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eFileCabinet Partners with Allegis Advisor Group

Thu, 08 Mar 2012 17:00:15 +0000

eFileCabinet Partners with Allegis Advisor Group

by PR or News Wire

eFileCabinet, inc., an expert paperless software solution provider for small business, announced a partnership with Allegis Advisor Group, a full service insurance and annuity Brokerage General Agency company. with eFileCabinet’s on premise document management solution and client portal, Allegis and its financial advisors can decrease office paper, increase productivity and increase security when managing and sharing important documents.

“The focus of eFileCabinet has been to help increase the productivity of paper-intensive businesses that have high customer interaction, and Allegis’s financial advisors are certainly our target,” said Matt Peterson, president & CEO of eFileCabinet. “With eFileCabinet Desktop and SecureDrawer, each advisor can be more efficient, supporting both insurance and financial services regardless of location. with the SEC and FINRA compliance needs of the industry, the representatives can now grow their business knowing that our software will help them manage their regulatory needs.”

eFileCabinet Desktop users can digitize their bulky paper documents and store them on their local PC or network. Allegis advisors can send secure documents through the SecureDrawer portal, enabling private document sharing to be safe and efficient. Allegis clients can expect a much faster level of communication, accurate documentation of agreements, and improved quality of service.

“We were already using eFileCabinet within our corporate office to reduce our paper-heavy processes. It was only natural to think about helping our hundreds of financial advisors with the same efficient software,” said Chris Miller, president, Allegis Advisor Group.“We like recommending great solutions that help all of our business partners simplify our mutual processes. everyone wins with this solution.”

Ray Johns is an existing Allegis advisor and user of eFileCabinet’s paperless software. “We have been able to save a couple of hours each day looking for and filing the documents, not to mention the expense of paper and toner,” said Ray Johns of RW Johns Financial Group.

A full list of eFileCabinet Desktop features is available at http://www.efilecabinet.com/products/efilecabinet-desktop/ and more information about SecureDrawer can be found at http://www.efilecabinet.com/products/securedrawer/.
(3.8.12)

Financial advisors can be paid in different ways. make sure you understand each type of compensation and choose the right advisor for you.

How are Financial Advisors Paid

The Evolution and Growth of the Annuity Industry

Sun, 09 Oct 2011 06:00:14 +0000

CAMBRIDGE, Mass.–(EON: Enhanced Online News)–The need for guaranteed income solutions has increased steadily. Indeed, 60% of financial advisors surveyed say their clients who have annuities in their portfolio have increased in the past five years. This and other initial findings from a new IRI/Cogent Research sponsored study, The Evolution of the Annuity Industry, were revealed earlier today at the IRI Annual Meeting in Boston. “We’ve been advocating for an increased role of annuities in client portfolios for many years. These initial findings support the notion that guaranteed income solutions are increasingly important to both financial advisors and their clients,” said Cathy Weatherford, President and CEO of IRI.

“We are excited about this joint collaboration and the resulting report. We expect the findings will be a significant asset to subscribers, who will use the insights to help position their firms for success in the future”

Financial security in retirement is weighing heavily on the minds of investors nearly half of all investors (49%) indicate that their top financial goal in retirement is not to run out of money. “The recent economic downturn and market volatility has caused many investors to face financial realities and reassess retirement goals. Many are becoming more risk-averse and are looking for solutions like annuities to fund income gaps in retirement,” said Tony Ferreira, Managing Director at Cogent Research. “Two-thirds of advisors indicate that their clients are asking them about annuities, which challenges the long held notion that annuities are sold and not bought.”

In addition to these initial findings, the report examines the current usage and perceptions of annuities through the eyes of financial advisors, home office gatekeepers, insurance carriers and investors. the research was conducted in two phases involving in-depth interviews and a national online representative study to ensure accurate and actionable information. “We are excited about this joint collaboration and the resulting report. We expect the findings will be a significant asset to subscribers, who will use the insights to help position their firms for success in the future,” said Ferreira.

you can find more information at the Cogent Research Booth, #211, at any point throughout the IRI Annual Meeting.

