As you get older, busier and hopefully wealthier, your financial goals get more complicated. A fee-only financial advisor is paid directly by the client on a transparent and pre-arranged payment plan. This can be an hourly or project rate, monthly retainer, or percentage of investments managed. Fee-only financial planners are registered investment advisors with a […]
Read moreA fee-only advisor is compensated only by the fees he or she directly charges and not by commissions earned from the sale of a financial product. The fee they charge could be hourly, a flat retainer, or based on a percentage of your investment assets they manage. A major benefit of working with a […]
Read moreFee-Only: Compensated only by the client without earning commission of any kind for product sales or referrals. Fiduciary: Legally sworn and obligated to always place the interest of the client ahead of their own. Independent: Not affiliated with any brokerage firm, bank, or insurance company.
Read moreThe Solution to the Challenge of Investing The real key to successful investing involves disciplined application of three major themes found in modern prudent fiduciary investing: Broad diversification of risk Low costs Low taxes (for taxable investors). These factors allow investors the chance to reduce portfolio risk and enhance long term wealth effectively and efficiently. […]
Read moreIn 1604, the Dutch East India Company held the world’s first initial public offering that allowed investors to buy shares in its ship’s voyages. Over the years that followed, in the wake of this first IPO, the world’s first stock exchange formed in Amsterdam out of a need to trade those shares among investors. Once […]
Read moreWhether large or small, employers that provide a retirement plan all face one common risk: Fiduciary Responsibility. Employers that provide a retirement plan have a fiduciary responsibility to keep the plan in compliance with the Employee Retirement Income Security Act (ERISA). Due to the complex regulatory rules, plan sponsors can often find it difficult to […]
Read moreKnowing when to hire a financial advisor If you want to build wealth and optimize your financial life, hiring a financial advisor can be a smart move. Unfortunately, not all financial advisors are equal – not by a long shot. And if you hire someone who isn’t qualified, you could wind up worse off than […]
Read moreTHREE Character Flaws That WILL HURT YOU – Ignorance, Incompetence or Incentives. 1. Ignorance- It is possible that they just didn’t know how to analyze your situation holistically/comprehensively. 2. Incompetence – It is also possible that they did not have the right resources or if they did how to apply those resources the right way. […]
Read moreWhat is fee only and tax focused advice? As fee only advisor, I do not represent a bank, a brokerage firm, or insurance company. My sole source of compensation is paid directly by clients in the form of a fee. Why is that important? If you don’t know how your advisor is being paid how […]
Read moreForecasters, Market Timers, and Other Behaviors Are A Threat To Your Long Term Goals Investment plans must be inspired by your goals for the future, and constructed with principled investment strategies and evidence for what works in investment management. Not on a hunch, or on what pays a broker the highest commission. This in essence […]
Read moreShore Financial Planning is a fee-only financial advisor based in Monmouth Beach, New Jersey. As a fee-only/commission-free/flat-fee financial planner, I do not sell products or collect commissions. I am a fiduciary financial planner that specializes in tax-focused planning as a CERTIFIED PUBLIC ACCOUNTANT (CPA), and CERTIFIED FINANCIAL PLANNER™ CFP® professional. I serve clients in New Jersey and remotely throughout the U.S.A.