A fallacy that has been spread by the financial services industry for many decades is the idea that collecting a 1% AUM (Assets Under Management) fee provides incentive to achieve high performance (aka “If I win, you win” or “If I lose, you lose”). This concept allows advisors to charge a fee that, once over a certain AUM threshold, can be rather egregious and continue to provide enormous profit margins.
With a bit of time to prepare, you can enter the second half of the year feeling financially confident and on track to meet your goals.
A look at some Social Security basics everyone should have in mind as they approach retirement age.
This blog will talk about some of the worst celebrity investments, from risky real estate to shady art deals.
If your clients want to get the most out of HSAs, show them how with this article.
Whether you're taking a DIY approach to filing your taxes this year or working with a professional, here are 5 filing tips to help make things a little easier.