Excerpts Published Thursday, September 12, 2014 by Lakeland Ledger
Everyone loves first-class treatment from a service oriented business. Don’t just look for a smiling face, perfectly pressed suits and shiny shoes, but gravitate to the advisor with a great reputation, years of experience and an investment philosophy most similar to yours and one that understands your entire financial picture.
WHAT DO I NEED FROM AN ADVISOR?
Investors should look for an advisor with investment credentials such as the Personal Financial Specialist (PFS), Certified Financial Planner (CFP), Certified Public Accountant (CPA), and one that is associated with an independent Registered Investment Advisory firm. Financial advisors are paid a few ways: (more…)
Excerpts Published Thursday, September 25, 2014 by Lakeland Ledger
Academic studies have proven that investors in mutual funds generally underperform the market for a few reasons: high fees and market timing. Today’s discussion is about high fees. A more disastrous discovery about high fees is that some companies in the mutual fund industry are very adept at hiding most of the added costs to investors through layers of complex formulas which are built into the security’s net asset value (NAV). So what is the average investor to do?
CPS Investment Advisors is proud to announce its top 100 ranking in CNBC’s 2013 Top Fee-Only Wealth Management Firms.
We would like to thank all of our clients for their wonderful referrals. It is because of you that we have been honored with this ranking.
We will continue to strive to provide you with the highest quality investment and financial planning services so that you too can reach your financial goals.
click here for the full article
Below is an excerpt of an article by Anne Tergesen concerning 401(k) plans which I wanted to share with you:
When it comes to building retirement wealth, growing numbers of 401(k) participants are seeking help from online advice programs and professional money managers. But is that advice worth paying for? According to a study released May 19, 2014, the answer is an emphatic yes. Between 2006 and 2012, participants in 401(k) plans who paid extra for advice earned an average of 3.32 percentage points more per year, after fees, than those taking do-it-yourself approach. To find out more, read June’s Tax Newsletter.
With pension plans becoming as rare as the gold watch at retirement, most of us need to face up to this stark reality: We will likely need to fund much of our retirement on our own. And that means saving early and often, taking full advantage of tax incentives, and investing wisely. To find out how, read September’s Government/Public Sector newsletter.
Are you within a few years of retirement? It’s time right now to get your financial house in order, and here’s what to include on your pre-retirement financial checklist.
In this month’s newsletter, Nolen Bailey, Director of Retirement Plan Services, outlines a retirement checklist and discusses options for 401(k) rollovers.
On June 14, 2014, Chas P. Smith, president and chief investment officer of CPS Investment Advisors in Lakeland, was a guest speaker at the Mathews Benefit Group Employee Benefit Plan conference. His topic was wealth accumulation through 401k/profit sharing plan contributions.