Welcome to Extreme Investor Network, where we aim to help you make smart money decisions in all aspects of personal finance. From stock market volatility to tax law changes, we’re here to break down the news for you.
Our commitment to financial education is exemplified in our recognition of the importance of financial planning at every stage of life and income level. That’s why we’re proud to present the CNBC FA 100 list, now in its sixth year, which ranks the country’s top financial advisor firms.
The CNBC FA 100 list uses a proprietary methodology developed in collaboration with data provider AccuPoint Solutions. We start by analyzing SEC filings of nearly 41,000 registered investment advisory firms, narrowing down the list to the top-ranked advisors. These firms have an average of 35 years of experience and collectively manage over $375 billion in assets. But our ranking goes beyond just experience and assets under management – we also consider service offerings, specialties, and the number of certified financial planners within each firm.
The benefits of financial planning are vast and impactful throughout life, not just during retirement. According to T. Rowe Price’s 2023 Retirement Savings and Spending Study, clients often seek out advisors in the five years before and after retirement to help navigate their financial decisions. Certified financial planner Paul Brahim highlights the value of having a partner in decision-making through financial planning, regardless of your life stage.
If you’re considering working with a financial planner, it’s essential to ask the right questions to ensure they are the right fit for your family’s needs. The CFP Board recommends asking the following 10 questions when interviewing prospective advisors:
1. What are your qualifications and credentials?
2. What services do you offer?
3. Will you have a fiduciary duty to me?
4. What is your approach to financial planning?
5. What types of clients do you typically work with?
6. Will you be the only advisor working with me?
7. How will I pay for your services?
8. How much do you typically charge?
9. Do others stand to gain from the financial advice you give me?
10. Have you ever been publicly disciplined for any unlawful or unethical actions in your career?
Don’t forget to do your due diligence by checking the advisor’s record on BrokerCheck and with the SEC, and verifying their CFP certification with the CFP Board.
At Extreme Investor Network, we’re here to help you navigate the world of personal finance and make informed decisions that will benefit you for years to come. Stay tuned for more valuable insights and advice on managing your finances wisely.