Category Archives: Practice Management

What Does Working with a Fee-Only Advisor Mean for You?

An Advisor who is compensated by only YOU, the client:

Working with a Fee-Only advisor means that the advisor is only compensated by the fee that they charge, not by any commissions. The fee could be charged hourly, or it could be calculated as a percentage of a client’s assets under management (AUM), or even a retainer model. The National Association of Personal Financial Advisors (NAFPA) is the country’s leading professional association of Fee-Only financial advisors and they define a Fee-Only financial advisor as “one who is compensated solely by the client with neither the advisor nor any related party receiving compensation that is contingent on the purchase or sale of a financial product.” 

Working with a Fee-Only advisor means that the advice you receive is not motivated by the need to sell any products or influence from outside interests. The advice is objective and tailored to meet your specific needs.

An Advisor who works in YOUR Best Interest:

Continue reading What Does Working with a Fee-Only Advisor Mean for You?

Spotlight on Baron Team Member James Jacob Suazo

James Suazo

James is a valued team member at Baron Financial Group. As an Associate Financial Planner, James performs research and assists the advisors with the creation and updating of financial plans for clients. In addition, James is our technology expert, researching and implementing technological advances within the field of financial planning to help enhance the service we provide to you. 

Founding partner, Victor Cannillo, enjoys mentoring James and the other members of the firm.  “James is knowledgeable and enthusiastic, and is a great support to the team, whether he is assisting the investment committee with fund research or aiding the firm with the important software we use.”

James is a member of both NAPFA (National Association of Personal Financial Advisors) and FPA (Financial Planning Association). NAPFA is the country’s leading professional association of Fee-Only financial advisors, committed to working in the best interests of those they serve.  Like NAPFA, the FPA aids in the professional development of its members and adheres to “a code of ethics that reflects their commitment to help clients achieve their life goals”.

Continue reading Spotlight on Baron Team Member James Jacob Suazo

Baron Financial Group Attends CFA Institute Conference

Anthony Benante, CFA and Nicholas Scheibner, CFP® of Baron Financial Group recently attended the 70th CFA Institute Annual (four-day) Conference in Philadelphia, to keep updated on financial industry topics and trends. The CFA (Chartered Financial Analyst) Institute’s mission is to lead the investment profession globally by promoting the highest standards of ethics, education, and professional excellence for the ultimate benefit of society.

According to the CFA Institute, it’s imperative that investment professionals remain current in this changing and complex climate to best serve their clients’ interests.

Read more about the CFA Institute at cfainstitue.org.

To learn more about Baron Financial’s investment management service, visit our services pages on our website.

Good Cheer and the Spirit of the Season!

In the spirit of the season, a donation was made in honor of Baron Financial Group clients and friends to the Fair Lawn Food Pantry, to help those in need in the community.

Our clients completed our recent survey, giving us invaluable information to help us enhance the service that we provide. Baron was pleased to donate to the following charities, chosen by and in honor of the winner of the survey drawing.

  • Oasis: A Haven for Women and Children, Paterson, NJ
    Oasis currently serves those fighting poverty by meeting numerous basic needs. Read more at oasisnj.org.
  • Catherine Violet Hubbard Animal Sanctuary
    Catherine’s life was taken at the age of six at Sandy Hook Elementary but her legacy of kindness will live on. Read more at cvhfoundation.org.

We are committed to making the community a better place. Wishing  everyone a happy, healthy and prosperous New Year!

What Should You Look For in a Financial Advisor?

 

Start by choosing one who listens to you…

Baron Financial Group is a member of NAPFA (National Association of Personal Financial Advisors). We are a Fee-Only firm that is compensated solely by the clients, not by the purchase or sale of a financial product. Our fiduciary responsibility is to put the best interests of our clients first.

Watch the video to see what characteristics NAPFA recommends when looking for a financial advisor.

Baron Financial Group Presents Scholarship To Fair Lawn High Graduate

Baron Financial Group is pleased to present, for the sixth consecutive year, a Baron Financial Group Scholarship to a deserving Fair Lawn High School graduate.  The scholarship recipient, Benjamin Novick, from the class of 2016, will study finance at the Rutgers University School of Business in New Brunswick, New Jersey.  Going into business has been a goal for Ben since childhood and he is excited to begin his journey!

Continuing in our commitment to education, Baron Financial Group is proud to help this deserving student further his education.

