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Point, Counterpoint: Can fee-only financial planners serve smaller clients effectively?

Phil Billingham, CFP says yes:

As an argument for staying on commission, it’s right up there with ‘But my clients won’t pay fees’. It’s ‘If I move to fees, my older/smaller clients will not be able to afford me’. To translate this, the argument is that ‘I will have to stop looking after them because they will not be profitable enough’.

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RDR Impacts on Businesses in the UK

Nick Cann CFP United KingdomBy Nick Cann, CFP

The UK is now in the throes of regulatory change and the financial services world is adjusting to a world with no commission and a higher minimum level of professional qualifications. Since 1st January 2013, investment advisers have had to charge for the advice that they provide and the UK consumer is getting used to this new regime.

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Why Aren’t Financial Advisors Using Fee-Based Models?

By Niraj Nanal, CFP

The Indian financial services industry has come a long way; regulators are more active, financial markets are developing, etc. But, what is the state of the most important stakeholder, financial advisors, in this whole process?

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Korean Trends are Creating Opportunities for Fee-Based Planners

Junesoo Chang, CFPBy Junesoo Chang, CFP

Since the CERTIFIED FINANCIAL PLANNER mark was introduced 10 years ago in Korea, public awareness of financial planning has increased remarkably. Nowadays ‘financial planning’ is almost everyday language in mass media. I think the increased awareness is largely attributed to socio-demographic changes and economic phenomenon in this country.

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Professionals Use Fee-Based Models

By Almo Lubowski, CFP

Many believe that in order to be a professional financial planner, one needs to shift towards a fee-based model within one’s practice, with a clear distinction between the provision of financial advice and the sale of products being drawn. Perhaps the word “fee” is also a bit deceptive in the financial planning profession; some say that the term “advisor charging” is more appropriate.

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