Mar 23, 2025

Mike Palmer Featured in MarketWatch

McKinsey & Company recently reported that they project a shortage of financial advisors in the coming years. Ark Royal Wealth Management founder Mike Palmer, CFP® was recently quoted in a MarketWatch article that outlines key considerations in seeking an advisor.

How Frequently Will You Meet with Your Financial Advisor?

Before commencing work with an adviser, it’s important to express your expectations. “It should be established at the onset of the relationship what the normal meeting cadence will be. We meet with clients two times per year and more frequently if something specific comes up that needs attention. Equally important is what the adviser is addressing for you during the year. At a minimum it should be an update on progress towards goals, a tax planning review and an update or review of investment portfolio including performance and rebalancing,” said Mike Palmer, a CFP®

at Ark Royal Wealth Management.

How Many Clients Can a Financial Advisor Serve?

“Ask how many clients they work with. If the number is greater than 125, you might want to look for an alternative. There are roughly 240 workdays in a year, so 120 clients times 2 meetings equals 240 which is a meeting per day on average plus meeting prep, meeting follow up and routine tasks,” said Palmer.

Other Key Considerations When Choosing a Financial Advisor

Are you getting personalized attention?
What professional designations does the advisor have?
Does the person have experience working with people like you?

Be sure to read the full MaketWatch article here: If your financial adviser contacts you fewer than this many times a year, 'you can be sure they aren't paying attention to you'

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Mike Palmer Quoted in MarketWatch: Your Financial Adviser Is Getting 1% - But Is That Fair to You?

Fee transparency and value received are the keys to finding an advisor truly focused on financial planning and not product sales.

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How a Trip to Enroll in Medicare Almost Cost Our Client $300,000 - And How to Choose the Right Social Security Claiming Strategy

Several weeks ago our client, “Joe,” walked into a Social Security office to enroll in Medicare. However, over the course of that appointment he was told by an employee, “it’s your money, you’d be silly not to start it.” That casual recommendation could’ve cost Joe roughly $300,000.

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How QTIP Trusts Protect Your Second Marriage and Your Kids

One-third of married Americans age 55 and older are currently in a second marriage. While remarriage is common in this age demographic, it often creates what we call the "Brady Bunch" dilemma: how do you ensure your current spouse is financially secure while also guaranteeing that your assets eventually reach your children from a previous marriage?

Mar 7, 2026

Mike Palmer Quoted in MarketWatch: Your Financial Adviser Is Getting 1% - But Is That Fair to You?

Fee transparency and value received are the keys to finding an advisor truly focused on financial planning and not product sales.

Mar 23, 2026

How a Trip to Enroll in Medicare Almost Cost Our Client $300,000 - And How to Choose the Right Social Security Claiming Strategy

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How QTIP Trusts Protect Your Second Marriage and Your Kids

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Trump Accounts: The Ultimate Tax-Free Wealth Strategy for Kids

Trump Accounts can be an excellent jump start to a child or grandchild's retirement savings.

Mar 3, 2026

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