Christopher Letendre

Golf Fundamentals: How It Got Its Name and How It Is Played


Published on: 09-21-22

This article will teach you the history of the game, the meaning of the word, and the proper sequence in which to use them. You'll also gain an understanding of how golf differs from other sports. You will have learned more about the sport after finishing this article than you ever imagined imaginable.

There is still a lot of mystery around golf's past. Several theories place the game's inception before the 15th century. Alternatively, some argue that it developed from medieval football. In any event, it's helpful to know where the sport comes from so you can appreciate its development. Whatever the reason may be, golf continues to captivate a specific subset of the population.

Historians have argued for years over who invented golf and what its origins were. Historians debate whether it was directly derived from the ancient Roman game paganism, which included hitting a wool-stuffed leather ball. While the Romans were conquering most of Europe, they brought with them this ancient sport, which eventually evolved into the soccer we play today. The game, known as chuiwan in China, was so popular that merchants introduced it to Medieval Europe.

Scotland's rich cultural heritage is celebrated throughout spring and summertime Highland games. Festivals like these are typically hosted in nations with sizable ex-pat communities of Scots. An enjoyable way to honor Scotland, the Celts, and the Highlands is through the games. Both broadcast and in-person viewing options are available for these events.

The game may have evolved from clan competitions or tests used to choose retainers for clan heads, but its precise genesis remains a mystery. Fetteresso, a little village just south of the Highlands, may have been the site of the first games.

David Wedderburn, a Latin teacher at Aberdeen Grammar School in the 16th century, produced a Latin textbook for his students that incorporated words for topics his students already knew. His exposition of golf, titled "Baculus" (Latin for "club"), was the earliest known comprehensive treatment of the topic. This term is now often used among golfers all around the world.

Scottish golfers have been teeing off since at least the Middle Ages. The Dutch, who had played a similar game with a stick and a ball on frozen canals, introduced it to Scotland. Eventually, the Scots embraced the game, using Dutch-imported wooden balls.

Golf's order of play is vital for the smooth flow of the game and the avoidance of squabbles on the green. As stated in the game's rules, the order of play is strictly enforced. If everyone plays by these guidelines, the round of golf will go off without a hitch. Also, everyone will have more fun on the course if everyone plays according to the sequence of play.

For the first stroke of each hole in golf, the player with the lowest score from the previous hole goes. However, there are situations in which the ball that is furthest away from the hole is played first. Sometimes the order of events is decided by a coin toss.

There is a lot of uncertainty in golf scoring. Even with keeping the same par, scores on different holes can vary. Scores might vary like this for a number of reasons. As a rule, a hole's length and difficulty can affect the overall score. On the other hand, golfing performance can be affected by factors outside the golfer's control. By investigating these elements, we can learn what drives these differences.

Par three holes, for instance, tend to generate more variation than par four holes do. A "u-shape" trend describes this movement. The results of the same performance off the tee would be different in a par four or five holes, where missing the fairway carries heavier penalties.

What Exactly Is Specializing Professional Insurance? 

published on : 09-07-2022

Professionals can choose from a choice of specialty insurance coverage. These plans will cover a wide range of hazards, like as liability and property damage. The sort of insurance you require will be determined by the type of business you run. A lawyer, for example, will receive a different type of policy than a landscaper. An independent insurance agent can assist you in determining the right type of policy for your specific needs, as well as the proper level of coverage.

Some professions are required by law to carry professional liability insurance. It shields you from litigation and financial losses caused by errors you make while doing your obligations. These policies, however, can be costly. Many professionals are covered by their employer's professional liability insurance. If you have an employer-provided policy, it is critical that you understand it and that you are covered by it. Otherwise, you'll have to find your own policy and work with an insurance agent.

Professional liability insurance protects you from reputational concerns in addition to liability coverage. It may also cover situations such as employee dishonesty or legal costs. This form of insurance can be extremely crucial depending on the industry you work in. This form of coverage is provided by a number of major insurance firms.

