When Should You Fire Your Advisor (Or Yourself)?
It’s time to have that awkward conversation. Your retirement might depend on it. 2022 has been a rough year. 2023 might not be much better. You cannot control what the market gives. But there is one important decision you have control over. Can you still trust the professionals who are managing your money? Ask them Read more ➝
What should I look for in a Financial Advisor?
The financial industry is constantly changing. While Robo-advisors are on the rise, many families still seek a real and personal relationship. If that’s the case, robots won’t make the cut. Before you begin your search for a Financial Advisor, think about your own expectations and what you’re hoping this professional can do for you. Your Read more ➝
What to Look For In a Financial Advisor
When you’re looking for a financial advisor, you might find that this industry is constantly changing. Robo-advisors are becoming a more popular choice for tech-savvy investors. Something to keep in mind, however, is that these bots are strictly mathematical. If you are looking for a relationship with your advisors, these robots won’t make the cut. Read more ➝
Where’s the Beneficiary Form…?
One of the biggest issues we hear about from our professional colleagues is inherited IRAs. When handling any IRA, the beneficiary form should be one of your top priorities. Checking your client’s beneficiary forms can be one of the highest levels of service you give them. Not only will this deepen your relationship with the Read more ➝
Another Example of Why Suitability Fails to Protect Clients
Sigh. Yet again, we see another case of why commissioned salesmen cannot help put clients in a better place. In fact, advisors who act like brokers might even damage their clients’ financial well-being. The State of Massachusetts fined SII, a broker-dealer, over $5 million both in restitution to clients and regulatory fines.[1] The reason? Ripping Read more ➝
Simple Checklist for Choosing to Work with a Fiduciary Advisor or a Suitable Salesperson
We work with our clients as a trusted fiduciary advisor. Who are the clients we work with best? Below we provide 2 sets of descriptions of clients who might work well with us – along with those that might be better served elsewhere. Choose a Trusted Fiduciary Advisor if you care about these issues: You Read more ➝
How to Know If Your Financial Advisor Is a Real Fiduciary? 10 Questions
We work with our clients as a true fiduciary. And we will continue to strive toward improving our efforts to look after clients’ interests first and foremost. We will not stop even though a US court ruling just effectively killed the DOL fiduciary rule [source]. How about your current advisor? Is your current advisor also Read more ➝
How Doing Your Part in a True Fiduciary Partnership Benefits You
Fiduciary is the standard for advisors who care about relationships. But in order for clients like you to benefit, you also need to care about the relationship. The advisor has a responsibility to advise and act in the best interest of the client. Astute clients know they need to be active in driving value from Read more ➝
Why Ambassador Works as a Fiduciary Advisor Only
Unfortunately, many people do not know who is advising them. According to the American College of Financial Services [source], nearly 1 out of 2 people were unaware or indifferent if their advisor was a fiduciary [term] or not. Whether your advisor is a fiduciary or not makes a big difference in how that advisor works Read more ➝