Browsing: Fee Only

Where Will You Find Our Clients?

Where Will You Find Our Clients?

One question we sometimes get is “where do our clients live?”   We decided to take a look, and the findings may surprise you. Clients and friends often assume that most of our clients live in the Ann Arbor area, but just over a quarter of our clients actually reside in Ann Arbor. And while the… read more

New Year’s Resolutions for Your 401(k)

Happy New Year, especially for your 401(k)! Year-end 401(k) and other retirement plan statements are now coming out and there’s reason for excitement: the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all posted excellent returns in 2017. Even the international markets, which have lagged the last few years, participated in the rally. So… read more

Retirement Tax Planning Opportunities

Pre-retirees are often focused on how much money that they’ll be able to draw for their retirement income, but how much you can spend will depend on how the withdrawals are taxed.  Incorporating sophisticated tax planning into your retirement income plans can offer some opportunities to save a substantial amount of taxes. Most couples with… read more

Investor Protection Rule Gets Trumped

Less than two weeks after taking office, President Trump directed the Department of Labor to review implementation of a new rule to protect investors.  The DoL’s fiduciary rule, first proposed in 2010, would require brokers, insurance agents, financial planners and others that give financial advice on retirement plans to put their client’s interests first. Wall… read more

Frank Elected NAPFA Chair

The National Association of Personal Financial Advisors (NAPFA) recently elected Frank Moore, Vintage’s founder and CEO, to be the next Chairman of the national board of directors.  Frank has been active with NAPFA for several years and previously served as president and chairman of the Midwest Region Board.  He began a three year term on… read more

What’s Fee Only?

In the financial planning profession there is a small minority of planners that refer to themselves as “fee only”.  No one wants to pay fees so why would they promote themselves like this?   Fee only refers to the way that advisors are compensated.  It isn’t in addition to commission based compensation so it isn’t… read more

Financial Advisor Compensation Conflicts

In the financial services industry there are different types of financial advisors with different regulators and different compensation structures.  Financial advisors or planners are typically regulated by the SEC, FINRA and/or the state insurance commissioner.  Those regulated by the SEC can charge fees while FINRA and insurance licensed advisors are paid via commissions.  Some advisors… read more