Podcasts about feebased

Liz Hand is the co-owner of Pleasant Wealth, a hybrid advisory firm based out of Ohio that oversees over $140 million in assets under management for 522 households. Liz stands out for her exceptional ability to manage the transition of her father's large commission-based practice with over 1,500 clients into a fee-based financial planning practice, along with her brother. What sets them apart is their dedication to ensuring that long-term clients—even those with smaller or more transactional needs—receive fair treatment throughout this transition process. Listen in as Liz shares how she and her brother refocused their niche and client loads after taking over their father's business to realize the future vision of their financial planning firm, as well as why they made the strategic decisions to sell a portion of the business and change their broker-dealer relationship. You'll learn why Liz chose to become the successor for another advisor before becoming the successor for her father, the three tiers of service they have implemented for clients, and how a mindset coach not only helped Liz gain confidence, but also inspired her to become a mindset coach herself. For show notes and more visit: https://www.kitces.com/332

As of March 31st 2020 new Central Bank of Ireland rules will mean that only a financial advice firm that does not receive commissions from sales of products will be entitled to state they are an 'Independent Financial Advisor' in Ireland. These firms (of which Informed Decisions is one of a handful in the country), will be entitled to use the term 'Independent' in describing their service. That will see quite a few firms which currently use the term Independent having to get websites altered and cabinet-fulls of marketing materials re-printed. It is intended, I understand, to help consumers more easily identify what type of advice they are likely to receive, based on the firms' description. I've said it before and I'll say it again, there are hundreds of really great advisors in Ireland - irrespective of what title they go by. You and your financial future stand to do far far better with even an average advisor than with no advisor - that fact has been proven time and time again. Anyway, back on track, this week I hope to share with you 5 signs that suggest you need to engage an Independent Financial Advisor. The 5 signs that I am about to share, while I might like to think so, is not an exhaustive list, and is based on my own experience working with valued clients directly, and also with Independent Financial Advisors across the country. Everyone will have their own individual motive and driver for seeking financial advice, but the following will perhaps help guide you if you find yourself with one of these headaches.

Have you finally “had it” with commission compression, but don't have a clue about how to escape the commission boa constrictor and move toward a fee-based or hybrid practice model? Cheryl Perez, President of BIG-HR, shares her agency's journey and offers specific advice about what KPIs to watch, how to value what you provide to clients and how to gain a competitive advantage in the process. Get full show notes and more information here: http://bit.ly/2siwBpd 

On this episode, Joel Garris of Nelson Financial Planning, discusses the performance of last week’s market and what to expect in the upcoming week. He also discusses what not to do with your 401k or 403B. In addition, Joel answers follow up questions from last week’s show. Joel also compares last year’s tax code to this year’s new tax code. For more information, visit www.NelsonFinancialPlanning.com

On this episode, Joel Garris of Nelson Financial Planning, discusses the performance of last week’s market and what to expect in the upcoming week. He also discusses what not to do with your 401k or 403B. In addition, Joel answers follow up questions from last week’s show. Joel also compares last year’s tax code to this year’s new tax code. For more information, visit www.NelsonFinancialPlanning.com

On this episode, Joel Garris of Nelson Financial Planning, discusses the performance of last week’s market and what to expect in the upcoming week. He also talks about Simple or Savings Incentive Match Plan for Employees IRA. Joel talks about some of the “must” for estate planning. For more information, visit www.NelsonFinancialPlanning.com

On this episode, Joel Garris of Nelson Financial Planning, discusses the performance of last week’s market and what to expect in the upcoming week. He also talks about Simple or Savings Incentive Match Plan for Employees IRA. Joel talks about some of the “must” for estate planning. For more information, visit www.NelsonFinancialPlanning.com

My guest on today’s podcast has grown his niche practice of serving physicians and retirees to nearly $70 million in assets under management and $800,000 of revenue in just eight years. Matthew Blocki is a 30-year-old financial advisor who built his financial-planning-centric business by starting out at Northwestern Mutual and quickly evolving from nearly 100 transactional insurance clients per year to a hyper-focused practice that’s aiming to grow with just 15 affluent clients per year instead. In this episode, Matthew shares how he got started and survived in the early years of building his practice from scratch, as well as how he differentiated himself as a 20-something advisor working with retirees. Listen in to hear what helped shape his career in the beginning, how his practice and focus have changed over the years, and what it takes to come out exponentially ahead in your business. For show notes and more visit: https://www.kitces.com/80

On this episode, Joel Garris of Nelson Financial Planning, discusses the difference between ETFs and mutual funds. He also discusses better ways to manage your 401k. Joel talks about the growing concern of how to replace your income in retirement. For more information, visit www.NelsonFinancialPlanning.com

