BFM_Compensation
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This document discusses different compensation options for financial advisors: salary only, salary plus bonus, commission based, fee-based, and fee-only. It outlines some potential pros and cons of each model from the perspective of both the advisor and client, such as incentives around certain products, fees, transparency, and conflicts of interest. The fee-only model, which the author's firm uses, is presented as having fees that are transparent and eliminating conflicts of interest between products and advice, while being potentially the least expensive option for medium to larger portfolios.
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A mutual fund is a pool of money managed by a professional Fund Manager. It is a trust that collects money from a number of investors who share a common investment objective and invests the same in equities, bonds, money market instruments .
Unit 14e Managed Fund performance and fees
This document discusses various fees associated with managed funds. Active managers try to achieve returns higher than the market index but may charge higher fees. Passive managers match the market index and have very low fees. Entry and exit fees are usually around 4% and paid to the financial advisor. Buy-sell spreads of 0.3-1.0% cover transaction costs. Administration fees, called the Management Expense Ratio (MER), normally range from 1.4-2.0% per year and cover advisor commissions and fund management. Wholesale funds have lower MERs but require higher minimum investments.
Advisors can help you increase returns
An investment advisor can increase investment returns by an average of 3 percentage points according to a Vanguard study. The study identified five primary ways advisors provide this value: 1) helping clients diversify their portfolio across different asset classes, 2) keeping clients focused on their long-term investment plan during market volatility, 3) avoiding high fees by investing in low-cost funds, 4) regularly rebalancing the portfolio to maximize returns, and 5) reducing taxes in retirement through strategic withdrawals. Working with an advisor as a financial coach can yield returns 3 points higher, or a 40% increase compared to going it alone.
What Is The Value Of A Consultant
The document discusses the value of working with a benefits consultant versus a broker. It defines brokers as representing employers in the insurance marketplace and focusing on product-centered services, while consultants are hired for benefits design advice and focus on long-term goals and reducing both fixed and variable costs. The document also outlines how consultants can address plan costs and service, their relationship with insurance providers, and how they are typically compensated.
Capital structure
This document discusses capital structure and the tradeoffs between debt and equity financing. It notes that the two ways for a business to make money are through debt, which requires fixed payments, or equity, where cash flows are left over after debt payments. It then discusses the costs and benefits of using debt, including tax benefits, added management discipline, bankruptcy costs, agency costs, and loss of flexibility. The document analyzes how these factors impact a firm's optimal capital structure and financing decisions.
IFG Overview
The Independent Financial Group is a registered investment advisor owned by James Lorenzen, who has over 20 years of experience in financial consulting. The firm provides fee-only financial planning and investment advisory services and does not accept commissions. Lorenzen holds the CFP® and AIF® designations and ensures all client interactions are governed by a fiduciary standard to avoid conflicts of interest.
How Wealthy People Use Professional Money Management
http://ekinsurance.com/financial/money-management/
Just as surgeons don't operate on themselves, wealthy people usually do not invest their own money. They have investment professionals manage their money for them.
Discussion 1
This document provides an introduction to contemporary managerial finance. It discusses the goal of financial management, which is to maximize the value of owners' equity for for-profit organizations. It also examines agency problems that can arise between shareholders and managers due to conflicting interests. The document outlines different forms of business organization and notes that as businesses grow, the corporate form allows for easier raising of capital. It describes the role of the financial manager is to make decisions that increase stock value for shareholders.
Mutual fund
The document discusses mutual funds, which are investment vehicles that collect money from individual investors and invest it in stocks, bonds, and other securities. Returns from these investments are shared with investors according to the agreement. Mutual funds offer investors diversification and professional management of their funds at a relatively low cost. However, mutual funds also charge fees that reduce investors' returns. Overall, mutual funds can provide reasonable long-term returns for individual investors while reducing risk compared to investing in individual stocks.
