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The Zoe Blog

Financial advisors, the tell-all series. Part 4: Do I need a financial advisor?

Posted by Andres Garcia on Aug 23, 2017 10:47:00 AM

In Part I of this blog series we outlined the different ways in which financial advisors make money, in Part 2 we looked into the differences between a broker and a registered independent advisor (RIA), and in Part 3 we discussed what value a GREAT advisor offers to their clients.

That’s great and all, but do YOU fit the description of someone that needs an advisor?

In this blog, Part 4, we provide a couple of profiles, all with different personal financial situations and needs. These examples are not meant to be recommendations or to cover every scenario under the sun, but rather to serve as a starting point on the journey of financial-awareness.

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Topics: Personal Finance, Financial Advisors, The Tell All Series

Financial advisors, the tell all series. Part 3: What Makes For A Great Advisor?

Posted by Andres Garcia on Aug 15, 2017 11:02:00 AM

In Part 1 of Financial Advisors, The Tell All Series, we outlined the different ways in which financial advisors make money and in Part 2 we looked into the differences between a broker and an independent advisor (RIA).

In this post, Part 3, we dive into what value a GREAT advisor offers to their clients.

 

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Topics: Personal Finance, Financial Advisors, The Tell All Series

Financial advisors, the tell all series. Part 2: Brokers vs. Advisors

Posted by Andres Garcia on Aug 8, 2017 11:00:00 AM

Some people use the terms "financial advisor" and "broker" interchangeably, although they mean starkly different things. As someone wanting to take charge of your personal finances, these differences are important to understand.

This is the follow-up to Financial advisors, the tell all series. Part 1: How do advisors get paid?.

In this post, the second in our 4 part blog series, I will outline the differences between a broker and an independent advisor.


What is a broker?

A broker, or registered representative, is someone that has passed a state test allowing them to sell financial products such as bonds, stock, annuities and mutual funds. Brokers are overseen by FINRA, which is a broker self-governing body. Brokers are usually employed by a large broker-dealer such as Merrill Lynch or Morgan Stanley, or an independent broker-dealer like LPL, Ameriprise, or Edward Jones.

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Topics: Personal Finance, Financial Advisors, The Tell All Series

Financial advisors, the tell all series. Part 1: How do advisors get paid?

Posted by Andres Garcia on Aug 1, 2017 12:03:33 PM

A few years back, as a global strategist at JPMorgan, my job was to provide market and economic insights to financial advisors around the world. At one point, I was doing 240 presentations a year and speaking to thousands of financial advisors. The experience gave me a good grasp of their business.

The journey of using a financial advisor can be daunting for many, and the ins and outs of the business can be overwhelming. With this in mind, we created this blog series, Financial Advisors, The Tell All. In this initial post I will outline the different ways in which financial advisors make money. In the upcoming posts I’ll dive into the different players, Brokers vs. Advisors, followed by What Makes For A Great Advisor? and finally, Do I Need a Financial Advisor? My aim is to tell all, so that you, our readers, can make informed decisions. 

 

Five Ways Advisors Get Paid

There are 5 payment methods, each of which has its pros and cons for the client. The pros and cons metioned here relate to the way in which each method helps to align the interests of the advisor with those of the client. The more closely aligned, of course, the better.

 

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Topics: Personal Finance, Financial Advisors, The Tell All Series

*All investing is subject to risk, including the possible loss of the money you invest.

**The projections or other information generated by Zoe Financial, Inc. regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results, and are not guarantees of future results.

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