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Streamline Advisor Searches by Using Technology

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Before the Covid-19 pandemic infected, financial advisors valued personal meetings with their clients. These meetings are vital for financial planning. Below are some resources for your financial expert search. These resources can help you narrow down the field to financial advisors with the appropriate certifications. Three examples of professional designations are Boomerater, Retirement Income Certified Pros, and Chartered Financial Consultants.

XY Planning Network's Find an Advisor portal

XYPN has launched a new web portal for financial planners that will allow them to focus on their clients and improve their service offerings. The beta testing phase of the XY Portal should begin by the end of March and be available for all XYPN members by the beginning of Q1 2019. There are two key components of this new web portal: technology and human expertise. Using technology to streamline the process of searching for a financial advisor helps financial planners make better decisions and free up time for client work.

XYPN’s financial planners work independently and charge a nominal fee. The network's Find an Advisor portal allows you to search for a financial advisor near you. There are over 1000 advisors on the portal, with an average age 39. All advisors in the network charge a fee, meaning they do not have to work for big companies. Instead, XYPN's advisory team is independent and provides services to Generation Y or Generation X clients.


Boomerater's directory is a great resource for seniors looking to find a financial advisor. Boomerater lists a wide range of advisors and financial planners, sorted by zip code. Users can browse the directory of financial advisors, view detailed profiles and read articles by financial advisors. To make your search as easy as possible, check out the helpful resources listed below.

Chartered Financial Consultants

A Chartered Financial Consultant, a professional with specialized knowledge of financial planning, is a Financial Consultant. American College of Financial Services grants this title. These professionals specialize in a variety of financial planning strategies. They are considered experts in their areas. The requirements for becoming a chartered financial consultant are rigorous and they have been certified to offer the best service to clients. They are also required to continue education in order to stay current with all the latest technology and trends within the industry.

While non-credentialed financial experts may not have the same information capabilities as Chartered Financial Consultants, a ChFC typically makes a better salary than other agents. These people can also apply to management positions. The American College is only educational institution that offers the ChFC Curriculum. The American College charges $599 to take one course and $135 to purchase supplemental study material. The cost of continuing education is expensive after that.

Retirement Income Certified Professionals

A RICP, which stands for Retirement Income Certified Professional, refers to a financial planner that is licensed to give clients customized retirement plans. RICPs are skilled in retirement planning techniques including estate planning, Medicare options, as well as health insurance. They also have knowledge of tax implications and ways to reduce investment risk. These professionals may be particularly well-suited to the rapidly growing older population segment. This market could offer planners a significant opportunity.

To be eligible for this designation, an adviser must have extensive training in retirement planning. There are two types of certification available: RICP and CRC(r). The CRC(r) certification focuses on the middle market and is a result of a partnership between a leading university financial planning program and the retirement industry. The CRC(r) certification requires that a candidate pass a background check. They also have to adhere to a code.


Do I need to make a payment for Retirement Planning?

No. This is not a cost-free service. We offer free consultations that will show you what's possible. After that, you can decide to go ahead with our services.

What are the most effective strategies to increase wealth?

You must create an environment where success is possible. You don't want to have to go out and find the money for yourself. You'll be spending your time looking for ways of making money and not creating wealth if you're not careful.

Also, you want to avoid falling into debt. Although it is tempting to borrow money you should repay what you owe as soon possible.

You set yourself up for failure by not having enough money to cover your living costs. And when you fail, there won't be anything left over to save for retirement.

Therefore, it is essential that you are able to afford enough money to live comfortably before you start accumulating money.

How to beat inflation with savings

Inflation can be defined as an increase in the price of goods and services due both to rising demand and decreasing supply. It has been a problem since the Industrial Revolution when people started saving money. The government attempts to control inflation by increasing interest rates (inflation) and printing new currency. However, there are ways to beat inflation without having to save your money.

Foreign markets, where inflation is less severe, are another option. An alternative option is to make investments in precious metals. Since their prices rise even when the dollar falls, silver and gold are "real" investments. Investors who are worried about inflation will also benefit from precious metals.

What is risk management and investment management?

Risk Management refers to managing risks by assessing potential losses and taking appropriate measures to minimize those losses. It involves identifying and monitoring, monitoring, controlling, and reporting on risks.

Any investment strategy must incorporate risk management. The goal of risk-management is to minimize the possibility of loss and maximize the return on investment.

These are the main elements of risk-management

  • Identifying sources of risk
  • Monitoring and measuring the risk
  • How to reduce the risk
  • Manage the risk

How does Wealth Management work

Wealth Management is a process where you work with a professional who helps you set goals, allocate resources, and monitor progress towards achieving them.

Wealth managers are there to help you achieve your goals.

You can also avoid costly errors by using them.


  • If you are working with a private firm owned by an advisor, any advisory fees (generally around 1%) would go to the advisor. (nerdwallet.com)
  • A recent survey of financial advisors finds the median advisory fee (up to $1 million AUM) is just around 1%.1 (investopedia.com)
  • These rates generally reside somewhere around 1% of AUM annually, though rates usually drop as you invest more with the firm. (yahoo.com)
  • US resident who opens a new IBKR Pro individual or joint account receives a 0.25% rate reduction on margin loans. (nerdwallet.com)

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How To

How to save money on salary

Saving money from your salary means working hard to save money. If you want to save money from your salary, then you must follow these steps :

  1. You should start working earlier.
  2. You should reduce unnecessary expenses.
  3. Online shopping sites like Flipkart or Amazon are recommended.
  4. Do not do homework at night.
  5. It is important to take care of your body.
  6. It is important to try to increase your income.
  7. Live a frugal existence.
  8. It is important to learn new things.
  9. You should share your knowledge with others.
  10. Read books often.
  11. Rich people should be your friends.
  12. It is important to save money each month.
  13. It is important to save money for rainy-days.
  14. You should plan your future.
  15. Time is not something to be wasted.
  16. You should think positive thoughts.
  17. You should try to avoid negative thoughts.
  18. God and religion should be given priority
  19. Maintaining good relationships with others is important.
  20. You should enjoy your hobbies.
  21. Self-reliance is something you should strive for.
  22. Spend less than you earn.
  23. Keep busy.
  24. Be patient.
  25. Always remember that eventually everything will end. It's better if you are prepared.
  26. You should never borrow money from banks.
  27. It is important to resolve problems as soon as they occur.
  28. You should strive to learn more.
  29. You need to manage your money well.
  30. It is important to be open with others.


Streamline Advisor Searches by Using Technology