A decent insurance firm should know how to deal with such scenarios. A qualified North Carolina insurance company can advise you on whether you require professional liability insurance. They employ specialized personnel who understand the need of professional liability insurance. Having a professional insurance firm on your side can be quite beneficial in safeguarding yourself and your business. If you're not sure if you need this form of insurance, talk to Specialized Insurance Group about your options.

What Are the Different Kinds of Financial Advisors?

Published on: 08-22-2022

The fees charged by RIAs and broker-dealers are a significant distinction. RIAs are fiduciaries who act in their client's best interests. This means they can only recommend products that are relevant to those interests. On the other hand, broker-dealers do not have fiduciary duties but must meet a suitability standard. This means that before making a final decision, it is critical to understand any financial advisor's fee structure and track record.

 

A human advisor will typically provide advice on various financial products and services. Instead of a computerized financial planner, a human advisor can work with you over time, developing a relationship with you and anticipating your changing needs and desires. While a robot advisor can make financial recommendations, you should still seek advice from a financial planner who is open and answers your questions.

 

Fee-based financial advisors charge their clients a percentage of their assets annually and are frequently compensated through commissions on investment trades or other financial products. As a result, those who use a commission-based structure typically earn more than those who only charge fees. This arrangement, however, is not suitable for every client. Therefore, it is preferable to seek the services of an SEC-registered adviser. Visit BrokerCheck for more information on fees and disciplinary history.

 

A broker is another common type of financial advisor. These advisors specialize in investment and insurance sales. To become registered brokers or investment advisors, brokers must pass a series of exams. These exams are usually two or six hours long and require a score of 70 to pass. Once licensed, financial advisors can legally sell insurance. If the financial advisor fails to pass these exams, they will be unable to sell securities products.

 

Financial advisors are compensated in different ways. A financial planner, for example, may work directly with the client, whereas the insurance companies may pay an insurance agent. They can also sell investments but are compensated by the businesses they recommend. This implies that their fee is included in the insurance premium. It is also critical to ensure that your advisor is registered with your country's securities regulators. The Ontario Securities Commission and the Canadian Securities Administrators are these regulators.

 

Your specific circumstances heavily influence the type of financial advisor you hire. If your financial situation is complicated and you want someone who understands the complexities of money management, you may require the services of a financial planner. You may also need the services of a financial planner if you have recently acquired money or received an inheritance. A financial planner will advise you on the best places to put your money. The right financial advisor will assist you in reaching your objectives.

 

A financial planner assists clients in developing a sound, stable economic plan. This strategy could include investing, retirement planning, and tax planning. The advisor will help clients make these decisions while also keeping an eye on their accounts. The advisor will also ensure that they are not overpaying taxes. Furthermore, financial planners can assist clients in keeping track of their investments as their lives change. They will also advise you on how much to save and invest and which types to select.

 

A CFP Board of Standards certification is required for a certified financial planner. A financial planner must also pass FINRA exams to become a Certified Financial Planning (CFP) Association, member. They can work for any of the financial consulting firms. They are usually paid on commission and work for a fee. Licensed financial advisors typically work full-time and travel to meet new clients and expand their professional network. Education and on-the-job training are prerequisites for a career as a financial advisor. A bachelor's degree is required to work as a financial planner. Most financial advisors have a background in economics, accounting, or a related field. Some people go on to get master's degrees or further their education.

 

The approaches and expertise of the three types of financial advisors differ. Robo advisors are generally less expensive and offer 24-hour access to automated investment solutions. In addition, Robo advisors aim to remove the emotional rollercoaster that comes with investing. Robo advisors, however, are not appropriate for every situation, and it is critical to find an advisor who understands your situation and goals. Furthermore, they may have the experience to assist you in making an informed financial decision.

Is it worthwhile to pay investment advisory fees?

