Few people are aware that there is more than one professional designation for financial planners. The most common designation is that of a “CFP”, or certified financial planner. However, there is another less common designation, the “PFS” (also “CPA/PFS”), or Personal Financial Specialist. This designation is less common for a reason.
The decision to carry life insurance and how much to carry is a very personal decision with most of our clients. The method we use as a starting point in this discussion is called “Asset Replacement”.
Though your financial advisor is likely not your tax preparer, he is likely in a better position to understand your comprehensive financial and tax situation.
A financial advisor, especially a Registered Investment Advisor (RIA), can provide exceptional value to those either leaving or receiving an inheritance.
A financial advisor who is also a CPA is in a unique position to assist clients with estate planning. Though not an estate attorney, the advisor has intimate knowledge of the client’s financial situation, personal and family goals, investment portfolio, cash flow needs and more.
As a CPA/PFS, MBA, and business owner himself, Todd Frank is uniquely qualified to advise business owners of any size of business.
The output of the financial planning process is called a comprehensive financial plan and will vary from person to person depending on a number of factors.
Knowing the risks and disadvantages of large brokerage firms is critical for those seeking truly independent and unbiased investment advice and financial planning.
We’ve all come to shudder, at least a little, when we hear the phrase, “stock broker”. It’s not unlike our reaction to hearing “used car salesman”. How did this come about?
The most independent, unbiased financial advisors are found at independent Registered Investment Advisory Firms (RIAs) offering comprehensive financial planning.