tag:blogger.com,1999:blog-6660460810418738523.post5952209023739445356..comments2023-10-11T07:00:28.936-04:00Comments on RISCARIO INSIDER: HOW TO SPOT A FAKE FEE-ONLY FINANCIAL PLANNERUnknownnoreply@blogger.comBlogger5125tag:blogger.com,1999:blog-6660460810418738523.post-6789038667891014612013-07-11T06:27:01.258-04:002013-07-11T06:27:01.258-04:00It is some times out of bad luck say, we bump into...It is some times out of bad luck say, we bump into these financial consultants who are no sharper than us. One way to test performance is time based consultancy.<br /> <a href="http://www.finvin.in/" rel="nofollow">Financial Planner in<br /> Mumbai</a>Tiara Dsouzanoreply@blogger.comtag:blogger.com,1999:blog-6660460810418738523.post-27129090544552527782013-06-17T02:08:12.955-04:002013-06-17T02:08:12.955-04:00So glad I found this page. Thanks a ton buddy. Wil...So glad I found this page. Thanks a ton buddy. Will watch this space for updates.<br /><a href="http://www.finvin.in/" rel="nofollow">Financial Planner Pune</a>Sana Robinshttp://www.webseoservices.in/noreply@blogger.comtag:blogger.com,1999:blog-6660460810418738523.post-23579331061717511112013-01-03T03:46:49.262-05:002013-01-03T03:46:49.262-05:00Very nice blog it is a big alert to us on how to s...Very nice blog it is a big alert to us on how to spot a fake fee only financial planner it is very important to know those things you mentioned above I do advise as well to know more about <br /><a href="http://financialplannerprogram.com/" rel="nofollow">Wealth Management Training</a> so that we can avoid those kinds of fake fee peopleChezka Aguilanoreply@blogger.comtag:blogger.com,1999:blog-6660460810418738523.post-16113268208092973692012-11-26T07:42:50.362-05:002012-11-26T07:42:50.362-05:00Fee-only is a difficult model for planners to make...Fee-only is a difficult model for planners to make viable. Few clients are willing to pay for a financial plan when there are many "free" options. if you don't understand about financial planning, you can have a <a href="http://www.financialplannerprogram.com/" rel="nofollow">certified financial planner</a>Rosemary N. Weltynoreply@blogger.comtag:blogger.com,1999:blog-6660460810418738523.post-88816918001555842342012-09-16T13:03:51.928-04:002012-09-16T13:03:51.928-04:00The problem with fee only is that a person cannot ...The problem with fee only is that a person cannot give personalized investment advice beyond simple asset allocation if they don't have a<br />license. A mutual fund licence, limits to fund advice only. A stock license allows an adviser to recommend stocks. A stock licensed advisor can't get a license unless he works for a "dealer" firm. The dealer firms make their advisors work on commission, or fee based accounts based on the size of the investment portfolio. They are not allowed to charge fees for time or advice. So many people want to pay someone who is qualified to provide an unbiased portfolio reviews and recommendations and pay a reasonable fee for their time - while they invest the portfolio on line themselves....unfortunately, the Ontario Securities Commission forbids it, and so do the dealer firms. A person who is in the business of giving investment advice must be licensed - exception is if the investment advice is not purported to be tailored specifically to a person. What this means is that if a person writes an article and says "hey everybody, this stock XYZ is a screaming buy". That's perfectly fine as long as it's told to anybody and not aimed a specific person. <br /><br /><br />If you want unbiased investment advice that is not tied to commission income, and a pure fee for time only - you need to advocate to the regulatory bodies to find a category to register and license individuals who want to run their business this way. Otherwise, fee only financial planning cannot encompass the entire package which includes decent investment advice.blame the regulatorsnoreply@blogger.com