According to the Wall Street Journal only 2% of the total number of advisors (that's 5,700 of roughly 285,000 total advisors) are true fee-only financial advisors. The other 98% are brokers or dual-registered broker-advisory firms-those you often hear about or see advertised. Many of these advisors take commissions from mutual funds and insurers for products they sell to their clients.
High fee investments cost those clients significant amounts of money over time. Many individuals are not even aware of these fees; however, they can make a huge difference in an advisor's recommendations-directing clients toward products that financially benefit the advisor, not necessarily the client.
High fee investments cost those clients significant amounts of money over time. Many individuals are not even aware of these fees; however, they can make a huge difference in an advisor's recommendations-directing clients toward products that financially benefit the advisor, not necessarily the client.
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For the past 18 years, Martin Krikorian has been helping people get the most out of their investments. As the head of Capital Wealth Management in Chelmsford, Mass., he works with large and small investors, creating sound financial strategies for maximizing their assets and reaching their retirement goals.
Under the new Secure Act, at what age does the owner of a Roth IRA need to begin taking required minimum distributions? There are no requirement distribution requirements for the original owner of a Roth IRA however, beneficiaries who inherit Roth IRAs must take RMDs. Withdrawals are tax-free provided that the funds have been in the account for five years or more.
Numerous studies and Nobel Prize-winning research over the last fifty years shows that over the long term that 95 percent of a portfolios performance will be determined by its asset allocation. Only 5 percent is determined by the return of the individual investments. In other words, asset allocation will have more to do with the success or failure of your portfolio than finding the best-performing investments.
This website is not a solicitation for services. The views and opinions expressed herein are solely those of Martin Krikorian Principal, Capital Wealth Management. All content of this site is for informational purposes. It does not constitute investment advice and is not intended as an endorsement of any specific investment.
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