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According to the National Association of Personal Financial Advisors, and the review material that is included in the Certified Financial Planner examination, a fee only advisor will be compensated completely by payments from their client. These compensations may be gained from the combination of the hourly fees that the person charges the client, along with asset management fees they apply for each asset they take care of, and the fees they charge for developing the budget plans for the individual.

When a person working in this field says they are a fee only worker, then them or anyone associated with them are not allowed to take a commission, rebates, awards of money, finder’s fees, or any other method of receiving money as a result of putting into action the client’s recommended strategies. This type of planner has fewer conflicts of interest with their clients.

Fee only planners reduce the conflict of interest by not advising a client to buy products, or to make investments, when holding onto their cash may have been the best choice for the client. Full article…

Maybe I’ve had kiwi on the brain.

I have been talking about why I’ve been so bullish and I never like it when I’m only focused on one side of the trade.

So here’s a breakdown about where the NZD/USD could find some selling pressure after what’s been a strong move higher from 0.7900 to now just above 0.8200. The daily NZD/USD enjpyed a late week rally to go into the three-day U.S. holiday weekend. But if the U.S. Dollar Index breakdown through 75.00 stalls, this could begin an NZD/USD correction lower. Chart pattern alert courtesy of .

The daily NZD/USD has rallied to the upper trendline resistance level of a year-long Rising Wedge. The pair is also testing the waters above 0.8200 which I will be watching closely for bullish momentum. So far, and remember it IS Sunday so confirmation as the European session is requires but the Monday trading session in the U.K. and U.S. will be light due to bank holidays.

But the timing of the U.S. Dollar Index 75.00 level and the resistance of the pattern on the NZD/USD could set up a correction in each.

Full article…