Mutual fund
The document discusses mutual funds, which are investment vehicles that collect money from investors and invest it in stocks, bonds, and other securities. Returns from these investments are shared with investors according to the agreement. The key points are:
- Mutual funds allow individual investors to participate in a diversified portfolio managed by professionals at a low cost.
- Investors can choose from different types of mutual funds based on their goals, such as growth funds, income funds, and balanced funds.
- While mutual funds provide benefits like diversification and professional management, they also involve fees and risks that are lower than direct stock investments.
- It is important for investors to understand the costs, risks and their rights involved
Know the difference: brokers vs. advisors
This document discusses the key differences between brokers and advisors. Brokers are held to a "suitability standard" where they must provide options that suit a client's needs but may not be the least expensive or best match. Advisors are fiduciaries held to the "fiduciary standard" where they are required to put their client's interests ahead of their own. Brokers are typically commission-based while advisors' compensation is usually fee-based such as a percentage of assets under management. The document provides an example of how costs for mutual funds purchased through a broker can add up to 2-4% annually without an investor's awareness.
Fiduciary pledge
Did you know financial advisors don't have to put your financial interests first? Protect your financial future today. Ask your financial advisor to sign the Fiduciary Pledge.
Download a free copy of the fiduciary pledge that you can use to hold your financial advisor to the "fiduciary duty" standard.
Bfm howti pickfund_old
The document provides guidance on important factors to consider when screening and selecting mutual funds. Key things to look at include the fund's strategy, risks, expenses, past performance, management, and tax efficiency. It is also important to consider the fund's ratings from third party sources and to select funds with lower fees and risks appropriate for the investor's tolerance. Understanding the fund's prospectus and other documents is also fundamental before investing.
Why Do You Need a Consultant for your business?
Many people have misconception or lack of understanding about How Consultants work?
This document will probably answer all Major Questions what usually a Business Owner have before hiring a Consultant. Some of them are below.
Dos and Dont for Consultants
Why they charge so high?
Why a Business should hire a consultant?
How can a consultant help my business?
What are the different types of consultants?
How much does a consultant typically charge?
How do I find the right consultant for my business?
What should I look for in a consultant?
What questions should I ask a consultant before hiring them?
How long does a typical consulting engagement last?
What is the process for working with a consultant?
How can I measure the success of a consulting engagement?
Advisory Shares and its Valuation A Complete Guide
The term “Advisory Shares” refers to the equity compensation offered to experts and advisors by the business in its early period.
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BFM Presentation 2013
Because you are unique, we work individually with you, customizing our advice and services to better suit your particular needs.
BFM_Questionnaire_2011
The document is a questionnaire for a client seeking to develop a customized financial strategy. It aims to understand the client's situation, needs, investment horizon, risk tolerance, goals for areas like retirement, education savings, estate planning, and more. The client is asked qualitative questions about their values, finances, dreams, and preferences to help the financial advisor build an appropriate plan.
BFM_FAQ
The document provides frequently asked questions (FAQs) about Bourbon Financial Management (BFM), an independent financial advisory firm. BFM accepts a fiduciary duty to act in clients' best interests. The owner, Patrick Bourbon, has over 15 years of experience in financial services. BFM provides investment management and advisory services for clients worldwide for a fixed annual fee based on assets under management, with no minimum portfolio size. Clients retain control of their funds and BFM does not guarantee any returns.
Best of BFM Newsletters
The document discusses how human behavior and emotions can negatively impact investment decision making. It provides three key points:
1) Investors tend to conform to the views of others and the "herd mentality" because agreeing with the group triggers reward centers in the brain. This can cause sudden shifts in market sentiment.
2) Learning that experts agree on the value of an investment, even if you disagree, activates brain regions associated with pain, grabbing our attention.
3) True independent thinking is difficult because conforming feels good biologically and psychologically. Investors are urged to thoroughly research investments independently of market views.
