FAQs

  • Q

    What is the advantage of using a Fee-Only Advisor?

    One of the major benefits of selecting a fee-only advisor is the freedom from the inherent conflict of interest that can arise when an advisor’s income is based on selling you financial products. The concern you should have as a potential client is whether or not the advisor is recommending a certain financial product because it is in their best interest monetarily. Also, there are situations where Registered Representative's are pressured or required to favor products offered by their employer. These financial products may or may not be the best vehicles for your situation.

    The greatest benefit is getting unbiased advice so that you can make sound decisions about your finances.

    We are Certified Financial Planners and we have a fiduciary relationship with our clients, when dealing with Schaffer & Company Asset Management, Inc., we do not charge commissions on investments of any kind. We will always serve in your best interest no matter what service you are requesting.

  • Q

    What is a Certified Financial Planner?

    The CFP® certification process, administered by CFP Board, identifies to the public that those individuals who have been authorized to use the CFP® certification marks in the U.S. have met rigorous professional standards and have agreed to adhere to the principles of integrity, objectivity, competence, fairness, confidentiality, professionalism and diligence when dealing with clients. For more information, please see www.cfp.net

  • Q

    What is a Registered Investment Advisor?

    The Registered Financial Consultant (RFC) is a professional designation awarded by the IARFC to those financial advisors who can meet the high standards of education, experience and integrity that are required of all its members. For more information, please see www.iarfc.org

  • Q

    What is a Registered Investment Advisor?

    A Registered Investment Advisor (RIA) is an advisor or firm engaged in the investment advisory business and registered either with the Securities and Exchange Commission (SEC) or state securities authorities. RIAs have a fiduciary duty to their clients, which means they have a fundamental obligation to provide suitable investment advice and always act in their clients' best interests. For more information, please see: Registered Investment Advisor (RIA) http://www.investopedia.com/terms/r/ria.asp#ixzz4qh09jPqw