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ABTrainingCenter.com offers AIF training and certification courses for those individuals interested in earning the prestigious Accredited Investment Fiduciary designation.
Administered by The Center for Fiduciary Studies, the Accredited Investment Fiduciary (AIF[reg]) professional designation is the first and only designation that demonstrates knowledge and competency in the area of fiduciary responsibility. Holders of the AIF[reg] mark have successfully completed a specialized program
It's time that the financial services industry change its paradigm (belief system) around referrals. It's time to make the switch from a producer-centered referral process to a client-centered approach. Let me explain.
Producer Centered Referrals Most producers have been taught an approach to referrals that is what I call "producers centered." They get taught to tell their prospects and clients, "I get paid in
February 2007 Issue of Investment Advisor Magazine
"We're under capacity by 60,000 planners," predicts Percy Bolton of Percy Bolton Associates in Pasadena, California, partly due to the creation of the "fiduciary advisor" under last year's Pension Protection Act.
The shortage of planners will be exacerbated, suggests Bolton, when the U.S. government steps in as the financial planner of last resort for those who have failed to adequately save for retirement.
When selling a highly-appreciated asset, capital gains tax is always an issue. If it is property that has been depreciated over time, recaptured depreciation is also a concern. Triggering the AMT is a good bet as well. Most investors have no true concept of the amount of their gain that will be foregone to capital gains taxes when they sell outright.
Most actually think 15% in taxes is all they will owe, but in reality, it is usually closer to 25-45%.
Have you ever discovered there's a "devilish" little voice of doubt following you around: "I can't pull this off." "I don't know any people with serious wealth." "I'm not sure what I would say if I was introduced to a high net worth investor." "They'd see right through me." "What do I have to offer that they aren't already getting from someone else?"
I've heard those kinds of thoughts expressed a lot lately, often disguised in the form of excuses or blaming