Stay informed with the latest news from the Philippines and around the world. Get updates on local and breaking news, explore odd and unique stories, read opinions and analyses, and view captivating news photos and videos.
Choosing a financial advisor is a major decision that can determine your financial trajectory for years to come. But the wrong one could potentially wreak havoc on your investments and retirement.
The value of working with a financial advisor varies by person and advisors are legally prohibited from promising returns, but research suggests people who work with a financial advisor feel more at ease about their finances and could end up with about 15% more money to spend in retirement.¹
Consider this example: a recent Vanguard study found that, on average, a $500K investment would grow to over $3.4 million under the care of an advisor over 25 years, whereas the expected value from self-management would be $1.69 million, or 50% less. In other words, an advisor-managed portfolio would average 8% annualized growth over a 25-year period, compared to 5% from a self-managed portfolio.²
SmartAsset’s no-cost tool simplifies the time-consuming process of finding a financial advisor. A short questionnaire helps match you with up to 3 vetted fiduciary financial advisors, each legally bound to work in your best interest. The whole process takes just a few minutes, and in many cases you can be connected instantly to compare and decide on the best fit for you.
Being aware of these seven common blunders when choosing an advisor can help you find peace of mind, and potentially avoid years of stress.
1. Hiring an Advisor Who Is Not a Fiduciary By definition, a fiduciary is an individual who is ethically bound to act in another person’s best interest. This obligation eliminates conflict of interest concerns and makes an advisor’s advice more trustworthy.
All of the financial advisors on SmartAsset’s matching platform are registered fiduciaries. If your advisor is not a fiduciary and constantly pushes investment products on you, use this no-cost tool to find an advisor who has your best interest in mind.
2. Hiring the First Advisor You Meet While it’s tempting to hire the advisor closest to home or the first advisor in the yellow pages, this decision requires more time. Take the time to interview at least a few advisors before picking the best match for you.
3. Choosing an Advisor with the Wrong Specialty Some financial advisors specialize in retirement planning, others are better for business owners or those with a high net worth, and some might be best for young professionals starting a family. Be sure to understand an advisor’s strengths and weaknesses – before signing on the dotted line.
4. Picking an Advisor With an Incompatible Strategy Each advisor has a unique strategy. Some advisors may suggest aggressive investments, while others are more conservative. If you prefer to go all in on stocks, an advisor that prefers bonds and index funds is not a great match for your style.
5. Not Asking About Credentials To give investment advice, financial advisors are required to pass a test. Ask your advisor about their licenses, tests and credentials. Financial advisors tests include the Series 7, and Series 66 or Series 65. Some advisors go a step further and become a Certified Financial Planner, or CFP.
6. Not Understanding How They are Paid Some advisors are “fee only” and charge you a flat rate no matter what. Others charge a percentage of your assets under management. Some advisors are paid commissions by mutual funds, a serious conflict of interest. If the advisor earns more by ignoring your best interests, do not hire them.
7. Not Hiring a Vetted Advisor Chances are, there are several highly qualified financial advisors in your town. However, it can seem daunting to choose one.
SmartAsset’s no-cost tool can help you avoid some of the common mistakes in looking for an advisor. A short questionnaire will match you with up to three vetted financial advisors serving your area, each legally bound to work in your best interest.
Try SmartAsset's Financial Advisor Matching Tool Get retirement ready. Take this no-cost quiz to get matched with up to 3 vetted financial advisors serving your area.
Sources: 1. "Journal of Retirement Study Winter" (2020). The projections or other information regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results, and are not guarantees of your future results. Please follow the link to see the methodologies employed in the Journal of Retirement study. 2. Vanguard (February 2019), Putting a Value on Your Value The projections or other information regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results, and are not guarantees of your future results. Please see the methodologies employed in the Vanguard whitepaper. To receive a copy of the whitepaper, please contact compliance@smartasset.com.
Thank you for subscribing to DividendStocks.com's daily newsletter for dividend and income investors that covers ex-dividend stocks, new dividend declarations, dividend stock ideas, and the latest market news.
This message is a paid advertisement sent on behalf of SmartAsset, a third-party advertiser of DividendStocks.com and MarketBeat.
