Tag Archives | Financial Planning

What Does Being a Fiduciary Really Mean?

The question of whether your financial advisor is a fiduciary has come up a lot in the financial media recently.  But what does that actually mean? As defined by the Cornell University Law Review, a fiduciary duty is “…a legal duty to act solely in another party’s interests.  Parties owing this duty are called fiduciaries…Fiduciaries […]

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What Is the True Value of a Financial Advisor?

Most people would consider Vanguard to be the prototypical “do it yourself” investment house.  However, Vanguard recently published a very interesting white paper summarizing how a good advisor can potentially add about 3 percent in net returns to a client’s portfolio every year.  The chart below illustrates how that potential 3 percent can be generated: While […]

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Is Airbnb a Source of Tax-Free Income for Property Owners? It Depends.

The rising popularity of online home sharing sites such as Airbnb, Homeaway and FlipKey have made vacations and other out-of-town trips more affordable than ever for travelers. If your home-town is hosting a major concert, sporting event or world leader’s visit like the Pope’s recent stop in Philadelphia, owners can rent out their residences at […]

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3 Reasons to Consider Umbrella Insurance

Do you own a home?  Do you have a long commute?  Are you a dog owner?  If you answered yes to any of these questions, an umbrella insurance policy is worth looking into.  As you probably know, we don’t sell insurance here at Independence Advisors. However, risk management is a key part of any comprehensive […]

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Is Now a Good Time To Be in the Market?

Ever since we founded Independence Advisors, we have been committed to serving as an independent voice. We are proud to question the status quo whenever that’s what it takes to serve our clients’ best financial interests. That said, we’ve also long enjoyed collaborating with anyone whose wealth management missions complement our own. The more often […]

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Golf and Investing: Managing Your Emotions On and Off the Course

Key Takeaways • A commitment to a disciplined process is a major part of both golf and investing. • Professional golfers focus on the process, not their emotions, to navigate the range of good and bad shots throughout a round. • A disciplined investor should focus on the process, instead of daily market movements, as […]

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Calculating Performance

Key Takeaways In what context should we consider performance? Avoid the most common mistake You can do-it-yourself to approximate performance The Role of performance The investment industry has historically focused on performance and little else, but there is so much more to client satisfaction than just a number. As we have previously written, investment performance […]

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