May
12

A Trustee’s Fiduciary Duties

I believe the majority of trusts are managed by family members rather than professional trustee or fiduciaries. That is hard to prove since trusts are private documents, but my near 30 years of experience working with trustees makes me believe that is the case.  Having family members act as trustee saves money over the cost […]

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Apr
26

The Morgan Report 2016 Q1 Review: In Tension or Intention?

posted on April 26th 2016 in Austin CFP Team Posts & Your Financial Advisor with 0 Comments

You’re intelligent, educated, and working toward success combined with a life balance and happiness. Things seem to be going well for the moment, but there’s an undercurrent of tension in your life with things changing, many future unknown variables, and time-constraints that limit your mental focus to the details and noise of today as opposed […]

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Mar
30

How to Lose at Investing: Follow Your Gut

Financial Planning magazine reported that its “perceived risk-tolerance level” barometer had dropped 7 points from January to 27.9 in February — the lowest level since its inception. This barometer seeks to measure clients’ (or self-directed investors’) appetite for risk. In looking at the readings over the last 12 months, it’s very easy to understand why […]

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Mar
28

Your Feelings About the Market are Probably Wrong

posted on March 28th 2016 in Fort Worth CFP Team Posts & Your Financial Advisor with 0 Comments

According to Thomson Reuters Lipper, investors pulled over $60 billion from mutual funds in January, the worst month of outflows we’ve seen in years. Mutual fund outflows are one way to get an idea of what retail investors are doing. Whether they are self-directing or calling up their advisors and demanding their plan be thrown […]

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Mar
03

Run Your Domestic Staff like Your Business

posted on March 3rd 2016 in Your Financial Advisor with 0 Comments

Often times when clients talk asset protection with their CFP® professional, they want to discuss how to avoid poor investment choices and how to save their profits from taxation to create a strong foundation of assets that protect them and their lifestyle. But asset protection is more than that; it’s making strong, smart decisions that […]

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