About the Insured Retirement Institute

the Insured Retirement Institute (IRI) is a not-for-profit organization that for twenty years has been a mainstay of service, commitment and collaboration within the insured retirement industry. Today, IRI is considered to be the authoritative source of all things pertaining to annuities, insured retirement strategies and retirement planning. IRI proudly leads a national consumer education coalition of nearly twenty organizations and is the only association that represents the entire supply chain of insured retirement strategies: our members are the major insurers, asset managers, broker dealers and more than 75,000 financial professionals. IRI exists to vigorously promote consumer confidence in the value and viability of insured retirement strategies, bringing together the interests of the industry, financial advisors and consumers under one umbrella. IRI’s mission is to: encourage industry adherence to highest ethical principles; promote better understanding of the insured retirement value proposition; develop and promote best practice standards to improve value delivery; and to advocate before public policy makers on critical issues affecting insured retirement strategies and the consumers that rely on their guarantees. Visit www.IRIonline.org today to experience the vast resources of the Insured Retirement Institute for yourself.

About Cogent Research

Cogent Research helps clients gain clarity, obtain perspective, and formulate direction on critical business issues. Founded in 1996, Cogent Research provides custom research, syndicated research products, and evidence-based consulting to leading organizations in the financial services, life sciences, and consumer goods industries. Through quality research, advanced analytics, and deep industry knowledge, Cogent Research delivers data-driven solutions and strategies that enable clients to better understand customers, define products, and shape market opportunities in order to increase revenues and grow the value of their products and brands.

About Me

I’m a reporter on the Investments and Wall Street beat. Before joining Forbes, I wrote about everything (Seriously-everything) related to financial advisors for a trade pub called Registered Rep. I find Wall Street fascinating. it employs some of the smartest individuals in the workforce who manage trillions of dollars on behalf of others. Sometimes they are successful and other times they fail miserably-and bring the rest of the world down with them.

See my profile »

One of several reasons many people are reluctant to hire a financial advisor is confusion as to the advisor’s compensation and concern about ulterior motives.? Given all the Bernie Madoffs in the recent news and the failure of regulators to do their part, trust of the financial community is understandably low.? that said, comprehending how advisors make money is not difficult. although few advisors will publish a rate schedule, nearly all will quite willingly disclose their compensation upon request – they have to. Learn the different methods in which financial advisors get paid before you hire one.

How is your advisor paid? When did you figure that out?

How do Financial Advisors get Paid? originally appeared on About.com Retirement Planning on Monday, June 27th, 2011 at 13:00:58.

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How do Financial Advisors Get Paid?

National Retirement Planning Month – Creating An Emergency Fund

Mon, 16 May 2011 08:00:04 +0000

The purpose of having an emergency fund is to have cash on hand for unexpected emergencies. the goal is to have cash available for these emergencies rather than having to take out a loan or rack up high-interest credit card debt. many financial advisors recommend setting aside three to sixth months? worth of living expenses in a savings account. For example, if it costs you $3,000 per month to run your household, you should earmark $9,000 to $18,000. Start setting aside some money from each paycheck even if it?s a small amount like $25-$50. the goal is to develop a savings mentality and the hardest part is getting started.

National Retirement Planning Month – Creating An Emergency Fund

Financial Consultant | How you can choose the best financial advisers

Sun, 17 Apr 2011 08:00:30 +0000

Financial Consultant | how you can choose the best financial advisersApril 5, 2011 – 11:47 am

If you’re wondering how to choose the best financial advisor, you should know to take a closer look at who will manage your money and investment methodology that can help a lot. to correctly select the best financial advisors, to ensure that it meets certain requirements.

For this reason, it is a good idea to check if your potential financial advisors have a fiduciary responsibility. They must be registered with the RIA (Registered Investment Advisors), and measurements show that this is what consultants are paid for their work. Compensation is available in three different forms, such as the cost for only one fee and commission.

Payment of compensation shows only minimal conflicts of interest, such as advisers charge their customers for advice. The second form, the remuneration of directors to win a share of the costs paid by their customers. The latter form shows that conflicts of interest is very high, the consultant is paid only if the customer buys a particular product. to select the best financial advisor, you should check these things, so you can be sure that you not only get the best advice, but also to get the best method to profit.

Another thing that can help you choose a good adviser, is to understand how the financial advisors referred to in confidence. in general, the consultant be able special trust and confidence, both in the best interest of their clients.

When I try to select the best financial advisers should also know that business advisers affiliated brokerage firm, are often not reliable. Also, if you sign a standby agreement for arbitration, the consultant will not be implemented at the trust level. for this reason, to select the best financial advisors, be sure to clarify all these aspects, which are designed to help you make the right decision.

