Ep 133: The Art of Fee-Only Financial Advising

Ed Mahaffy founded ClientFirst Wealth Management, LLC. in 2007 after more than 23 years in the wealth management industry. Prior to launching ClientFirst, he spent 6 years as a portfolio manager and independent branch manager with Raymond James Financial Services, Inc., 6 years as a vice president and portfolio manager with Merrill Lynch, and over 11 years as a financial advisor and fixed income portfolio manager with Stephens, Inc. Designated as a CERTIFIED FINANCIAL PLANNER™ professional and Chartered Financial Consultant, Ed holds a Bachelor of Science in Business Administration from The Citadel and earned his MBA from the University of Arkansas. He has had articles published in numerous publications, including Barron's magazine. In 2020, Ed was recognized by Arkansas Money & Politics Magazine as one of "2020's Best Financial Advisors.” Also in 2020, ClientFirst made Investors.com's 2020 Top Financial Advisors Firms List. Ed is a member of the National Association of Personal Financial Advisors (NAPFA) as well as the Financial Planning Association (FPA). At ClientFirst, Ed is president and senior portfolio manager.   Listen to this insightful RIA episode with Ed Mahaffy about the art of fee-only financial advising. Here is what to expect on this week’s show: - How it’s important to stay informed about your clients’ lives and adapt to their financial plans accordingly. - Why it’s vital to follow market trends and read periodicals, research papers, and whitepapers. - How the increase of interest rates could impact the bond market. - Why financial planners should be fully immersed in financial markets. - How advisors should prioritize transparency, client education, and aligning financial strategies with clients’ goals and risk tolerance.   Connect with Ed: Links Mentioned: clientfirstwm.com LinkedIn linkedin.com/in/ed-mahaffy All information provided through the following presentation is for educational purposes only and does not constitute investment, legal or tax advice; an offer to buy or sell any security or insurance product. Please consult a financial adviser for more complete information based on your personal circumstances and to obtain personal individual investment advice.   Diversification and asset allocation do not ensure a profit or guarantee against loss.    Additional information, including management fees and expenses, is provided on our Form ADV Part 2 available upon request or at the SEC’s Investment Adviser Public Disclosure website. www.adviserinfo.sec.gov/ Past performance is not a guarantee of future results. Learn more about your ad choices. Visit megaphone.fm/adchoices