The Human Brain
The human brain has an amazing ability to understand written language even when letters are jumbled within words, as long as the first and last letters are in the right place. This is because the brain does not read each letter individually but recognizes words as a whole. Optical illusions can confuse the eyes and brain by creating visual phenomena that appear to move, change, or be impossible through the use of patterns, shapes, and colors that trick visual perception in interesting ways.
Countries and Culture in Behavioral Finance
The document discusses how culture influences investment decisions. It provides examples showing that people from different cultures have varying attitudes towards risk tolerance. Surveys found that people from high corruption countries were more likely to break parking laws, and that countries differed in their preferences for maximization and regret avoidance. Individualistic cultures tend to be more risk tolerant than collectivistic cultures due to differences in downside protection. Islamic finance principles prohibit interest, require ethical investments, and forbid speculation. Financial advisors must understand a client's cultural background to provide suitable advice.
How to Pick Better Mutual Funds?
1) Selecting good mutual funds is extremely difficult as only 20% may outperform their benchmark over the long run and 40% of funds from 10 years ago are no longer in existence.
2) Both qualitative and quantitative factors must be analyzed to select funds, including the people and process behind the fund, fees, performance metrics, and consistency with the stated investment philosophy.
3) Most active funds underperform their benchmarks, so investors must decide whether to pursue an active or passive strategy based on their goals, beliefs about market efficiency, and ability to identify skilled managers. Choosing funds requires extensive research and analytical skills.
Let’s Put Things in Perspective
The document summarizes that:
1) The recent summer stock market decline was relatively small compared to past corrections.
2) The US economy and company fundamentals do not indicate an impending recession.
3) Stock valuations remain reasonable given long-term market trends of volatility followed by growth.
Bfm newsletter Challenges in Financial Advising From the Scope of Behavioral ...
Bfm newsletter Challenges in Financial Advising From the Scope of Behavioral ...Bourbon Financial Management, LLC
1) The document discusses challenges in financial advising from the perspective of behavioral finance. It covers intuitive vs reflective minds, investor paralysis after the 2008 crisis, lack of investor discipline, and loss of trust in financial institutions.
2) To address investor paralysis, the document recommends an "Invest More Tomorrow" strategy where investors pre-commit to periodic investments to overcome loss aversion and procrastination.
3) To address lack of discipline, it suggests a "Ulysses Strategy" where investors pre-commit to a rational investment plan through a signed memorandum to resist herd behavior.
4) To regain trust, advisers should demonstrate competence by admitting luck, discussing downsides, showing empathy through frequent contact, andInvestment Decision Making
1. The document summarizes research on behavioral economics and investment decision making, outlining factors that influence risk appetite and decisions like myopic loss aversion, information overload, and sunk cost bias.
2. It recommends practices for investors like continuously learning, understanding objectives and risk tolerance, comprehensively evaluating options, and not making comparisons or changing investments too frequently.
3. The conclusion urges focusing on feeling good when making important decisions and gaining a pragmatic approach through recommendations to become a cognizant long-term investor.
Understanding Behavioral Finance- Rationality & Decision Making
The document summarizes key points from a talk by Dan Ariely on behavioral economics and irrational decision making. [1] Vision can strongly influence judgments through illusions, like perceiving different lengths or colors based on background. [2] "Default" options, like opt-in vs opt-out organ donation, significantly impact choices by exploiting human tendency to pick the easier option. [3] Even professionals make irrational lapses, like surgeons not exploring alternative treatments due to complexity. Happiness depends more on relative salary than absolute salary. Preferences are influenced by how choices are framed through comparison.
BFM in the News!
Patrick Bourbon used his skills in anticipating changes and independent thinking developed at UBS to launch his own investment advisory firm, Bourbon Financial Management, during a time of global financial crisis. His firm provides independent financial advice and long-term investments to help clients achieve their goals. Bourbon emphasizes education and ethics to rebuild trust in the financial system. He also teaches finance and supports his community.
