Elios Financial Group, an independent wealth management firm located in suburban Cleveland specializing in retirement/financial planning and fee-based investment
Thus, the wealth business is reviewing "those limited circumstances" and considering possible alternatives to its fee-based Investment
Advisory Program for some clients "in a manner consistent with a higher standard of care," he added.
Some Parthemer customers were brokerage customers, while others were fee-based investment
advisory clients that paid advisory fees for which Parthemer recommended and managed their investments.
Trump administration DOL officials might slow or reverse the push toward fee-based compensation, but some life insurance agents and other financial professionals have been moving toward fee-based arrangements on their own, to compete fee-based investment
planners and to seek a steadier revenue base.
Nationwide, for example, announced it would acquire Jefferson National, which specializes in fee-based investment
Similarly, fee-based investment
arrangements also have been on the rise.
While client activity slowed given the markets, we continued to generate solid net inflows in fee-based investment
advisory accounts and strong investment performance."
Financial broadcaster Dave Ramsey has come out against the change, saying it could hinder the ability of the Middle Class to access financial advice, while benefitting fee-based investment
He is principal of Coyle Realty Advisors, a Dallas-based real estate services firm engaged in fee-based investment
property valuation, analysis, research, expert witness testimony and counseling.
The same assets placed into a fee-based investment
portfolio will pay a smaller annual fee, but will pay it to the advisor year after year.
(member SIPC, www.sipc.org), and affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; compliance and trade monitoring solutions; referrals to independent fee-based investment
advisors; and custodial, operational and trading support for independent, fee-based investment
advisors through Schwab Advisor Services.
We employ transactional and fee-based investment
solutions for our clients.