Aptus Quoted in TheStreet Article on Reasons to Fire Your Financial Advisor

Interesting article in TheStreet by Ellen Chang: Fire Your Financial Advisor If He Follows Any
of These 12 Doctrines
. Tidbits from the article include:

 'Some advisors are not fully disclosing their inherent conflicts which make it difficult for them to provide truly unbiased advice, said Tim Quillin, a CFA and partner at Aptus Financial, a Little Rock, Ark.-based financial planning firm. In some cases, the advisor might sell insurance and could be biased toward recommending whole life policies. "The advisor might earn commissions from selling certain mutual funds and therefore push clients into those selections," he said. "More commonly, though, advisors simply charge a percentage of assets under management (AUM) and so are predisposed to recommend that clients deposit funds into their managed accounts versus paying down debt or contributing to employee-sponsored retirement plans."'

'There's never been a better time to do-it-yourself because of platforms which are easier to navigate and help investors visualize their holdings and asset allocations. A wide range of index funds and mobile apps have also made trading faster and more reliable. In addition, there are "insightful financial blogs and forums like White Coat Investor and Bogleheads," he said. The number of flat-fee financial planners has risen..."'

'"You can do it yourself, but you don't have to do it alone," Quillin said.'