BFM Brochure
Patrick Bourbon is the founder of Bourbon Financial Management. He has over $1 billion in assets under management and oversees investments for more than 60,000 people as Chief Investment Officer of ProManage. Bourbon has a decade of experience in portfolio management and holds a CFA designation, as well as master's degrees in finance and engineering. Bourbon Financial Management provides customized wealth management plans and financial advice to help clients achieve their life goals, increase their wealth over the long term, and enjoy a secure retirement.
BFM September 2011 Newsletter - Let's Put Things in Perspective
- The document analyzes the recent stock market decline and concludes it was relatively minor compared to past downturns.
- U.S. companies are currently in better financial shape than during previous downturns and several economic indicators do not currently signal a recession.
- While stocks are volatile in the short-term, they have consistently outperformed other asset classes over long periods and diversification helps reduce risk.
BFM in a Magazine!
Bourbon Financial Management specializes in increasing the wealth and retirement income of its clients, investment education, and customized financial planning for estate preservation and asset allocation optimization. BFM enables its clients to reach their goals through independent financial advice and balanced long-term investments. We specialize in providing customized and unbiased solutions to individuals and their families.
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做澳洲澳大利亚国立大学毕业证荣誉学位证书原版一模一样
原版一模一样【微信：741003700 】【澳洲澳大利亚国立大学毕业证荣誉学位证书】【微信：741003700 】学位证，留信认证（真实可查，永久存档）offer、雅思、外壳等材料/诚信可靠,可直接看成品样本，帮您解决无法毕业带来的各种难题！外壳，原版制作，诚信可靠，可直接看成品样本。行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备。十五年致力于帮助留学生解决难题，包您满意。
本公司拥有海外各大学样板无数，能完美还原海外各大学 Bachelor Diploma degree, Master Degree Diploma
1:1完美还原海外各大学毕业材料上的工艺：水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠。文字图案浮雕、激光镭射、紫外荧光、温感、复印防伪等防伪工艺。材料咨询办理、认证咨询办理请加学历顾问Q/微741003700
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
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"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.在线办理(GU毕业证书)美国贡萨加大学毕业证学历证书一模一样
学校原件一模一样【微信：741003700 】《(GU毕业证书)美国贡萨加大学毕业证学历证书》【微信：741003700 】学位证，留信认证（真实可查，永久存档）原件一模一样纸张工艺/offer、雅思、外壳等材料/诚信可靠,可直接看成品样本，帮您解决无法毕业带来的各种难题！外壳，原版制作，诚信可靠，可直接看成品样本。行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备。十五年致力于帮助留学生解决难题，包您满意。
本公司拥有海外各大学样板无数，能完美还原。
1:1完美还原海外各大学毕业材料上的工艺：水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠。文字图案浮雕、激光镭射、紫外荧光、温感、复印防伪等防伪工艺。材料咨询办理、认证咨询办理请加学历顾问Q/微741003700
【主营项目】
一.毕业证【q微741003700】成绩单、使馆认证、教育部认证、雅思托福成绩单、学生卡等！
二.真实使馆公证(即留学回国人员证明,不成功不收费)
三.真实教育部学历学位认证（教育部存档！教育部留服网站永久可查）
四.办理各国各大学文凭(一对一专业服务,可全程监控跟踪进度)
如果您处于以下几种情况：
◇在校期间，因各种原因未能顺利毕业……拿不到官方毕业证【q/微741003700】
◇面对父母的压力，希望尽快拿到；
◇不清楚认证流程以及材料该如何准备；
◇回国时间很长，忘记办理；
◇回国马上就要找工作，办给用人单位看；
◇企事业单位必须要求办理的
◇需要报考公务员、购买免税车、落转户口
◇申请留学生创业基金
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
真实可查(nwu毕业证书)美国西北大学毕业证学位证书范本原版一模一样
原版定制【微信:bwp0011】《(nwu毕业证书)美国西北大学毕业证学位证书》【微信:bwp0011】成绩单 、雅思、外壳、留信学历认证永久存档查询，采用学校原版纸张、特殊工艺完全按照原版一比一制作（包括：隐形水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠，文字图案浮雕，激光镭射，紫外荧光，温感，复印防伪）行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备，十五年致力于帮助留学生解决难题，业务范围有加拿大、英国、澳洲、韩国、美国、新加坡，新西兰等学历材料，包您满意。
【业务选择办理准则】
