Evensky: Fee-only advisors face annuity dilemma

July 29, 2015 by NICK THORNTON

Don’t confuse fee-based RIAs with fee-only RIAs if you want to talk fiduciary regulations with Harold Evensky and expect to get away with it.

Evensky, chairman of Evensky, Katz and Foldes Financial, a fee-only wealth management firm with about $1.5 billion in assets under management, is credited with being one of the first to pioneer the fee-only advisory movement in the early 1990s, when his practice made the jump from a commission-based model of compensation to a fee-based, fiduciary model.

Now in his 70s, he continues to lead the firm he co-founded and serves as an adjunct professor at Texas Tech University, where he teaches a graduate course in wealth management. Click here to read…

Originally Posted at LifeHealthPro on July 28, 2015 by NICK THORNTON.