On this episode, Joel Garris of Nelson Financial Planning, discusses the difference between ETFs and mutual funds. He also discusses better ways to manage your 401k. Joel talks about the growing concern of how to replace your income in retirement. For more information, visit www.NelsonFinancialPlanning.com

My guest today has built her practice to more than $250,000/year of recurring financial planning fees in just her first three years—and she did it while also starting a family. The founder of FIT Advisors, Anjali Jariwala provides financial investment and tax planning advice for young physicians and small business owners in their thirties for an annual retainer fee that starts at $10,000/year. Working entirely virtually with clients, her firm has achieved impressive growth, due in major part to focusing in on a niche from the start, which allowed the firm to pursue unique marketing channels that most other financial advisors don’t use. In this episode, Anjali shares how she positioned her advisory firm squarely in the niche of serving independent physicians and similar small business owners by leveraging her background as a CPA and a CFP certificate, as well as how she iterated her business model very rapidly in the first few years until she eventually eliminated all the upfront fees and just raised her ongoing retainer instead. Listen in to learn how she structures her upfront and ongoing planning meetings with clients, how she balanced her work life with her home life after having her first baby barely a year after the launch of the firm, and how she reinvested into and restructured her staff support to be able to continue serving her clients during her time off. For show notes and more visit: https://www.kitces.com/79

On this episode, Joel Garris of Nelson Financial Planning, discusses how well the American economy is doing compared to the world economy. He also discusses the changes in the new form tax 1040. Joel talks about the growing concern of how to replace your income in retirement. For more information, visit www.NelsonFinancialPlanning.com

On this episode, Joel Garris of Nelson Financial Planning, discusses how well the American economy is doing compared to the world economy. He also discusses the changes in the new form tax 1040. Joel talks about the growing concern of how to replace your income in retirement. For more information, visit www.NelsonFinancialPlanning.com

On this episode, Joel Garris of Nelson Financial Planning, discusses how debt can prevent you from retiring. He also discusses the changes forth coming relating to the Dow Jones. Joel talks about changes in the new tax code involving home equity loans and 529s. Lastly, Joel discusses the fluid situation relating to tariffs between the US and China. For more information, visit www.NelsonFinancialPlanning.com

On this episode, Joel Garris of Nelson Financial Planning, discusses how debt can prevent you from retiring. He also discusses the changes forth coming relating to the Dow Jones. Joel talks about changes in the new tax code involving home equity loans and 529s. Lastly, Joel discusses the fluid situation relating to tariffs between the US and China. For more information, visit www.NelsonFinancialPlanning.com

On this episode, Joel Garris of Nelson Financial Planning talks about the latest news that Social Security is having to tap its reserves this year to make payments. His son and office intern, Nelson Garris, joined him to talk about the implications of autonomous vehicles. Joel also describes the decision making process for paying down a mortgage and the difference between fee only and fee based investor costs. For more information, visit www.NelsonFinancialPlanning.com

On this episode, Joel Garris of Nelson Financial Planning talks about the latest news that Social Security is having to tap its reserves this year to make payments. His son and office intern, Nelson Garris, joined him to talk about the implications of autonomous vehicles. Joel also describes the decision making process for paying down a mortgage and the difference between fee only and fee based investor costs. For more information, visit www.NelsonFinancialPlanning.com

You might know Stephanie Sammons as the founder of Wired Advisors, but as of last year, she’s also the founder of Sammons Wealth Management, a fee-only firm handling $7.5 million in assets. Now focused on high net worth clients in the LGBTQ community, Stephanie has overcome more than her fair share of struggles in the industry. In this episode, she opens up about the difficulties she faced being a gay woman in the advisory world, and ultimately how she has prevailed and continues to grow her practice to support her ideal life. Listen in to hear about her inspiring journey, as well as the major lessons she learned along the way. You can find show notes and more information by clicking here:http://www.xyplanningnetwork.com/155

Today’s guest is XYPN member and founder of Mellen Money Management, Scott Snider. After starting his career on the sales side, briefly working at a bank, and finding his way to a wealth management firm, Scott ultimately decided to start his own firm—and did so while also dealing with moving across the country, his wife starting a new job, and having his first child. Though this path certainly isn’t for the faint of heart, it has worked out well for Scott and taught him some very important lessons. In this episode, he shares his unique journey, as well as key things he learned along the way and advice that anyone hoping to start a firm should take to heart. You can find show notes and more information by clicking here: http://www.xyplanningnetwork.com/154