Introducing Our Financial Planning Program

Oliver Financial Planning is now offering a flat fee service called our Financial Planning Program. This new service provides year-round financial planning and advice for a fixed monthly fee.

The Financial Planning Program includes:

  • Year-round financial planning advice,
  • Annual portfolio rebalancing instructions,
  • An annual financial plan update,
  • An annual review meeting,
  • Financial Snapshot and Action Plan reports, and
  • Access to our portfolio performance and financial planning applications.

Financial Planning Program clients pay a flat monthly fee of $125, $200 or $300 depending on financial complexity. New clients also pay an initial fee of $1,200.

Call us at 734-926-0022 to learn more about our Financial Planning Program and schedule a Get Acquainted Meeting.

Financial Advisor Compensation Models

Rob Oliver explains how financial advisors get paid and suggests questions to ask advisors about how they are compensated.

Resource links:

Please note that this blog post and video are for educational purposes only and should not be construed as advice specific to your situation. You should get advice from a legal, accounting, or investment professional before deciding what course of action is appropriate for you.

Trading Costs Continue to Fall

If you’ve ever talked to me about investing, you’ve likely heard me stress the importance of keeping your costs low. Part of your investing costs are the commissions you pay to buy and sell.

I encourage my clients to use a broker, the firm that holds your investments, that offers low cost investments and low to no trading fees. One of the brokers that I often suggest is Vanguard because it offers a broad array of its own index mutual funds with no transaction fees.

Follwing other discount brokers, Vanguard recently announced that it is lowering its commissions for stocks and exchange traded funds (ETFs.) Vanguard clients will now pay no commission for Vanguard ETFs and will pay $2 t0 $7 per trade for non-Vanguard ETFs and stocks.

This is good news for investors for a few reasons:

  • Trading costs for self-directed investors continue to fall and are becoming trivial for investors who trade infrequently.
  • Vanguard becomes a viable option for investors who like to buy ETFs and individual stocks.
  • Investors can build well-diversified portfolios at Vanguard using ETFs for less initial investment than they can using Vanguard mutual funds, most of which require a $3,000 minimum investment.

Still, many other brokers are now offering very low trading costs for stocks and ETFs. Below are links to stock and ETF commission schedules at other well-known brokers:

When choosing a broker, keep in mind that there are other factors to consider such as its customer service reputation, the ease of use of its website and statements, and any other costs like per account or low balance fees.

Want to know the main differences between mutual funds and ETFs? Check out a Vanguard presentation on the subject at this link.