Today marks the three-year anniversary of the launch of MY Wealth Planners®, Longmont’s first-and-only fee-only financial planning firm, a title that it maintains to this day. While the path to launching MY Wealth Planners started four and a half years prior as a “supported independence” practice under Waddell & Reed, the launch into full-blown entrepreneurship is both exciting and just …
Jason Zweig is arguably one of the most effective watchdogs of the financial advice industry. With a 30 year career in following the finance industry, he’s contributed to some of the hardest hitting journalism, uncovering issues with misconduct both among advisors, associations, and regulators. Five years ago, Zweig published his list, “19 Questions to Ask Your Financial Advisor” in the …
It’s no surprise that we don’t know everything. Bring up a topic such as rocket science or neurosurgery and anyone will throw up their hands and say, “I don’t know anything about that,” except, of course, for the rocket scientists and the neurosurgeons. Yet, as we move down the spectrum of complexity, people become more confident, even bolder in their …
I’m writing this on a plane flight to the Financial Planning Association’s NexGen Gathering. There’s a bit of warm nostalgia in being on this flight; not because I have a deep fondness for packaged pretzels or half-cans of ginger ale, but because NexGen Gathering has been a significant touchstone in my professional career. The last time NexGen Gathering was held …
I’m consternated. For anyone who reads my normal weekly content, this may or may not be for you. This is more of a complaint or concern than an educational piece, but it’s one I feel a need to voice. This year, “Prohibited Transaction Exemption” or “PTE 2020-02” was released, giving guidance to financial planners and advisors about how they needed …
Well, this is an awkward brag of sorts, but as of May 31st this year, it appears I’ve become a millionaire. I’ll get it out of the way and say that I don’t feel like a millionaire. I certainly don’t live like one, or at least, I don’t live like what I’d think of a millionaire as living like. I’m …
The Allianz Scandal Today the SEC announced that it had reached a settlement with Allianz to the tune of a billion-dollar fine and five billion dollars in restitution to victims of a fraudulent portfolio management scheme. In short, three of its senior portfolio managers had glossed over the potential risks of an options trading strategy that was sold to 114 …
If you read our email over the weekend, you know that I published a book, that was ranked as the #1 New Release in Wealth Management on Amazon! That said, the book is not targeted at our clients, nor is it an investing or personal finance book. So why did I write the book? First and foremost, the reason is …
Hello everyone, thank you for coming to our Ted Talk this week! Today we’re going to cover the state of the firm, the mission of the firm, and the 2022 vision going forward. A Bit of History The firm started as Daniel’s personal financial planning practice in 2015, originally affiliated with Waddell & Reed Financial Advisors as an independent practice. …
Well, the cat’s out of the bag. Yesterday, Investopedia announced its Top 100 Financial Advisors of 2021, and we were ecstatic to learn that Daniel Yerger was one of the award recipients and the only one representing Colorado. Notably, the Top 100 from Investopedia is different from many awards in the financial industry. It’s not uncommon to see lists of …