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Laura Mattia, MBA, CFP® of Baron Financial Group volunteerd at the Elizabeth Financial Planning Day, sponsored by the Financial Planning Association. Laura joined other financial planners offering free advice on financial planning, budgeting, retirement planning, debt management, paying for college and much more.
James Shagawat from Baron Financial was interviewed by Suzanne Barlyn on Dow Jones Newswires, discussing how businesses can best prepare for natural disasters.
Baron Financial Group donated 25 cases of food to the Fair Lawn Health and Human Services run food pantry.
Baron Financial Group once again sponsors the annual Rock the Mountain Music and Arts Fesitval to benefit residents of Spectrum for Living, a not-for-profit organization dedicated to helping adults with developmental and or phsyical disabilities.
1. How are you and your firm compensated?
- Fee-Only? Fee only advisors put their clients interests first and therefore hold a fiduciary standard
- Fee-Based? Fee-based advisors are compensated both by an hourly fee and commissions on some insurance products.
- Commissions? Commissioned advisor’s compensations are directly tied to the type of product that they sell to you.
2. Does anyone in your firm receive compensation from investments that you may recommend?
Receiving compensation from a recommended investment vehicle leaves the possibility for a conflict of interest. That certain investment or insurance product may not fit your needs, but it probably will provide the sales person with a nice sized commission check.
3. Do you receive referral fees from attorneys, accountants, insurance professionals, and mortgage brokers?
It is important when working with a financial advisor that they refer you to professionals that they trust and are competent. If someone gets a free for referring, that may not be the best professional available to you.
4. Are you transparent with your fees and compensation?
Many people believe that their brokers are doing their investments for free. Of course, this is not the case, their fees are just so hidden that it may feel like they are doing it for nothing. It is important to fully understand how your advisor is compensated, and how much they are charging you.
5. Are you a fiduciary?
This is the most important question of all. A fiduciary is legally required to work in your best interests and to disclose any and all conflicts. If your advisor is not a fiduciary, you may need to ask who your advisor is really working for…
To see how Baron Financial Group answers these questions, call us at (1-866-333-6659)
Laura Mattia answers questions in The Star Ledger article “New laws make it tougher for new borrowers to obtain credit.”
Laura Mattia answers questions in The Star-Ledger article “Using mortgage to fund investments not a prudent choice“
James Shagawat offers tips on “Protecting Social Security” in the Fair Lawn Community News.
James Shagawat writes about “The Balancing Act: The Importance of Re-balancing your portfolio” in Rounds Online, The Blog for Physicians.
Laura Mattia, as part of a panel discussion for ignite.com, talks about new products and what Baron learned from the financial crisis, to an audience of more than 50,000 leaders across the world of mutual funds.
Baron Financial Group is recognized by Wealth Manager magazine as one of the top wealth management firms in the nation for 2010.
Laura mattia appears on WWOR-TV MY9 News in an interview with Brenda Blackmon, discussing the use of pre-paid debit cards.
Financial Advisor magazine ranked Baron Financial Group among the top Registered Investment Advisors (RIA) in the nation for 2010.
The Record interview with Laura Mattia by John Verdon, “A Firm Belief in Fee-Only financial Planning” appears in BuilderJobs.com
James Shagawat appears on Nightly Business Report on PBS discussing the timing of international investments.
Laura Mattia comments about the market decline of May 6th in “Advisors Deal With Market Slide” in Financial Advisor Magazine.
Baron Financial Group is featured in The Record and The Star-Ledger newspapers. Laura Mattia is interviewed by staff writer John Verdon in the article “A firm belief in fee-only financial planning”.
James Shagawat comments in the article “How the money gurus take their own advice“ in Market Watch and The Wall Street Journal for Financial Literacy Month.
James Shagawat comments in The Star-Ledger in “Take steps to get the most out of college funding“.