Published On: 07-25-2022
You pay a fee when you employ a financial advisor to help you invest your money. The costs differ depending on whether it is a percentage of the sale or a platform charge. Advisory fees are typically three to six percent of the transaction price. Some advisers get commissions from product sales, while others do not charge the customer at all. This post will go through common investing advising fees and how they might impact your portfolio.
The cost of investing advice varies greatly. Depending on the size of the advising business, these fees might vary from three to six percent of the sale price. Some platforms will cover a portion of these costs. In other circumstances, advisers will earn intangible financial benefits such as discounted software and conference admission. Platform fees are projected to fall as consulting firm size and account size grow. If costs are an important aspect in your selection, here are some suggestions to assist you make your choice.
Fees for investment banking vary depending on the sort of funds you invest in, the amount of the transaction, and the business. Fees are often cheaper in smaller businesses than in bigger firms. Most fees are divided into two categories: success fees and retainers. Some costs for investment banking services are listed below. Always evaluate the costs involved and how much you are prepared to spend to attain your goals when selecting a financial advisor.
Financial advisers who work on commission earn money by selling financial products and creating accounts for their customers. They often provide financial products such as mutual funds and insurance packages. Their earnings are determined on the number of accounts they open and transactions they execute. Although commission-based advisers have a conflict of interest, they are not required to declare it. They are still considered fiduciaries and must follow subjective suitability criteria.
Fee-based adviser remuneration varies, but most receive a portion of their revenue from financial products sold. This might be in the form of flat annual fees, monthly retainers, or a percentage of the client's assets under managed. When these consultants offer items, they collect commissions, which might constitute a conflict of interest. When selecting a fee-based adviser, make important to inquire about their pay arrangement.
Fee-only advisers sometimes charge lower fees than commission-only advisors, however they are not always RIAs or fiduciaries. Commission-only advisers may be tempted to offer goods that profit them rather than the greatest financial possibilities. They will also demand larger costs because they profit from each transaction, even if the investments are not the greatest for the final client.
While most individuals recognize the distinction between a fee-only and a commission-only financial advisor, the definition is not always apparent. In certain circumstances, commission-only advisers do not charge fees to their clients and frequently present themselves as fee-only advisors. This is a critical distinction for consumers to understand, yet many advisers utilize it to avoid conflicts of interest. The final client can make an educated decision as long as an advisor's pay is disclosed.
Typical expenditure ratios for investment advising fees account for a sizable portion of your total investment cost. If your adviser provides more than one service, they may charge a greater fee. While you cannot avoid these costs entirely, you may take efforts to reduce their impact. For example, ask your financial adviser whether there are any extra costs associated with portfolio management. Expense ratios are computed using asset weighting, therefore the higher the ratio, the less money you will receive from your portfolio.
The average expense ratio for an advisor-managed portfolio in an Inside Information Fee Survey was 0.50 percent. Lower-cost funds will have lower expense ratios today. Look for an investment advisor that charges an all-in fee of less than 0.5 percent. Index mutual funds and ETFs should have fee ratios of less than 0.25 percent, but overseas stocks and bonds may have greater charges.
Investing in ETF-based portfolios can help you save money on investment adviser costs by following multiple market sectors. ETFs are baskets of stocks and bonds that are designed to imitate the performance of a specified index. This passive management method necessitates less labor for investors and typically results in cheaper investment advice costs. However, unless you are an expert, you should not trade ETF shares on margin.
Investing in ETF-based portfolios is another option to save money on investment adviser costs. Customers of Edward Jones, for example, have access to a wide range of investing possibilities. Customers may also specify the amount of active management they desire. A prospectus is used to sell the funds themselves. While diversity increases the possibility of profit, it does not ensure loss protection. Furthermore, the fund's performance may be worse than the initial investment's performance.
Many Robo-advisers charge far less than human financial advisors. Robo-advisors, unlike humans, do not have to pay for the time and effort required in making financial judgments. As a result, they may charge cheaper fees. Furthermore, Robo-advisors may select proper investments without the need for human intervention. A human adviser, on the other hand, is still the best option if you want hands-on financial guidance.
Some detractors of Robo-advisors claim that machines lack human judgment and touch. While this is true in many circumstances, the SEC and FINRA have said that human judgment and connection are required for executing fiduciary obligations. They also say that Robo-counsellors ignore tiny information that human advisers can discover. They cannot illicitly influence investing decisions because they are driven by computers.