This is not an offer to buy or sell any security or interest. All investing involves risk, including loss of principal. Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). There are no guarantees that working with an adviser will yield positive returns. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. SmartAsset.com is not intended to provide legal advice, tax advice, accounting advice or financial advice (Other than referring users to third party advisers registered or chartered as fiduciaries ("Adviser(s)") with a regulatory body in the United States). SmartAsset is not a financial planner, broker or tax adviser. The Service is intended only to assist you in your understanding of financial organization and decision-making and is broad in scope. Your personal financial situation is unique, and any information and investing strategies obtained through SmartAsset.com may not be appropriate for your situation. Accordingly, before making any final decisions or implementing any financial strategy, you should consider obtaining additional information and advice from your accountant or other financial advisers who are fully aware of your individual circumstances. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is registered with the U.S. Securities and Exchange Commission as an investment adviser. SmartAsset's services are limited to referring users to third party advisers registered or chartered as fiduciaries ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matching platform based on information gathered from users through our online questionnaire. SmartAsset does not review the ongoing performance of any Adviser, participate in the management of any user's account by an Adviser or provide advice regarding specific investments. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors.
If you have questions about your subscription, feel free to contact our U.S. based support team via email at contact@marketbeat.com or leave us a voicemail at (844) 978-6257.
If you no longer wish to receive email from DividendStocks.com, you can unsubscribe.
Have you ever wanted to learn how to trade RSI better? To be able to understand momentum better? To look at the RSI indicator and know more than just it's overbought when above 70 and oversold when below 30?
Having a deep understanding of RSI and momentum is what allows so many great traders to make consistent profits regardless of whether the market is going up or down.
And that's why I was super excited when my friend and Wall Street analyst, Hima Reddy, told me she had come out with a brand new book showing exactly how to trade the RSI for maximum effectiveness.
She calls the system she teaches in The Winning RSI Playbook™ the "unfair advantage" that Wall-Street Traders use to make money in any market ... Bull or Bear…
The Winning RSI Playbook™ allows you to:
Use RSI momentum to stop "guessing" -- and trade instead on where the market is already headed…
Discover how to spot "turning points" that often make ideal entries or exits…
Protect against drawdowns by reducing exposure when momentum slows…
And so much more...
And to celebrate its launch, she's giving away 500 copies for FREE today.
Celer Wealth, LLC, its owners, officers, directors, employees, subsidiaries, service providers, content providers and agents (referred to as ” Celer Wealth “) are not financial or investment advisors and not licensed to sell securities or investments. None of the information provided is intended as investment, tax, accounting or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement, of any company, security, fund, or other offering. The information should not be relied upon for purposes of transacting securities or other investments. Your use of the information contained herein is at your own risk. The content is provided ‘as is’ and without warranties, either expressed or implied. Celer Wealth does not promise or guarantee any income or particular result from your use of the information contained herein. Under no circumstances will Celer Wealth be liable for any loss or damage caused by your reliance on the information contained herein. It is your responsibility to evaluate any information, opinion, advice or other content contained. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, or other content.
The 16th Annual Supima Design Competition Shines a Light on the Next Generation of Fashion Designers
The annual Supima Design Competition returns for its 16th edition, showcasing the work of eight graduating designers from leading fashion schools across the US. The competitors work with innovative, sustainable materials supplied by the non-profit organisation, Supima.
"In the hands of these newly graduated designers, cotton becomes a blank canvas. We see them approaching the fabrics with such creativity and innovation," says Buxton Midyette, VP of marketing and promotions at Supima.
The competition offers a platform for next generation talent to demonstrate their skills and designs at both New York and Paris fashion weeks, along with a prize of $10,000. A panel of esteemed judges will determine the winner, which includes Jeremy Scott, designer and former creative director of Moschino, and event host this year.
:quality(70)/cdn.filestackcontent.com/ZrEIls0TMOl2Nr8j9PGi)
:quality(70):focal(1001x717:1011x727)/cloudfront-eu-central-1.images.arcpublishing.com/businessoffashion/QIW7L2WXFBCHTIUBOILCOMBAJU.jpg)
:quality(70)/cloudfront-eu-central-1.images.arcpublishing.com/businessoffashion/3CGVQWPP3ZCDNECT3VHY35KXXY.jpg)
:quality(70)/cdn.filestackcontent.com/GbG5LbKyRjmZuUEdAp5k)
