47 Shareholder Advocacy at Risk

AIO Financial (http://aiofinancial.com) is an active participant in shareholder advocacy on behalf of our clients.  Shareholder advocacy provides a way for company owners (shareholders) to make real impacts in companies.  Advocates can address: climate change, wage inequality, disclosing political contributions, board diversification, worker rights, …  That may all change if the Financial CHOICE Act, specifically Section 844 is passed.

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44 DOL Fiduciary Rule

DOL Fiduciary Rule for financial planners

The Department of Labor (DOL) Fiduciary Rule was scheduled to start on April 10, 2017 but President Trump signed an executive order delaying the rule 180 days so that the DOL could carry out “economic and legal analysis” on the rule’s potential impact.

If this legislation is not stopped by the new administration, it will require all financial professionals who work with retirement plans to be fiduciaries and be bound legally to meet that standard.  The fiduciary standard demands that advisors act in the best interests of their clients, and to put their clients’ interests above their own. Advisors cannot conceal any potential conflict of interest and all fees and commissions must be clearly disclosed in dollar form to clients.

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#40.5 AIO Financial – Solidarity, No Hate

aio financial planners no hateMany groups in the U.S., including Mexicans, African Americans, Muslims, LGBT, immigrants and women, are feeling scared and uneasy.

By fastening a safety pin to their clothing, people are declaring themselves allies to groups who have been maligned by Trump, to show that they stand in solidarity with anyone who might be afraid.

AIO Financial


#39 Financial Scams Targeting Seniors

financial scams targeted at seniors

This blog is about financial scams that target seniors, but let me start with a few facts about this large and growing population.

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#38 The Cost of Raising Kids

cost of raising kids financial planning

The Cost of Raising Kids – what to expect

The amount you spend will vary based on several factors including:

  • where you live,
  • will you send them to private or public school,
  • do they need daycare,
  • what schooling is available and what kind are you comfortable sending them to

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#32 Leisa Peterson – WealthClinic

Leisa Peterson wealth clinic business coachIn this episode, we interview Lisa Peterson of Wealth Clinic (www.wealthclinic.com).  Leisa is a business strategist and money coach who works with people to gain clarity, peace of mind and confidence so you can get out of the rut that keeps you stuck in place. So you can design your business and life the way you want them to be.

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31 Periscope @financialplanner

If you are checking out Periscope or interested – please follow me there.  My username is @financialplanner.  I regularly ‘scope’ most weekdays just before noon Arizona time.   I speak about personal financial issues and answer questions posed during the sessions.  Please stop by a session, even just to say hi.  Thanks.

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#9 – How to Pick a Financial Advisor – Ask a Fee Only Financial Planner

In this podcast I will answer the question: How do I pick a financial advisor?  How are financial planners compensates?  What certifications or degrees should I look for?

Podcast #9 can be found below.  You can also see our video (Video 9) and blog (Blog 18) on the same topic.

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18 How to Pick a Financial Planner

Today’s question: How do I pick a financial advisor?

If you prefer, we have a podcast and video about this question.

If you feel like you need support with your finances, there is no shortage of financial advisors. One of the most important things to know is how they are being compensated. Unfortunately, financial investment firms are often very unclear about the cost of their services and investment products. This lack of transparency and concealing of fees is an unfortunate reality.PBS Frontline did a nice story about investments and advisors called the Retirement Gamble. One of their lessons was that commissions and fees can add up to significantly reduce your overall return on investments.

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6 Fiduciary Responsibility

PBS Frontline had a special a month ago about investing and retirement.  They focused on fiduciary responsibility and fees related to investing.

The 52-minute video can be seen at: http://www.pbs.org/wgbh/pages/frontline/retirement-gamble/

They state that America is facing a retirement crisis. One in three Americans has no retirement savings at all. One in two reports that they can’t save enough. On top of that, we are living longer, and health care costs, as we all know, are increasing.

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3 Fraud

We received a request over email from a client who wanted money wired to a bank for the purchase of furniture.  We filled out the Schwab paperwork and email them to her (at the email her correct email address).  She signed and returned the form but Schwab requires that we also call to verify bank wires.  Schwab also let us know that the signature did not match the signature on file and they needed to speak with her.  I called her and left a message and also emailed her saying that Schwab and we needed to speak with her.

Soon after a woman with a slight accent called saying she was our client and that we should go ahead with the wire.  Our client called later and verified that she was unaware of this wire request.  Someone had hacked into her email and was forwarding all emails from us and Schwab to another address.

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