Flat Fee Portfolios

"WealthTrack” Host Consuelo Mack recently interviewed Mark Cortazzo, CFP®, Founder of Flat Fee Portfolios, and Sheryl Garrett, CFP®, AIF®, Founder of the Garrett Planning Network, on how the middle-income investor can find affordable financial services.

Mack described her guests as “pioneers” and explained that while “free financial advice is available from banks, insurance companies, brokerage houses and mutual funds … much of this advice is sales related from advisers who work on commissions.”

Cortazzo believes that “everyone should have access to good quality, un-conflicted investment management” and that financial planning and asset management should be unbundled services. “I think if you break those down into the two different functions and pay for what you use, you can really get a great value.”

To conclude the episode, Mack asked her guests to each assign an action item to the viewers. Garrett suggested having an annual financial physical every year and Cortazzo recommended that each investor find out the fees he/she is paying in real dollars instead of a percentage.

JP Morgan Weekly Market Recap 01-02-12

2012-01-04T06:23:00.000-08:00

JPM Weekly Commentary 01-02-12">

JP Morgan Weekly Market Recap

2011-12-27T07:24:00.000-08:00

JPM Weekly Commentary 12-26-11

Flat Fee Portfolios Featured on "WealthTrack"

2011-12-23T08:26:00.000-08:00

This week Mark Cortazzo, CFP®, Founder of the Flat Fee Portfolios program, will return to "WealthTrack" on PBS. Host Consuelo Mack interviews Mark and Guest Sheryl Garrett of the Garrett Planning Network on how the middle-income investor can find affordable financial services.

The first airings begin today (12/23). Please check your local listings or visit www.wealthtrack.com for viewing information in your area.

WSJ on How to Pay For Financial Advice

2011-12-19T14:10:00.001-08:00

Recently the Wall Street Journal published a great article on how investors can pay for financial advice. We applaud the effort to help investors understand their advisor's compensation arrangements and the potential conflicts of interest with each model. They touched briefly on a Flat Fee arrangement, but in the context of financial planning. For portfolio management, we believe that a Flat Fee is the most cost-effective and least conflicted method of receiving investment advice.

WSJ: How t o Pay Your Financial Adviser

JP Morgan Weekly Market Recap

2011-12-19T13:42:00.000-08:00

JPM Weekly Commentary 12-19-11