By April 2017 you may have no choice.
Commissions paid to financial advisors and the conflicts of interest they cause are the single most polarizing issue in investing today. The US Department of Labor (DOL) is in the process of finalizing its Fiduciary Rule which will require all financial advisors to put their clients’ needs ahead of their own. After the rule is implemented, most, if not all, commission-based investment programs will be restricted. If your current advisor receives compensation primarily through commissions, you may be forced to change your investment account(s) or possibly even your financial advisor. However, if your financial advisor works in a fee-based arrangement – one that is identified by paying a disclosed fee for an hourly engagement, a percentage of asset charges, or job-based work – you may not be significantly impacted by this new rule.
S.E.E.D. Planning Group, LLC, a fee-based Registered Investment Advisor firm, was created to help change the way financial planning and investment management is provided to the public. We believe that advice should be rendered for a fair and reasonable charge in place of hidden commissions. While opponents of the DOL Fiduciary Rule claim that its implementation would restrict access to financial advice for middle-class and low-asset households, S.E.E.D. Planning Group, LLC is already offering services and programs for clients of all wealth levels. We have built our growing firm around a model that is deeply rooted in transparency, education, teamwork, and innovation.
Advisors and clients alike will need help with the DOL Fiduciary Rule. S.E.E.D. can help.
Come join us. We are growing because of you… for you!
S.E.E.D. Planning Group, LLC is a registered investment advisor. Information contained in this report is for informational purposes only and should not be considered investment advice, recommendations, or tax advice. Investors should consult with a qualified tax consultant as to their particular situation.