortgage after Divorce -- OK -- What about While Waiting for the Decree?

 

When people are considering a divorce, one of the questions they often forget to ask themselves is, “How will this divorce affect my ability to qualify for a mortgage or make certain investment decisions in the future?”  

Currently, we are working a case where a client has been dealing with her divorce for  3+ years, and she still does not have a divorce decree. This has prevented her from qualifying for a mortgage and making important investment decisions.

My Frustration For YOU - Educate Yourself, Demand More

My Frustration For YOU - Educate Yourself, Demand More

Since January of this year, we have been working hard to reduce allocations around long-duration bonds. With the most recent fed decision to ease quantitative support, I have paused to consider the implications to my post-divorce wealth management clients and have spent considerable time these past two weeks to further diversify the portfolio. After all, the fed expects our economy to stand on its own - how will that affect your investments?  

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