Award recipient Benjamin Novick with Nick Scheibner, Baron Financial Group Financial Planner
Award recipient Benjamin Novick with Nick Scheibner, Baron Financial Group Financial Planner

Baron Financial Group Hosts a Casino Night and the Fair Lawn Food Pantry Wins Again

Baron Financial Group hosted their second annual Casino Night event on Wednesday, May 4, 2016 to thank their many clients and friends for their continued support.  Attendees were given “play” money to participate in the casino games, ensuring no one could lose real money. ChDSC_8704ips were cashed in for raffle tickets for the chance to win some great prizes, including restaurant gift certificates, chocolate baskets, Amazon Fire tablets, etc. The ultimate and most coveted prize was two tickets to see Jersey Boys on Broadway. Although guests had an opportunity to win raffled prizes, the big winner was the Fair Lawn Food Pantry.

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As is the firm’s practice for every client event, a monetary contribution is made to the food pantry, to help those in need in the community. Baron Financial Group recognizes that there are members of the community who are not as fortunate as others, who need help to meet the most basic of needs. Baron’s corporate purpose is to help their clients reach their financial goals and to secure a better future for them and their families. In keeping with their corporate philosophy, the firm is committed to making the community a better place.

 

Nicholas Scheibner of Baron Financial earns CERTIFIED FINANCIAL PLANNER™ (CFP®) designation

Baron Financial Group is proud to announce that Nicholas Scheibner, a financial planner with the firm, has earned the CERTIFIED FINANCIAL PLANNER™ (CFP®) designation. Nick assists the Wealth Management Principals at Baron in developing financial plans, retirement forecasts, and cash flow analyses for our clients. Nick is a graduate of William Paterson University where he received a Bachelor of Arts degree from the Cotsakos College of Business Financial Planner program, one of the top schools in the country that offer the program.  At William Paterson University, he started the first official student chapter of the Financial Planning Association, and was part of the winning team that took 1st place in the National Financial Planning Competition in Denver, CO. The CFP® certification identifies professionals who have met the high standards of competency and ethics established and enforced by the CFP® Board.  CFP® professionals are required to act in their clients’ best interests and have met rigorous professional standards and have agreed to adhere to the principles of integrity, objectivity, competence, fairness, confidentiality, professionalism and diligence when dealing with clients. CFP® professionals have successfully completed financial planning coursework and have passed the CFP® Certification Examination covering the following areas:  the financial planning process, risk management, investments, tax planning and management, retirement and employee benefits, and estate planning.  They also agree to meet ongoing continuing education requirements and to uphold CFP Board’s Code of Ethics and Professional Responsibility, Rules of Conduct and Financial Planning Practice Standards. “The CFP® mark truly serves as the gold standard for personal financial planning,” said CFP Board CEO Kevin R. Keller, CAE. “Just about anyone can use the term ‘financial planner.’ But only those individuals who have passed a rigorous set of criteria and meet our strict ethical qualifications can call themselves a CFP® professional.”  About Baron Financial Group (www.baron-financial.com) The Baron Financial Group (BFG) is an independent Fee-Only Wealth Management and financial planning firm with offices in Fair Lawn and Morristown, New Jersey, New York, New York, and Sarasota, Florida. The firm is a Registered Investment Advisor offering objective personal financial advice to individuals without the burden of commissions.

Nick Scheibner Featured in Financial Planning Magazine

Baron Financial Group is proud to announce that Nicholas Scheibner, a Financial Planner with the firm, and a 2011 graduate of William Paterson University, was recently featured in the November 2013 edition of Financial Planning magazine.  The article by Kenneth Corbin lists the top schools in the country with programs for Financial Planners, including William Paterson University, and the need for qualified, well-educated graduates in the field of financial planning.

  As more and more members of the baby boom generation retire and seek help with retirement planning, the need for Financial Planners rapidly grows.  Nick started with Baron Financial Group in 2010, as an intern, while pursuing his degree in Financial Planning.  Now, a full time Financial Planner at the firm, Nick is a CFP® (Certified Financial Planner®) candidate, having passed the rigorous exam and working towards fulfilling the requisite years of experience. 

Our firm is fortunate to have Nick as a member of our financial planning team and proud to offer Fee-Only retirement planning with a team of financial experts, with some of  the top credentials in the industry. 

Click here to read the article in Financial Planning Magazine Nov 2013