Tags: best financial advisor, financial advisor

Financial Consultant | How you can choose the best financial advisers

WEALTH MANAGEMENT SERVICES | PROFITABLE INVESTMENT

Fri, 15 Apr 2011 02:00:08 +0000

providing independent financial advisers or big companies, which are mainly designed to focus on high net worth individuals (HNWI). this action ensures long-lasting ties with the organization and the customer involved. these clients fill out bracket or the upper mass affluent retail sales, since their net worth, number of investment funds, they choose to invest their assets (such as insurance, mutual funds, stocks, bonds, etc., etc.) under management. Major financial and brokerage institutions to create a separate sales organizations, services, and other “advantages” to retain or attract those customers, who are generally more profitable than other retail banking, brokerage and insurance customers. this will help banks take advantage of their customer base to create additional revenue streams by offering HNWI and mass affluent expanded products and services. Asset management services complement the existing expertise of CPA’s (certified public accountants) and uses customer information and financial knowledge of life, that they already have. Overall, this is a winner all the bankers and investment banking have been through a lot.

normally, Wealth Management Team in all major financial department consists of financial advisers who are divided into three large divisions), Product Specialist, b) Investment generalists & c) Wealth Managers. Product specialists of the financial advisors who focus on products such as managed accounts, stocks or fixed income alternatives. this group meets the CPA, which only offer traditional accounting services. Investment generalists are economic advisers to offer a wide range of investment products, but there is no comprehensive information on financial planning. Wealth managers make a detailed overview of the financial lives of their clients, allowing them to come up with complex solutions. it also allows the wealth manager, cross-sell a wide range of products and services to each client’s needs. If a client has a lot of accumulated wealth, which could be some benefits to the customer, as well as the organization, the bank offers its various investment products / modules, and determine investment advisers to help him make decisions. these modules could start a simple investment schemes, such as deposits, the bank even offers to invest in insurance, mutual funds and general equities and bonds to provide long-term capital appreciation and growth.

Through deeper analysis, relevant financial planning and asset allocation funds, financial institutions to obtain an integrated overview of a rich client HNWI investment portfolio, which allows them to borrow the amount of (financial leverage), the customer, providing it with investment in modules and then to invest this amount in a manner to ensure that by the end of the term investment in both the customer and the organization a lot of profit. Every financial transaction is treated equally. each major operation is successful update or account statement by a witness for the technical deficiencies. Asset management solutions / services are fully integrated, component-based solution that ensures consistency of data collection.

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WEALTH MANAGEMENT SERVICES | PROFITABLE INVESTMENT

How To Find Certified Financial Planner Education

Fri, 15 Apr 2011 00:00:33 +0000

How to find Certified Financial Planner Education

Education of Financial Planner certification standardize level of excellence in tax, retirement, personal and corporate financial planning. showing the main effects of recent financial uncertainty and a huge online access to this and the best way to evaluate the financial operations is essential for optimization. Many companies looking for certified financial planners that matches their handling of the financial transactions and the oscillator.

Nowadays online education is very popular people prefer to grab all education and learning on-line. CFP courses are offered on the basis of on-line education and are ment to be very tough. The technical terms and norms has to be studied properly in order to become a good certified financial planner. following points will be tips to remember when you go for selection of source for certified financial planning education :

Certified financial advisors plays various roles as not only the basic finance planning, it even includes : Employee benefit planning, estate, retirement and income tax planning, insurance planning and risk management. it all consolidate huge field for earning and massive growth.

Degree should be registered from an accredited college, An “accredited college or university” is one that has been accredited by an accreditation body recognized by the Department of Education.

CFP degree creates instant credibility and respect from clients, employers and colleagues. it even serves competitive, impressive advantage over other financial planners. Depth analyze skills and knowledge of complex financial planning. Membership in a global network CFP professionals. these all in combination are heavenly deal to become an certified financial planner.

Education of CFP can lead your career at great heights. Proper selection is the key for eveluation, certain points to remember will help you for selection and starting your certification of financial planner education.

The earnings of a certified financial planner depends on many factors such as : education, qualifications, certifications, clientele, the stock market and other investment vehicles, experience, and desire.

