Word on the Street
The new, stronger relationship had additional benefits: Since that breakthrough meeting, the couple has been working with Ms. Seurkamp to reform their spending habits.
“There’s still plenty of work to do,” says the adviser. “But since we bridged the disconnect between us, they’ve embraced an entirely new way of looking at financial planning.”
–Danielle Seurkamp
The Hunt for a Better Bank Account
“Our family received a letter from a major U.S. bank where we maintain a few basic checking accounts. The letter kindly explained that these previously free, no-frillsaccounts would begin charging a fee of $8.95 per account per month. Of course, thisfee could be waived if I was willing to use a debit card ten to twelve times per day between 2:00 and 2:15pm while standing on one leg or an array of other borderline circus acts.”
-Chip Workman
Looking for Loopholes: 10 Outrageous Client Tax Deductions
“For advisers, it’s absolutely important to have a fiduciary standard. It aligns the interest of the adviser with the investor. It removes some of the overhang that clouds the banks and the rest of the financial services sector. But it’s not going to prevent the next crisis. The real risk to the economy is the overall amount of debt on the public balance sheet right now.”
-Chip Workman
Investment Advisers Weigh in on Financial Reform Bill
“For advisers, it’s absolutely important to have a fiduciary standard. It aligns the interest of the adviser with the investor. It removes some of the overhang that clouds the banks and the rest of the financial services sector. But it’s not going to prevent the next crisis. The real risk to the economy is the overall amount of debt on the public balance sheet right now.”
-Chip Workman
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