How much to charge for financial advice is rarely a decision made lightly. A firm’s pricing strategy often reflects both the local market (or niche-related) norms – such as the nearly-ubiquitous 1%. Others may align with broader industry trends, like transitioning to fee-only structures to buffer against market volatility. Still others may choose a hybrid … Read more
For people who feel that they have saved as much money as they can on their current expenses, but still would like to build a cushion or emergency fund, the 52 Week Make Money Challenge is an excellent way to increase income by nearly $1,400 ($1,378) during the course of the year. It accomplishes … Read more
As the financial advice industry began shifting from a sales-based model to a more sustainable asset management approach, advisors found their roles shifting along with it. With revenue rooted in more predictable, recurring income, many advisors were able to step off the relentless ‘treadmill’ of constant sales, allowing them to invest in growth by hiring … Read more
So you want to help the environment, but you don’t think that you have enough time? Here are 10 simple things that you can do in under a minute that will help the environment and save you money at the same time: 1. Use Half The Amount (time: none): Try using half the amount of … Read more
For many years, the traditional career track for financial advisors has been an ‘eat what you kill’ model – where advisors must independently find, convert, and manage their own clients. As such, it isn’t uncommon for an advisor’s first few years to be characterized by long hours, high rejection rates, and low pay. For many, … Read more
