Tag: assets under management fees

Beautifully Designed 401k Plans: Rare as Hen’s Teeth

Friday, September 26, 2014 at 11am
By John Friedman

As a financial planner, I’ve seen many a 401k plan in my day, and I’m here to tell you that the vast majority of them are not pretty, while some are even downright ugly. Admittedly, that’s a mighty broad brush full of awfully harsh words, and I’d surely prefer to […]

The Fee-Only vs. Fee-Based Financial Planner Dustup: Much Todo About Something?

Tuesday, May 6, 2014 at 5pm
By John Friedman

Quick: what’s the difference between a “fee-only” financial planner and a “fee-based” financial planner? You haven’t a clue, right? Well, that means that the financial planning community hasn’t done a great job educating the public at large about what these labels mean, which is too bad because helping the public […]

Replacing “Assets Under Management Fees” with “Net Worth Under Management Fees”

Tuesday, July 9, 2013 at 3pm
By John Friedman

The other day I asked a money manager I was getting to know whether his firm charged a lower fee for managing bond portfolios than it charged for managing stock portfolios. He said no — that his firm charged the same for both. I asked him about this because some […]

Friedman’s Law of the First Thing: Using the Investment Adviser Public Disclosure Site to Smarten Up About Financial Planners and Money Managers

Monday, June 3, 2013 at 8pm
By John Friedman

Oodles of ’em. Oodles and oodles of ’em, even. There are oodles and oodles — and then some — of articles out there about how to find, interview and ultimately hire yourself a good financial planner or money manager. I can’t recall a single one of them, though, talking about […]

Language-Fail in the Land of Financial Planners

Friday, November 2, 2012 at 2pm
By John Friedman

Did you know that there is a big difference between a fee-only financial planner and a fee-based financial planner — that this simple, single-word swap of the word only for the word based means a great deal in the land of FPers? No? Well, you can read all about it on the Internets Tubes via the […]

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