Anyone can sell insurance or annuities, stocks, bonds and mutual funds – but a precisely global financial planner can reckon far more worth to your financial security via different tactics.

On-line CFP education can help you study with wide course material, based on different consequences with easy to understand live examples. Paying for the courses offered is also very flexible even reference course materials are served free on-line.

Better knowledge about CFP education could make you understand the reason and importance to proceed this course. Grab all necessary information via on-line access to varied sites and pro-longed available experts for 24*7 guidance.

Make better utilization of your education in vast field of certified financial advisors and you would not remain empty handed to serve quality service assistance for various multi national companies or offshore CFP seekers.

The designation of Certified Financial Planner is a estimable certification for financial planners which is conferred by the Certified Financial Planner Board of Standards in the United States and recognized internationally with other organizations affiliated with Financial Planning Standards Board all over the world.

The education of Certified Financial Planning is worth its cost and returns in further career aspects are very high. Modernization gives more opportunity to excel globally as a successful CFP. for more info visit http://www.financialplannerprogram.com

How To Find Certified Financial Planner Education

Celebrity Financial Advisors

Fri, 08 Apr 2011 22:00:14 +0000

Who do you guys like and/or dislike with the radio and television financial advisors? Why do like/dislike them. do you give any of them actual credibility as top financial advisors?

Here’s mine:

1. Brian Preston (the Money Guy) – 5-stars
Pros- Brian is the best of the best in my opinion. he talks about things that people with a little financial sense and willpower can do. Doesn’t talk down to you like (cut up your credit cards, you’re not smart enough to use them) and such things. I like that he is a fee only CFP and CPA and he isn’t trying to sell products to his listeners.
Cons- Brian is still finding his format. He’s only been at it (the radio podcast) for a year or so and isn’t as smooth and polished as the older veterans.

2. Dave Ramsey- 4-stars
Pros-Dave specializes in broke people who have bad spending habits. I like his main focus (getting out of debt) and he has a very entertaining and professional delivery on the radio (he’s kind of boring on TV though.) his message is very black and white which makes it easy to understand for clueless people but also not very flexible.
Cons- Dave is the slickest of all. If you notice when people call in who are succeeding but with a method different than what Dave recommends, he mutes them and then continues on with the call with him giving his advice and explaining how their method will never work in the long run and their silence (muted) makes it appear they agree with him. Dave has found a way to make money at every turn. everything he says and does is an advertisement to sell you his books, seminars, website, bee-alive royal jelly, his Zander Insurance, his Endorsed local agents for 1. real estate 2. mutual funds and even nursing homes. He’s an EXCELLENT businessman and salesman but most of what he says has that “taint” to it other than his basic message of – get out of debt. Dave will definitely end up the richest of all and to think he does it by “giving away” FREE advice on the radio. Brilliant!

Suzi Orman- 4-Stars
Pros- Most interesting to watch on TV. She is pretty good with a lot of her advice and her books are always very readable. A lot of people learn from her. She also allows some opposing opinions to be discussed which I like.
Cons- She’s daffy. She gives some bad advice along with the good. She’s more about the entertainment value that anything else (at least on TV.) Her segment called “can I afford it” is often laughable but interesting.

Bruce Williams- 3-stars (but dropping)
Pros-Bruce used to be my favorite radio show back in the day but he seems soooooo boooring now. I don’t know what happened. He’s more about common sense topics covering small business and home ownership as well as some financial things. He’s just a smart guys who isn’t impressed by credentials.
Cons- He has become very boring the last few years.

Clark Howard- 3.5 Stars
Pros-Clark is fun to listen to when he’s on a good topic. he often gets on a boring topic and talks way too long though. but that’s why I always listen on the i-pod (it’s like TiVo for talk radio.) Clark is more about buying things cheap than financial advice. he seems more clueless about financial matters than the rest of the guys but makes up for it with his cheapness. Clark allows his staff to tell him he’s completely wrong and you have to respect that. can you imagine Dave Ramsey having counter-point discussions on his show? I would love to hear Dave and Clark debate debit cards. Dave loves them. Clark calls them “piece of crap fake Visa and Master Cards.”
Cons- He’s wrong a lot.

Those are my opinions anyway. I obviously enjoy talk radio a lot but I take it mainly as entertainment. With the exception of Brian Preston, I would say these are the Judge Judys of the financial world.

What do you guys think?

Celebrity Financial Advisors