May 27, 2016
Why a CFP is Vital in Your Financial Plan

You can afford a CFP®!

One of the biggest misconceptions when it comes to CERTIFIED FINANCIAL PLANNERS™ is that only the affluent can afford them. That couldn’t be further from the truth. In all honesty, you can’t afford NOT to hire a CFP® when it comes to planning for future expenses and here’s why. If you’re looking to lose weight, people have been told over and over the benefits of hiring a personal trainer. Even when it comes to running a race, having a coach help you prepare is invaluable. However, our financial health is an area we overlook and ignore the most. Yet we can benefit greatly from hiring a “personal trainer” for finances just as much. That’s where a CFP® comes in. My job is to understand a client’s goals and help them develop a plan of action to meet those expectations and do my best to keep them from getting derailed along the way…just like a fitness instructor would do for your body. You may be thinking, “ok I get that but I still can’t afford to pay for one.” Most CFP’s® charge an entry-level or minimum fee. For example, they may charge $200/month, which comes out to $2400/year. That may sound like an astronomical amount […]
May 13, 2016
Broker vs Wealth Manager

Broker vs Wealth Manager – Financially Simple

Broker vs Wealth Manager Financial advisor, financial planner, broker, wealth manager, investment advisor, stock broker, and agent: don’t they just perform the same scope of work? It is true that the financial world has done a very good job of confusing the populous. Then, to add to the confusion, when one starts to examine this alphabet soup within the financial world, the distinction between these different titles often creates even greater confusion. Perhaps this is an over-simplified answer to the question, but this is a good general rule and a great starting point in your attempt to identify just the right financial person for your specific financial need. A broker typically focuses on a small component of your financial life, while a true wealth manager looks at the complete picture. Think of it in terms of your personal financial statement (PFS), which reflects your total assets and liabilities. Many brokers spend the majority of their time on the asset side of the PFS. They are concerned with your investment accounts, retirement accounts, and maybe savings accounts. This is the limited area where most brokers focus their attention; although you may find a broker who will look at the risk to […]