一、工作未确定，回国需先给父母、亲戚朋友看下文凭的情况，办理一份就读学校的毕业证【微信bwp0011】文凭即可
二、回国进私企、外企、自己做生意的情况，这些单位是不查询毕业证真伪的，而且国内没有渠道去查询国外文凭的真假，也不需要提供真实教育部认证。鉴于此，办理一份毕业证【微信bwp0011】即可
三、进国企，银行，事业单位，考公务员等等，这些单位是必需要提供真实教育部认证的，办理教育部认证所需资料众多且烦琐，所有材料您都必须提供原件，我们凭借丰富的经验，快捷的绿色通道帮您快速整合材料，让您少走弯路。
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
【关于价格问题（保证一手价格）】
我们所定的价格是非常合理的，而且我们现在做得单子大多数都是代理和回头客户介绍的所以一般现在有新的单子 我给客户的都是第一手的代理价格，因为我想坦诚对待大家 不想跟大家在价格方面浪费时间
对于老客户或者被老客户介绍过来的朋友，我们都会适当给一些优惠。
快速办理(SMU毕业证书)南卫理公会大学毕业证毕业完成信一模一样
学校原件一模一样【微信：741003700 】《(SMU毕业证书)南卫理公会大学毕业证》【微信：741003700 】学位证，留信认证（真实可查，永久存档）原件一模一样纸张工艺/offer、雅思、外壳等材料/诚信可靠,可直接看成品样本，帮您解决无法毕业带来的各种难题！外壳，原版制作，诚信可靠，可直接看成品样本。行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备。十五年致力于帮助留学生解决难题，包您满意。
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Discover the Future of Dogecoin with Our Comprehensive Guidance
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"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
RMIT University degree offer diploma Transcript
澳洲RMIT毕业证书制作RMIT假文凭定制Q微168899991做RMIT留信网教留服认证海牙认证改RMIT成绩单GPA做RMIT假学位证假文凭高仿毕业证申请墨尔本皇家理工大学RMIT University degree offer diploma Transcript
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- 1. Financial Adviser Compensation Options Why BFM chose to be « Fee Only » Before you can figure out which kind of financial advisor might be right for you, it helps to get a basic idea of the different compensation options they could work under. It’s important to know, but the type of compensation method used shouldn’t be the sole decision making criteria when choosing an advisor. There’s much more to it than just that. You might think from a dollars and cents perspective, one option is clearly better than the other, but in many cases I would argue it is not that cut and dry. Also, these delineations do not speak to the actual abilities or individual attributes of the advisors – it’s possible that an advisor that operates under one option (which might be generally better for a certain type of investor) would work out better for you. 1. Salary Only Advisors do not receive bonuses or commissions on top of a base salary. Cons Advisor has no incentive to “go above and beyond”, they continue to earn their salary as long as they perform basic functions Turnover can be high with the company as advisors may leave for a higher paying model after establishing relationships with clients (may try to take them with them), or just gaining experience and wanting to grow or face new challenges Investment shelf may not be complete – less likely to offer access to much beyond GICs and Mutual Funds 2. Salary Plus Bonus The bonus is essentially based on a number of factors such as the number of dollars they had clients transfer in to mutual funds, GICs, bank accounts, etc. Advisors may get rewarded for bringing in business to other areas of the bank such as the mortgage department, creditor insurance policies, referring up to the full service brokerage, etc. Cons Bonus structure puts emphasis on products Advisor may deal with over 1,000 clients – makes it harder to develop deep relationship between advisor and client Investment product shelf limited to mostly mutual funds, GICs, some emphasis on proprietary portfolios Less competitive on costs as portfolios grow in size (perhaps beyond $100,000)
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