Did you know that two of our associates are Dave Ramsey SmartVestor's? Click here to find out more about Eric Nager. Click here to find out more about Wendy Nelson Bailey.
Southern Capital Services TV Interview
What is an Independent Registered Investment Advisor (RIA)?
An RIA is in the business of giving advice.
An independent RIA is not owned by another company or institution.
An RIA has a Fiduciary Responsibility to their clients. They are legally required to put the client’s interest first. This is a higher standard that what is required of brokerage firms, which is the suitability of an investment for an individual client.
An RIA is typically compensated by fees for advice, rather than commissions on buying & selling.
An RIA is regulated by the Securities and Exchange Commission (SEC) or the state in which they operate.
When you factor in taxes and inflation, 12-month CDs haven’t offered a positive real return for a decade.
Low interest rates make life difficult for people who save their money or rely on their investments for income. Twelve-month CD rates have been below 2% since 2008, and they were just 1.29% at the end of 2018.
You’ve seen the cycle with friends. Their parents became frail and now need help doing basic things around the house, scheduling their transportation, and keeping track of meds. Your friends are concerned about their parents’ ability to live safely on their own. They tell you about technology that’s helped them with caregiving. You listen politely and put it in the back of your mind. That’s not your situation—not yet.
"Even though the tax reform bill brought some big changes, it made a lot of things simpler. Stick with us, and we’ll break down the details so you understand what’s changed and how those changes impact you now that it’s 2019!"