Commonwealth ME - Reprint 99811038 - (Page 2) Fee-only advisers earn a percentage of the money they manage for you for investment. (Fees typically range from .75 percent to 1.5 percent, depending on the amount invested.) Commission arrangements mean the adviser earns payment when you invest in mutual funds with a load (sales charge). Some advisers charge fee-only for investments, but if they also sell insurance products (which often are part of a comprehensive financial plan), they may earn a commission for insurance policies. Additionally, you can pay a flat fee to have a financial plan developed. You then have the option of executing the plan yourself or having the adviser manage it for you. amount of money under their management. Others have no minimum investment, but do charge a minimum annual fee. The fee is covered if you keep a pre-set amount with them (say, $1 million); if you don’t have that much, the minimum annual fee applies. Some advisers are flexible about minimums, so if you’re interested in an adviser but don’t meet his investment level, you might want to inquire anyway. Our list is limited to advisers who require $1 million or less as a minimum. Good standing We checked each adviser against the national databases of the Securities and Exchange Commission and National Association of Securities Dealers to confirm that they had not been found guilty of any wrongdoing on a national level. Minimum portfolio Many well-established advisers require that you put a minimum CERTIFICATIONS MEAN? Many advisers on our list have certi cations in nance and nancial planning. There are several types of credentials, but we’ve limited our listing to those most well-known. CFP WHAT DO Certi ed Financial Planner: Advisers are knowledgeable about all phases of nancial planning. Personal Financial Specialist: This designation is reserved for certi ed public accountants who have additional nancial planning expertise. Certi ed Investment Management Analyst: This signi es a specialty in client-centered investment management experience. Chartered Financial Analyst: This designation focuses on portfolio management and nancial analysis for stocks and investing. Chartered Financial Consultant: This designation has traditionally been pursued by agents who wish to specialize in life insurance for business or estate-planning purposes. Financial-planning disciplines include insurance, income taxation, and retirement planning. Chartered Licensed Underwriter: A specialist in life insurance and estate planning. PFS WHERE TO GET HELP The following organizations offer resources for investors considering a financial planner: The Financial Planning Association www.fpafor nancialplanning.org 800-322-4237 National Society of Certi ed Healthcare Business Consultants www.nschbc.org 703-234-4099 CIMA CFA National Association of Personal Financial Advisors www.napfa.org 847-483-5400 Certi ed Financial Planner Board of Standards Inc. www.cfp.net 800-487-1497 ChFC CLU Financial ADVISERS for Doctors BEST SOUTH CAROLI NA Nathan P Straus . CFP Director of Physician Services 225 Seven Farms Drive • Ste 106 • Daniel Island, SC 29492 Toll Free: 888-858-5213 • Ph: 843-884-4545 • No minimum Nathan.straus@commonwealthfg.com • www.commonwealthfg.com Registered Representative and Investment Advisory Representative. Securities and Investment Advisory Services offered through Securian Financial Services, Inc., Member FINRA/SIPC. Commonwealth Financial Group is independently owned and operated. Medical Economics is not affiliated with Securian Financial Services. DOFU 11/17/08 36199 © Reprinted from Medical Economics, November 7, 2008 Printed in U.S.A. http://www.fpaforfinancialplanning.org http://www.napfa.org http://www.nschbc.org http://www.cfp.net http://www.commonwealthfg.com http://www.commonwealthfg.com
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