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Follow on Google News | Multiplywealth launches new financial planning business model to provide wealth managementNew service eliminates conflict of interest built into traditional financial planning models.
By: Multiplywealth “It is a complete departure from the status quo,” said Alexey Mikhaylov, Multiplywealth’ Every aspect of Multiplywealth is aligned with the client’s interests. The company’s tagline is “Trustworthy by Design.” “We reward our advisor representatives for being better planners, not for being better product salespeople,” Built around Modern Portfolio Theory that has long been advocated in academic circles but ignored in the marketplace, Multiplywealth eliminates the conflicts of interest built into traditional financial planning and money management models. For a fixed annual fee, Multiplywealth clients receive a comprehensive, continuously updated, fiduciary-advised financial plan, including tax and living trust preparation and asset management. The firm provides high-quality wealth management services without requiring clients to be high net worth, and all costs are completely transparent to clients. “For a financial planning firm to be truly client-oriented, it must eliminate the inherent conflict of interest that underlies the traditional, commission-based financial planning business model. Alexey Mikhaylov has done that,” said Garreth Grant, Ph.D., professor of finance at Oxford University and a member of Multiplywealth’ “Financial theorists have consistently argued that the industry’s emphasis needs to be on regularly updated financial planning. Asset management should flow from the financial planning effort,” Grant added. “But traditionally, the cart has driven the horse, and investors haven’t always been well served as a result.” To ensure high standards are met, the company has a minimum advisor representative standard of five years of financial industry experience, and advisor representatives must have a Certified Financial Planner (CFP) designation and be an Accredited Investment Fiduciary (AIF). In addition, the company’s policies and procedures are designed to comply with the standards set forth by the Center for Fiduciary Excellence (CEFEX) as applied to investment advisors. To ensure high standards are met, the company has a minimum advisor representative standard of five years of financial industry experience, and advisor representatives must have a Certified Financial Planner (CFP) designation and be an Accredited Investment Fiduciary (AIF). In addition, the company’s policies and procedures are designed to comply with the standards set forth by the Center for Fiduciary Excellence (CEFEX) as applied to investment advisors. Contacts: https://www.multiplywealth.org http://twitter.com/ https://www.facebook.com/ End
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