David Bromelkamp, long-time NAPFA member, founder of Allodium Investment Consultants, and author of "AdvisorSmart for the Individual Investor", graciously invited me to write the foreword for his book. This insightful guide advocates for individual investors to seek Fee-Only Fiduciary advisors and cautions against the marketing tactics and biased advice of…...
Understanding the role of a Personal Financial Specialist (PFS™) can be crucial for individuals seeking comprehensive financial planning assistance. A PFS is a Certified Public Accountant (CPA) with additional certification in financial planning, offering a blend of accounting expertise and financial planning acumen. This designation ensures they are well-equipped to address complex financial issues, from…
A Chartered Retirement Plans Specialist™ (CRPS™) is a financial professional who specializes in designing, implementing, and maintaining employer-sponsored retirement plans. This designation is ideal for financial advisors, investment managers, and professionals who assist businesses in selecting the best retirement plan options for their employees. CRPS™ designees are well-versed in 401(k)s, pensions, and other retirement vehicles,…
Bottom Line Up Front An Enrolled Agent (EA) is a federally authorized tax professional with expertise in tax preparation, representation, and planning. Recognized by the IRS, EAs can represent individuals and businesses in audits, appeals, and collections, offering specialized knowledge of tax laws and compliance. Unlike CPAs or attorneys, EAs focus exclusively on taxation, making…
An Accredited Asset Management Specialist (AAMS®) is a professional designation designed to prepare financial advisors and professionals for effective client asset management. Offered by the College for Financial Planning (CFFP), this certification equips candidates with specialized knowledge in areas such as investment strategies, insurance, tax planning, and retirement solutions. The AAMS® designation is widely recognized…
Many investors looking for help with their financial planning and wealth management strategy have heard that an advisor’s fee structure matters. This is true; it’s important to know how the advisor makes their money, especially for those who want to work with an advisor who is also a fiduciary (someone who is legally required to…
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