Financial Planning
How to avoid 6 habits that could wreck your finances
Bad spending habits — everyone has at least one of them. Maybe for you it’s adding “just one more thing” to your shopping cart, or repeatedly getting …
MoneyDaughter of Detroit business owner scammed out of inheritance by Shelby Township financial advisor
<b>DETROIT</b> - Fired financial advisor Ernie Romer III remains in the Macomb County Jail, facing two felony counts of embezzlement.<p><b>READ: Shelby Township</b> …
How To Set Up Your Emergency Fund
Your emergency fund can help you cover the cost of life’s unpleasant surprises like medical bills, car repairs or even job loss. Without one, these unfortunate situations could be even worse, as you could face some tough decisions when things don’t go according to plan.<p>Do you turn to credit card …
Personal FinanceBlockchain: Unchained
<i>Attracted by the promise of lower costs and stronger security for a range of transactions, financial institutions are testing Blockchain’s potential.</i><p>Distributed ledger technology is still very young—it needs time to mature. Blockchain began life as this technological prodigy. People expected great …
FinTechSetting Advisory Fee Minimums: Best Practices For Advisors
Executive Summary<p>Setting proper client minimums is an important practice management issue that every advisor needs to consider. For many advisors, …
FinanceHelp Simplify Your Financial Life Through Consolidation
<i>Suffering from “account sprawl” because your various accounts are housed at many different financial institutions? It may be more of a problem than you realize.</i><p>Managing numerous financial streams and expenses can be complex and can hinder the ability to effectively track cash flow.<p>Many of us have …
Personal FinanceThe secret to being a great saver
<i>"What's the difference between 'paying yourself first' and saving money?" -- Ayesha</i><p>Paying yourself first is a way to save money. In fact, it's <i>the best</i> way to save money.<p>The trick is that rather than setting extra money aside, you're saving for yourself and your future goals right away, <i>before</i> …
Money3 Questions That Can Provide A Spark For Your Financial Plan
I’m a financial planner, and I have a confession to make. During the early stages of my career, I didn’t really have my own personal financial plan. Sure, I may have had some good intentions and most of the meaningful aspects of a financial plan were in place such as a budget, insurance, and …
MoneyWhen it comes to divorce, not all assets are equal
It might be the only thing the two sides in a divorce can easily agree on: it's no fun.<p>On top of the emotional toll, financial missteps during the …
RetirementStrategically Outsourcing Your Middle Office
Outsourcing non-core company functions, like an advisory firm’s middle-office, can be a very strategic and competitive decision.<p>The benefits of …
BusinessGetting your kid to bank summer earnings
NEW YORK (Reuters) - Linda Rogers' father set her up for retirement when she was just a teenager.<p>Her summer pay from waitressing was hers to keep, as long as she deposited the first $500 into a Roth IRA at the local credit union.<p>"It was non-negotiable," said Rogers, now 35 and a certified financial …
BusinessWealth Management for Underserved Client Groups
From a focus on delivering holistic solutions to smaller families to helping women in transition<p>Faith Xenos<p>• Founding partner of Singer Xenos Schechter Sosler Wealth Management, Coral Gables, Fla. • Education: University of Miami • Professional Designation: Certified Financial Planner<p>Background: …
Coral Gables94% of Americans failed this financial quiz—here are the 4 hardest questions
The majority of Americans feel good about their financial health. A recent survey by financial services company Financial Engines found that over 47 …
RetirementA financial planner gives advice to a 24-year-old with $80,000 in student loans
<i>Dear Carrie,</i><p><i>I'm 24 and came out of school with $80,000 in college loans. I've been luckier than most of my friends and have a full-time job, but I'm wondering whether I should pay off my loans before I start saving for retirement. What do you think?—A Reader</i><p>Dear Reader,<p>This is a great question and …
MoneyRobo Advisors: A Personal Look At 3 Plans
A one-year check on Betterment.<p>Limited performance data is encouraging.<p>Disadvantages of Robo Advisors.<p>Dual Momentum as an alternative.<p>Who will manage …
FinanceThese 10 questions will help you find out your “money hygiene” score
The Equifax data breach taught us that “identity hygiene” is more important than ever. But what about your overall “money hygiene,” or how well set …
Personal FinanceHelping Adult Kids Without Creating Dependence | Investopedia
I was one of those moms who insisted her kids do chores. Not just five minutes worth, but a number of regular daily chores. We did this to develop of …
Personal FinanceGiving up a pension for a lump sum | Biz Brain
Debating between a monthly payout and a lump sum that could be invested.
RetirementWhy Money Matters in a Marriage | Investopedia
"For better or worse, richer or poorer, till death do us part." For those of us who have had the privilege of reciting this to our spouse did we …
MarriageAt 35, a young dad strives to save $4,000 a month
Adam Ligman has it all: a nice home, great job and a super-cute wife and kids.<p>“I’m fortunate because we’re able to get what we need,” says Ligman, 35, an area sales manager at Intuitive Surgical, a maker of robotic surgical systems, in Pittsburgh. “Sometimes, the extras have to wait, but savings …
News (U.S.)Get the biggest bang for your investment adviser bucks
<b>Q: I hate paying fees when I don’t have to. Currently, I’m paying my investment adviser a “wrap fee” of 1% on my $500,000. This means each year I’m paying him $5,000. I’m struggling to justify the fee, especially since my portfolio is matching market returns and not beating market returns. As far</b> …
MoneyEllevest raises $34.6m to end the gender money gap
Ellevest is a fintech that is on a mission to end the gender gap in investing and personal finance.<p>Ellevest, the fast-growing New York fintech led by …
StartupsHow Will Historians Describe Today's Economy? Financial Advisors' Daily Digest
BeatlesRockerTom on the conclusion of his 10-part series on America’s changing economics.<p>Jeff Miller: Will a more aggressive Fed finally trigger the …
BusinessHow much money do I need before I start investing?
Would you lose sleep over the amount you plan to invest if it got wiped out in a market crash?<p>If your answer's 'yes, it would devastate me …
MoneyYour Financial Adviser Charges What? Understand the Value of Advice
Here's a breakdown of how compensation for financial advice works, and what kinds of services you can expect to receive for the price you pay.<p>If you …
RetirementWhy You Need a Personal Financial Plan to Build a Great Business
A personal plan can do more than just keep your own money in order.<p>I believe all Americans need a financial plan. I've built a business on this passionate conviction, so clearly, I'm biased here.<p>But it's particularly true for small business owners -- whether you're an entrepreneur with the next $20 …
Small BusinessDifferentiating The Next Gen Of Financial Planning Software
Executive Summary<p>Financial planning software has changed substantially over the years, from its roots in demonstrating why a client might “need” …
MoneyFour Core Strategies For Cultivating Affluent Investors
From robo-advisors to fee compression, financial advisors are increasingly feeling the pressure. At the same time, the high-net-worth market is proving to be optimal for a number of reasons including:<p>• The number of affluent is increasing at a greater pace. Also, the amount of wealth they control …
EntrepreneurshipRobo-advisor is not a bot
About This Course<p>New technologies have the potential to grow the economy and make society more equal. On the other hand, inequality in an access to …
Robo-advisors3 Apps That Will Help You Grow Your Savings Effortlessly -- The Motley Fool
Ready to start saving more with minimal effort? These free apps are here to help.<p>Want to save more money? There's an app for that.<p>There are dozens of …
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