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The Difference Between the Fiduciary Standard and the Suitability Standard If You Meet with a Financial Professional, Be Sure to Ask a Critical Question If you make an appointment with a financial advisor on behalf of yourself, your family or your company, make the following inquiry before the meeting ends: “Do you ever recommend any products […]

Investment Expenses

13 Ways to Lower Your Investment Expenses & Planning Costs

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At Balanced Rock, we’re constantly looking for ways to help our clients lower investment expenses and plan more cost-effectively. This is usually accomplished with a combination of tax savings, lower fees and expenses, value-oriented outside service providers, and the use of technology. In the aftermath of the Great Recession, with future investment returns expected by […]

fiduciary duty vs suitability standard

A War of Words – Fiduciary vs Suitability

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A War of Words – Fiduciary Duty vs Suitability Standard Here at Balanced Rock, we are constantly fighting a war of words. Fee-Only or Fee-Based? What’s the difference? Fiduciary duty or Suitability standard? Why does it matter? What’s problematic about being sold financial products? Isn’t that what all advisors do? There’s a storm of confusion in […]

Stop trying to pick active mutual funds

Your Actively Managed Funds Are Unnecessary, and Worse

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Your Actively Managed Mutual Funds Are Unnecessary, and Worse Actively managed funds continue to lose, after fees and expenses, to their passive index fund competition. Jason Zweig’s recent article in the WSJ suggests exactly what we at Balanced Rock believe – that the investment expertise of most fund managers would be better used helping clients plan […]