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Financial advisors’ clients rank clear fees as top priority
Investors and savers rate clear expenses as their prime priority when picking in which to carry out their financial business, a new review confirmed. Six in 10 fiscal companies customers rated costs that are “very clear and easy to understand” between their most critical “would like” in a pleasure poll of nearly 6,000 U.S. homes released March 22 by Rye, New York-primarily based Hearts & Wallets. That respond to won out in the study more than options which include “describes things in comprehensible phrases,” (56{9f99fe44fce1aa3c813d0a0ce4da2fbea8a5a58e9d85c4a2927dd8140cb676b5}) “is unbiased, puts my passions initial,” (54{9f99fe44fce1aa3c813d0a0ce4da2fbea8a5a58e9d85c4a2927dd8140cb676b5}) “offers distinct, handy statements,” (53{9f99fe44fce1aa3c813d0a0ce4da2fbea8a5a58e9d85c4a2927dd8140cb676b5}) and “has produced me income,” (52{9f99fe44fce1aa3c813d0a0ce4da2fbea8a5a58e9d85c4a2927dd8140cb676b5}). Wealth administration companies Ameriprise and Edward Jones,…
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New president of FPA makes ‘title protection’ for financial planners a top priority
When arguing that financial advisors should join lawyers and doctors in having professional credentials with legal protections, the new head of the Financial Planning Association is fond of quoting one of the founding fathers of the planning industry. James Lee, who became president of the FPA’s board of directors in January, is particularly drawn to wealth management guru Dick Wagner’s prediction that financial planning would become “the most important authentic profession of the 21st century.” Wagner, a lawyer-turned-advisor who died in 2017, used those words in his 2016 book “Financial Planning 3.0,” which argues that financial planners deserve the same sort of professional standing now accorded to lawyers, doctors, certified…
