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CLIENT. One that is under the protection of another.
- Merriam-Webster Dictionary
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The Fee-Only Advisor, Explained
With almost three decades of fee-only advisory experience, we have witnessed many positive changes for consumers seeking financial/investment advice. Unfortunately, as the article below suggests, the brokerage industry still holds sway over Congress. And they want to continue to obscure the issue for consumers.
J.E. WIlson Advisors has been at the forefront of the push for reform for many years. When I served on the Board of Governors of the Certified Financial Planner Board of Standards (our national credentialing organization) in the mid 1990's, I pushed for an overt recognition of the fiduciary relationship between advisor and client. Though our effort failed at the time, it has since been accepted. Yet large brokerage firms continue to use words like "advisor" and "client" when, in fact, they are salespeople peddling products to customers that they owe no duty to protect. It is difficult for consumers to differentiate.
Our fiduciary perspective provides our clients with an invaluable advantage. In times like these it boils down to trust. With J.E. Wilson Advisors, trust is built-in by the way we are paid. Would you have it any other way? Can you trust a firm that is compensated through product sales?
As the oldest fee-only wealth management firm in South Carolina, we are proud to have long carried the banner for the true advisor/client relationship. We have the freedom to render holistic and honest advice to our clients-something that is still rare.
- James E. Wilson, CFP® My Blog
From The Wall Street Journal \ 2.27.2010 New Senate bill may not require securities salespeople to act solely in the interests of their clients.
Jason Zweig writes columns and articles that place the financial news in a broader context, based on the latest research in psychology, economics, and neuroscience. |
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WealthRx® is J.E. Wilson's unique wealth management process, designed with successful physicians in mind. Learn more. Contact 
