Updates from Organizations - Government agencies - Advertise Various Artists

3 Signs Your Money Has Outgrown

Your Investment Advisor

While some people in the retirement-planning stages worry about outliving their money, others have a different concern: that their money is outgrowing their investment advisor.

It’s not unusual for the size of the client’s investment to increase well beyond their advisor’s level of experience and knowledge. Higher net-worth individuals often demand more creative, sophisticated planning for their needs than their original advisor is able to provide.

“Many affluent clients have graduated from their advisor’s capabilities, but are still working with someone who cannot handle their larger financial needs,” says Eric Kearney (www.erickearneyadvisor.com), an investment advisor for Retirement Wealth. “This can be costly, both in terms of investment potential and time wasted, so the client has to pay attention and know when it’s time to change advisors.”

Kearney lists three signs that your money has outgrown your advisor:

• Outdated portfolio. Kearney says a typical scenario sees someone continually growing their net worth, then later realizing that their portfolio never really changes.  “The advisor is using the same approach over and over again,” Kearney says. “So by the time the client explores a second opinion, they can see they should have graduated from this very simple portfolio hundreds of thousands of dollars ago. That’s usually when they realize they’re in a fee-ridden portfolio. Therefore, it’s important that you know how your advisor is getting paid and whether that structure gives them the incentive to do a good job.”
• Unaware of all the options. Many investors aren’t aware of their full range of options, Kearney says, adding that their advisors often aren’t either. “If you’re never offered any new ideas or strategies, such as lowering your taxes, reducing your mortgage payment or a long-term care alternative, that means your current advisor is probably stale, and they’re not interested in offering you proactive type service,” Kearney says. “There’s no one-size-fits-all investment advisor when they can come from different fields – CPA’s, insurance agents, financial planners and attorneys. Each has different areas of focus. You should ask your advisor, ‘What are your capabilities outside of traditional asset allocation?’ ” 
• Lack of systems, communication. Wealthier clients with multiple financial pieces in motion notice when advisor contact is inconsistent. “There are a lot of people, even with multi-million dollar accounts, who think, ‘Maybe my account is just not big enough for my advisor to pay attention to me,’ ” Kearney says. “That’s usually not true. It’s just a matter of the advisor not having the right systems in place. It’s important to for an advisor to have a team with a point-of-contact person whom the investor can reach any time.”

“There comes a point when you know you’ve outgrown your advisor, but you don’t want that to be too far down the road,” Kearney says. “Before they get an advisor, or when looking for a new one, I think people really have to ask them, ‘Who is your typical client? Do you match my needs? Do you deal with a certain range of net worth and have minimums?’ People want to know if they’re working with an advisor that really understands them.”

   About Eric Kearney

Eric Kearney (www.erickearneyadvisor.com) of Retirement Wealth, with Florida offices in Cape Coral, Punta Gorda and Bonita Springs, has been helping clients reach and maintain their financial goals for more than 16 years. Eric co-authored a book with Forbes Media Chairman/Editor-in-Chief Steve Forbes, Successonomics. His professional licenses include a Series 65, Series 7 Securities License and a Life and Health Insurance License. He teaches pre- and post-retirees a wealth management course titled “Rejuvenate Your Retirement” at Florida SouthWestern State College and Florida Gulf Coast University.

Investment Advisory Services offered through Retirement Wealth Advisors, (RWA) a Registered Investment Advisor. Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. Past performance does not guarantee future results. Consult your financial professional before making any investment decision.

 =========================

3 Things You Should Know 
About Fad Diets And Bad Breath
 

Fad diets gain popularity because they let you shed pounds quickly, but health professionals warn they often come with side effects, such as fatigue, nausea, headaches, constipation and dehydration.

One additional side effect that doesn’t get as much attention, though, is this: They can cause bad breath.
 

“Dehydration is the key symptom related to fad diets that can result in halitosis,” says Dr. Harold Katz, a dentist, bacteriologist and developer of TheraBreath Dry Mouth Oral Rinse and Lozenges (www.therabreath.com). 
 

“When you’re dehydrated, your body doesn’t produce as much saliva. When you have less saliva, bacteria growth increases and causes bad breath.”
 

Katz suggests a few things worth knowing about fad diets and their effect on your breath:

•    Fasting. When you fast – or follow a similar fad diet that focuses on consuming a single food or beverage – you’re more likely to become dehydrated, Katz says. “If you’re determined to continue fasting, just make sure you’re still drinking enough water to stay hydrated every day,” he says. “This will not only contribute to fresh breath, but will also contribute to your overall wellness.”
•    Ketosis. Ketosis is a low-carbohydrate, high-protein diet that promises quick weight loss if you eat less than 20 grams of carbs in a single day, according to Environmental Nutrition. “It’s true that you can lose weight quickly through ketosis – which is the state your body going into when it doesn’t have enough carbs to feed off of – but you’re not improving your health,” Katz says. “Plus, halitosis can occur as a result of the chemicals released in the body to burn fat.”
•    Protein shakes. Some people attempt to lose weight by replacing meals with protein shakes. The Mayo Clinic reports that indeed can help reduce calories, which can lead to weight loss. But if you replace too many regular meals with the shake, you end up missing on the nutritional benefits of whole foods. “That’s not all,” Katz says. “Protein and dairy can cause your breath to smell. You should brush your teeth and use an oral rinse right after you drink a protein shake, or at the very least drink some water afterward to rinse out your mouth.”
.
Instead of relying on a fad diet to lose excess pounds, Katz says, focus on changing your lifestyle habits as a whole. 
 

“If you exercise regularly and follow a well-balanced diet that’s loaded with nutrients from fruits, vegetables, lean meats and whole grains, you can give your body the fuel it needs to thrive and maintain a healthy weight,” he says. “And your breath won’t be as likely to go rancid.”

About Dr. Harold Katz

Dr. Harold Katz (www.therabreath.com), developer of TheraBreath Dry Mouth Oral Rinse and Lozenges, received his degree in bacteriology from UCLA and is the founder of The California Breath Clinics and author of The Bad Breath Bible. He has been featured on ABC’s “Good Morning America,” CBS’s “Early Show” and “The View” with Barbara Walters and countless other TV shows. Dr. Katz has developed oxygenating compounds that have been used by millions around the world to eliminate bad breath. He is also the bearer of the now famous “Halimeter,” which tests the sulfur compounds in the mouth that cause bad breath. Dr. Katz’ website offers a free online bad breath test – as well as a sneaky way to tell someone they have halitosis.

=========================

Well...make them want to jump

Ed Henninger | Director | Henninger Consulting

edh@henningerconsulting.com | www.henningerconsulting.com

Ed Henninger's Blog: www.henningerconsulting.com/blog/

TEL: 803-327-3322 | FAX: 803-327-3323

756 Summerwood Dr  Rock Hill SC  29732  USA

=========================

Today is National Password Day in the U.S. (not to be confused with World Password Day… go figure!).

BBB and FTC have published a joint message. This is posted on our website: www.BBB.org/passwords

Thanks for helping to get the word out about passwords.  We have noted more and more that third-party authentication is available and urge consumers to adopt this option!