Wealthcare Financial Group, Inc.
President, Retirement Planning Financial Advisor
Martin A. Smith founded Wealthcare Financial Group, Inc.™ as a retirement planning and investment management firm. He is committed to providing each client with values-based advice and custom-tailored service. Thus, the need for prudent advice and high quality service is also the basis for his business philosophy; “How much better it is to get wisdom than gold! And to get understanding is to be chosen rather than silver!” Proverbs 16:16
As a MD Fee-Only Financial Advisor, Martin is able to serve the unique needs of high net worth individuals and family offices with more breadth and depth than what is traditionally offered by wealth managers through his firms proprietary Wealthcare Financial Plan™. Martin has completed a M.A. in Commercial Real Estate Finance at Georgetown University. In addition, he has completed several financial planning designations: the Accredited Investment Fiduciary (AIF®) and Accredited Fiduciary Analyst (AIFA®) designations, as administered by Fiduciary360 and awarded by the Centre for Fiduciary Studies (CEFEX).
In addition, Martin has earned the Retirement Planning Specialist (RPS®) certification, upon completion of the “AT RETIREMENT®” coursework; an educational program that was jointly sponsored by The Executive Education Department of The Wharton School of the University of Pennsylvania, and AXA Equitable, Inc. He has also earned the Chartered Retirement Planning Counselor (CRPC®) designation from the College for Financial Planning in Denver, CO.
Martin makes regular media appearances, having been a guest on News Channel 8, NBC Universal Channel 4, WTOP Radio News & Business and CBS Radio. In addition, he has been invited to teach a series of financial management educational seminars for the NBA Development League. In an effort to bridge the financial literacy gap, as well as provide ongoing personal finance education, Martin writes for Answers About Wealth™, which serves as the blog for Wealthcare Financial Group, Inc.™
Martin earned his Bachelor of Arts Degree in Legal Communications, from Howard University in 1992. He later joined A.G. Edwards & Sons as a Financial Advisor and was later promoted to the position of Assistant Branch Manager. Martin resides in Bowie, Maryland with his wife, Walida. Together, they have seven children.
BA, Legal Communications, Howard University
MPS, Commercial Real Estate Finance, Georgetown University
Assets Under Management:
Annual percentage based on assets under management.
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Martin A. Smith
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On News Talk Live Discussing "Major Retirement Planning Mistakes", on News Channel 8
Hi, and thank you for taking the time to submit your question about Edward Jones's Guided Solutions program. The DOL's fiduciary law (aka "Fiduciary Rule") was set to take effect in a few months, although this could change now considering the new Administration. The Edward Jones representative was correct by stating that the new legislation places additional fiduciary responsibility on Broker/Dealers and financial advisors. One aspect of the Rule is the 'reasonableness' of the costs associated with investing through a brokerage firm and/or investment advisor.
I don't agree that the rule in itself should impose a set "fee" (e.g. 1.35%, 2%, etc.) that you will have to pay. Generally speaking, fees should be reasonable, not excessive. I also believe that fees must reflect the value that you are receiving from the firm where your portfolio is being managed. One advisor may charge 1% and another might charge 1.25% to manage the same amount. The investment representative is supposed to provide you with a prospectus and/or "ADV-2" document that relates to the Guided Solutions program. Basically, merely saying "laws have changed...fill out additional paperwork and accept our fee," falls short of the responsibility we have as financial professionals.
I am not knocking Edward Jones, however, since there are literally thousands of "Jones brokers" around the country, you could work with whoever you want, including hiring an independent Registered Investment Advisory firm, such as Wealthcare Financial Group, Inc. You are doing the right thing by reaching out to a number of financial advisors on Investopedia. You will receive a wealth of helpful information and advice on this site!
Lastly, whoever you hire should prepare a comprehensive financial plan for you that is supposed to inform the investment advice and/or other personal finance related recommendations given to you. At the end of the day, the solutions that we provide to people such as yourself is supposed to help you achieve your values, needs and goals.
I wish you the best!
Greetings and thanks for posting your question. I believe that you are doing the right thing by investing, however don't allow time for 'negative compounding interest' to get the best of you. Begin paying down your student loan debt! I am not going to suggest that you sell your mutual funds to do so, but at least set up a plan to begin reduce your student loan liability. That type of debt can (and will) cause your FICO score to remain somewhat mediocre because the interest on the debt continues to build. The more your debt balance grows, it will have a negative impact on your credit.
I wrote a blog post about "building excellent credit", you can read it here: https://www.answersaboutwealth.com/build-excellent-credit/
Thanks again for your question.
The impact of lower interest rates is usually experienced in the housing market as people are incentivized to purchase a house or an investment property. Also, a reduction in interest rates might have a positive impact on capital spending as companies may consider lower interest rates as good timing to upgrade equipment, improve manufacturing, and hire additional employees. However, I would not say that there is a definite "cause & effect" relationship between lower interest rates and increased investment spending, I believe it depends on whether the investment spending is being done by a person or a corporation. In addition, from an investor's perspective, whether a reduction in interest rates will increase capital spending also depends on what side of the market the investor is on.
Some investors are "bullish" and others may be "bearish." Therefore, a reduction in interest rates might not make a bearish investor too happy since he/she is betting that something will cause the market to fall. Thanks for your question.
A systematic investment place is when you decide to invest a specific amount of money every month or quarter into an investment, which can be a mutual fund. Most mutual fund applications have a box that you can select under the heading "Systemic Investment Plan (SIP)" and then you are able to determine what your automatic recurring investment will be.
Thanks for posting your question. It is difficult to know what is causing the volatility of the stock that you own without knowing more about which company it is. Generally speaking, volatility is usually a result of their buying or selling pressure that impacts the price of the stock. The more buyers, the stock will increase and the more sellers, the stock will decrease, generally speaking. There are numerous factors that will influence each individual (or institutional) buyer or seller of the stock that you own, such as:
- Is the company earning profits?
- Are the profits earned increasing from quarter to quarter and year to year?
- How much debt is the company carrying on their balance sheet, if any?
- How much cash does the company have on their balance sheet, if any?
- Who comprises the company's management team and what is their professional backgrounds?
- Has the management team been successful at a different company in the past?
- Is the stock being courted as a "takeover" option?
- Is the stock/company acquiring another company?
- How are the company's competitors doing in the market?
- What is the current economic environment and how might this influence the stock that own?
- Are there any regulations on Capitol Hill that is either threatening or supporting the company?
These are just some of the questions that you should consider, obviously there are many more questions that I didn't post. The trading volume could also be triggered by Day Trading activity. If the stock is a Penny Stock, then there is a higher probability that a lot of speculative investors are trying to make a quick buck from the daily trading volume. The possible factors are many.
Thanks again for your question.