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Beware of the Advising World's Wolf in Sheep's Clothing
When I first decided to start my own Registered Investment Adviser (RIA) firm, my longtime peer and friend responded incredulously, “You’re going to walk away from all of your trai...
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Schulz Wealth Blog
Economic Overview Q1 2022: Inflation
Rob’s Thoughts on Inflation: For my entire 30-year professional career, inflation has never been a factor. I have endured five bear markets, yet the peril of high inflation has not...
You Want Financial Independence? Here's the First Step...
Only a very small percentage of Americans will ever experience financial independence. Why? Because just being successful in our professional careers is not enough. We have to know...
CFP Board’s Proposed Changes - What You Need to Know
In June, the CFP Board released proposed revisions to its Standards of Professional Conduct, for public comment. The public forums on these proposed changes just wrapped up last we...
Finally....A Fiduciary Standard that Makes Sense
With regard to a fiduciary standard for my industry, it’s been a long road so I won’t bore you with the historical details. From the lawsuits (see End of “Merrill Lynch” Rule Leave...
Lessons and Insight into Dallas Police & Fire Pension Debacle
For the last week, our local news in the DFW area has been all abuzz about problems within the DPFP (Dallas Police & Fire Pension). A great MarketWatch article came out yesterd...
Life Insurance Agents: Where Did They Go?
Life insurance agents created the financial planning community, and sadly their own was damaged in the process. Can recent regulation spur a rebirth? Needs-based selling, where an ...
Advisors: It’s Time to Drop your Series 7
You’ve still got time. Think of the DOL’s new fiduciary rules as a shot across the bow. Heed the warning, change course, and discover how rewarding this business can be without the...
New DOL Regs: Business as Usual?
It’s inevitable, from working over twenty years in an industry like mine, you tend to get a little cynical. The ink is hardly dry on the new “fiduciary” standard promulgated by the...
5 Reasons to Fire your Financial Advisor
updated April 25, 2018 If your advisor is not on the same page with you, it makes it harder to weather downturns. There are five very basic service points your advisor should be hi...
Step 1: Benchmark your Retirement Plan to Avoid Litigation
For many years now, the Department of Labor has been steadily attacking business as usual in the retirement plan selling business. Based upon the Pension Protection Act of 2006, fi...
The Pay and Product Disconnect
Integrity is key. For Advisors, it’s easy to lose sight of integrity because the framework of the financial services industry creates conflicts of interest. In many cases, there is...
