Author: Arabian Media staff

There’s no way around it: Losing money is awful, and when losses start to add up, it’s almost a reflex to start looking for someone to blame. For many investors, the obvious culprit is the broker or financial advisor. Below, we focus on possible disputes with your financial professional and how to deal with them. Key Takeaways Financial advisors have specific regulatory obligations and fiduciary duties to their clients that are enforced by organizations like the Financial Industry Regulatory Authority (FINRA) and U.S. Securities and Exchange Commission (SEC).If you feel a violation or mismanagement has occurred, first be sure that…

If you do your own investing, have you ever wondered whether you should turn things over to a professional financial advisor? If you have significant assets, you have probably felt anxiety when making choices with your money. Perhaps you sensed that you might make better investing decisions if you knew just a little more and could invest without emotion. If this is the case, consulting a financial advisor makes perfect sense. Key Takeaways: The desire for a financial advisor usually stems from an investment loss, the need to save for retirement, or the receipt of a windfall of capital.Expect to…

Trust means everything in relationships, whether we’re focusing on those in romance, family, or finances. Trust is especially relevant in financial matters, which can be as emotionally draining, destructive and costly as anything else that we experience in our lives. An unscrupulous financial advisor can cause an unsuspecting investor to be badly hurt or even tragically wiped out of a lifetime of hard work and savings. Key Takeaways Many people seek out professional financial advice from a professional, but with so many options to choose from it may seem overwhelming to find an advisor.First, determine what level of advice and…

Financial Planner vs. Financial Advisor: An Overview When seeking help managing your money, you’ll likely come upon both financial advisors and planners. While most everyday people use these terms interchangeably, there are important differences between them. “With all the designations and acronyms in the financial services industry, it’s not surprising” there’s confusion about “these similar-sounding terms,” said Scott Bishop, CPA, PFS, and CFP at Avidian Wealth Solutions in Houston, Texas. “CFPs mainly give advice to individuals, but some advise small business owners as well…. Meanwhile, CFAs give advice to various institutions, such as banks, mutual funds, pension funds, insurance companies,…

With over 321,000 financial advisors in the U.S., you have plenty of choices in the professional you’re going to trust with your financial future. Thus, before engaging a financial advisor’s services, it’s essential to ask the right questions to know they’re truly qualified and can help you achieve your goals. These goals will often be more than simply “financial,” and the difference between reaching them and falling short will often come down to the guidance you receive, Peter Lazaroff, an Investopedia top-10 financial advisor, told us. “Advisors are offering more services for their fees, and the nature of the advice…

For most Americans, healthcare is a top personal and financial priority. Unfortunately, provider billing mistakes combined with the skyrocketing cost of healthcare services, health insurance premiums, and prescription drugs can create real financial concerns. The good news is that there are ways to keep your medical bills in check.  Key Takeaways Saving money on medical bills can be done by wisely choosing providers, such as using in-network care providers and asking for discounts.Other ways to cut costs include using generic prescriptions and getting mail-order drugs.Billing errors can increase your costs as well, thus, it pays to audit your medical bills…

The arrival of a baby can be both exciting and financially overwhelming. A baby can mean big changes and major expenses for new parents. How much money can you expect to spend on your little one in the first year? What financial tools should you consider creating? Here we’ll show you how to financially prepare for your family’s newest addition before they arrive. Key Takeaways The cost of the delivery largely depends on the location of the facility and the health insurance policy.One-time costs include a stroller and nursery furniture.Other things to consider include the cost of child care and…

Why Should You Change Your Financial Advisor? If you’re considering changing your financial advisor, you’re certainly not alone. People often decide this relationship needs to change, frequently citing a lack of communication, dissatisfaction with the investment advice and ideas being provided, or concerns about their portfolio’s performance. “Clients shouldn’t feel anxiety or guilt about moving on from an advisor that isn’t helping them achieve their goals,” David Flores Wilson, a certified financial planner at Sincerus Advisory in New York City, told us. “A straightforward conversation outlining their decision to move on and clarifying if there are any open items should…

Do I Need a Financial Advisor? As you’re sorting through your finances, you might be asking yourself if you finally need to get a financial advisor. The answer depends on your finances. In many cases, it’s a good idea to do so. When considering a financial advisor, you’ll want to check your finances so you understand which type of financial advisor would best suit your needs. Then you’ll want to review how much potential advisors cost and review their qualifications before making a decision. Key Takeaways A financial advisor helps people manage their money and map out a plan for the…

The decision to start a family can be one of the most life-changing, meaningful, and expensive that a person can make. Having a measure of control over that process means choosing the number of children you will have and when you will have them. Family planning services are key to achieving that goal. These include programs that prevent people from having accidental pregnancies, help to control the spread of sexually transmitted diseases, and affect other matters tied to fertility. U.S. clinics that provide family planning services for low-income people draw support from three places: Medicaid, the Title X Family Planning Program,…