FAS’s approach to investing is strategic. Decades of financial market history shows that tactical investing – altering your asset allocation over time in the hopes of outperforming – often underweights the best performing asset classes. FAS’s Asset Allocation models reduce the tactical high risk of error and rely on a strategic allocation across asset classes. But our strategic models are like no others. The engineering behind them builds on three key insights.
As the host of "The Dave Ramsey Show," the third-largest radio program in the United States for 2018, Ramsey teaches more than 13 million daily listeners how to get out of debt quickly. He is an Evangelical Christian and, as such, uses Bible-based principles to teach people how to succeed with money. In each episode of his show, Ramsey responds to a wide range of money-related questions that are asked by callers. These questions may include how to properly invest an unexpected inheritance and the best way to pay off several credit card balances. Ramsey has written a number of New York Times bestselling personal finance books over the years, including "The Total Money Makeover" and "Dave Ramsey’s Complete Guide to Money."
Many financial advisors in Canada call themselves financial planners yet only hold licences to sell personal financial products (primarily investments and insurance), or use non-expiring qualifications with no monitoring or public accountability process (such as the Personal Financial Planner / PFP designation). There are only two publicly monitored and fully regulated financial planning designations outside of Quebec – the CFP (Certified Financial Planner) and the R.F.P. (Registered Financial Planner) designations.
Personal Capital funded a research study that found that nearly half of Americans erroneously believe all advisors are legally required to always act in their clients' best interest. Not only is this wrong, but it can also be damaging to the millions of savers and investors who unwittingly expose themselves to biased and potentially dangerous advice from advisors who can do what is best for themselves, at the expense of their clients.
Employers will also be required to conduct periodic in-house reviews of the fiduciary advisor to ensure that the advisor continues to adhere to the initial criteria the advisor had met when he or she was hired. In fact, the PPA Act allows for an exception to the Securities and Exchange Commission (SEC) rule that prohibits advisors from using historical investment results for clients in written literature or advertising of any kind.
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