Do Investment Advisory Fees Make Sense? How to Locate the Most Appropriate Fee Structure for Your Financial Planner

Published On: 07/05/2022

When considering the price of an investment counseling service, you may wonder, "Are investment advisory costs justified?" Even though many advisers trade individual stocks and bonds, the total cost of this service is frequently lower than that of the typical investor. Christopher Letendre pointed out that, because advisers often have extensive portfolios, the underlying transaction costs are typically not as high. In addition, advisers generally pass along a part of these expenses to clients through an AUM fee reduction.

The initial step in negotiating a price with an investment advisor is to identify the actual cost of the service. It is not unreasonable to charge 1 percent or even less for a service. However, you must be familiar with the average price structure of the business and have a solid alternative work offer. If your financial adviser feels you are leaving, he or she may be more amenable to negotiations. However, if you do not know how much you owe in investment advice fees, it is not advisable to have a dialogue with them.

Depending on your assets, the fee structure may be costly or affordable. For example, an hourly rate may be less expensive in the short term but may be too costly in the long run. You may also opt to pay an annual retainer comparable to a flat charge based on AUM. Additionally, a yearly retainer may provide access to extra services. Finally, if you are unwilling to spend more than $20,000 for an investment advisor's services, you may choose to locate one with a reduced fee structure.

Consider whether you also require investment advising services and financial planning services. The cost structure is typically 1 percent yearly, while some brokerage companies utilize mutual funds with higher expense ratios. This implies that total fees may reach or exceed 2 percent. Before engaging a financial adviser, you may want to examine if you need these services, as prices for smaller accounts are typically higher.

Also available online are a financial advisor's costs. They are often mentioned under "fees" or "information" on the website. Some investment managers even post their fees online. For instance, rates for a limited scope engagement that focuses on your cash flow, savings capacity, and investment portfolio range between $1800 and $3000. However, if you choose a deeper investigation, you may be charged between $4200 and $6000.

Christopher Letendre emphasized that, fee-only financial advisors have the fewest conflicts of interest. They charge a set or hourly rate because they do not collect bonus commissions on deals. The highest-quality advisers adhere to fiduciary norms and prioritize the client's best interests. Typically, fee-only advisers charge one percent of total assets. Typically, these advisers adhere to solid fiduciary requirements that safeguard their customers.

Robo-advisor services are an additional way to save money. They track market fluctuations and adjust holdings as required. In addition, some Robo-advisors use financial specialists to aid with the creation of investment programs. Despite not charging trading fees, Robo-advisors do charge for advising services. However, these fees are often less than those of conventional financial counselors. You may also choose a hybrid service that combines a Robo-advisor with a human, financial advisor.

When searching for a financial adviser, it is essential to investigate their history. Determine if they are authorized to work as a financial advisor and study their licensure and professional qualifications. Additionally, you should explore their account for any recent regulatory actions or complaints. This investigation may be time-consuming, but it might help you obtain better financial advice, save money, and reach your financial objectives. There is no perfect method to tell whether a financial advisor is a good fit, but selecting fiduciary guarantees that your goals are satisfied.

Christopher Letendre noted that, you may also hire a human adviser to manage your portfolio. These advisers will assist you in adjusting your portfolio as your life circumstances change and make investment recommendations. However, you must consider these concerns before subscribing to an investment consulting service. It is worthwhile if your financial condition permits you to engage a human, financial counselor. Most people will want financial guidance at some time in life, and the costs are justified if the services provided are valuable.