Covell Financial

Financial Planners who take commissions have a built-in conflict of interest ... even with disclosure, my choice would be a Fee-Only planner. - Jane Bryant Quinn, Newsweek

Covell Financial strongly believes that a fee-only structure is the only method of compensation that aligns the interests of the advisor and the client. We do not accept commissions on the sale of investments. This allows us to avoid the inherent conflicts of interest that arise when an advisor is in a position to gain financially from the purchase of stocks, bonds and mutual funds recommended to a client.

According to the Wall Street Journal, 81 percent of investors with $1 million or more plan to take money away from their current advisor. A surprising 86 percent plan to tell other investors to stay away from their advisor. That is important since investors tend to get advice from each other. The irritation is especially high at the "brand name" firms -the large brokers and banks. Fully 90 percent of clients of brand firms plan to take money away from their advisor. 70 percent plan to leave altogether. Isn't it time you considered using the services of Covell Financial? We are a full service wealth management and advisory service.

No single factor has played a greater role in the destruction of people's wealth and retirement plans over the past quarter century than the investment return assumptions on which most advisers and financial services firms base their clients portfolios and their product pitches. The biggest myth is that the stock market returns, on average, about 10% a year. This figure was baked into so many retirement plans that you'd think it was a scientific fact…” —Forbes Magazine, Feb. 2009