Feb 16, 2024

Mike Palmer in MarketWatch: What You Should Look for in a Financial Advisor

What Should You Look for In A Financial Advisor? How Can You Tell if Your Advisor is Always Working as a Fiduciary?Some advisors aren't fully transparent about how they are compensated.

What Should You Look for In A Financial Advisor? How Can You Tell if Your Advisor is Always Working as a Fiduciary?

Some advisors aren't fully transparent about how they are compensated. CBS MarketWatch spoke with Ark Royal Wealth Management's Managing Principal Mike Palmer about whether or not a financial advisor is worth the cost and how to better understand various fee structures. Palmer shared that the onus falls on the client to be sure to properly vet the advisor and get a clear understanding of the fees involved and precisely what services are included. "I've seen some advisors sell an annuity with a fat commission and then the client never hears from the advisor again," said Palmer. "Does the advisor do more than manage investments? If the advisor claims to offer financial planning, ask to see an example - not only of an initial plan, but of how the plan evolved over time." Click here to read the entire MarketWatch article.

When it comes to managing your finances, the expertise and guidance of a Certified Financial Planner (CFP) can make a significant difference in achieving your financial goals. Here are three compelling reasons why working with a CFP is a wise choice:

1. Comprehensive Financial Planning

A CFP provides holistic financial planning that covers various aspects of your financial life, including investments, retirement, tax planning, estate planning, and insurance. They help you create a comprehensive plan that aligns with your long-term goals and needs.

2. Fiduciary Responsibility

A CFP is obligated to act in your best interest. This fiduciary duty means that they must prioritize your needs above their own, providing advice and recommendations that truly benefit you.

3. Peace of Mind

Perhaps one of the most significant benefits of working with a CFP is the peace of mind it brings. Knowing that a qualified professional is managing your financial affairs allows you to focus on other important aspects of your life without constant financial worry.

person sitting while using laptop computer and green stethoscope near

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.

Mar 10, 2026

man and woman standing on beach during daytime

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

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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

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

Mar 10, 2026

How QTIP Trusts Protect Your Second Marriage and Your Kids

Mar 7, 2026

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

The Risks of NIL Agents and the Importance of Fiduciary Advice

For college athletes receiving NIL income making good decisions is critical to financial success.

Feb 25, 2026

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