Pam Krueger | Source | Founder and CEO at Wealthramp
Pam Krueger
Pam Krueger is a recognized investor advocate, personal finance journalist, and author. She is the founder and CEO of Wealthramp, a fee-only financial advisor matching service that has connected over 20,000 people with the right advisor. Pam is also the creator and co-host of the award-winning MoneyTrack investor education TV series, seen nationally on PBS, and the Friends Talk Money podcast. With more than 25 years in the industry, she is one of the leading voices on personal financial advice. Pam's been the recipient of two Gracie Awards and received the 2021 NAPFA Special Achievement Award for educating people about the value of fiduciary financial advice.
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Wealthramp (http://www.wealthramp.cpm)
Founder and CEO
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The Overwhelming Majority of Fee-only Financial Advisors Are Not Making Adjustments to Clients’ Investments During the Final Quarter of 2020
SAN FRANCISCO, Calif. (PRWEB) October 26, 2020 -- You can call the market “wacko” or volatile, but fee-only financial advisors are feeling confident in the
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Navigating Mid-Life Career Changes: Financial Strategies for Success
Pam advises building a 'transition fund' to cover 12-18 months of expenses, stress-testing your budget for a potential income drop, and optimizing retirement strategies. She suggests using high-yield savings accounts, creating a "skinny budget," and consulting a fee-only financial planner to maintain stability and growth during career changes. -
Seniors and Debt: Expert Insights on Credit Card Forgiveness
Pam advises that debt forgiveness is smart when other remedies fail, but warns of tax liabilities and credit impacts. She suggests consulting a fee-only advisor. For DIY debt reduction, Pam recommends 0% interest balance transfers and the snowball method to tackle smaller debts first, providing motivation and control over financial terms. -
Navigating Financial Talks with Aging Parents: Expert Tips
Pam advises respecting parents' financial boundaries and suggests starting conversations with gentle, non-confrontational questions. She highlights the importance of having key documents like a durable power of attorney. Pam warns of red flags like sudden spending changes and recommends services like Carefull to prevent elder fraud. For professional help, she suggests using platforms like Wealthramp.
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The results of this survey illustrate who these advisors are – true fiduciary financial advisors who are completely bifurcated from sales. What it shows is clients are receiving qualified advice and financial planning instead of product selling. And clearly this matters to investors, especially in the current economic environment. We see this satisfaction in the overall client retention rates of those surveyed, as well. The majority of advisors report a current client retention rate of above 97%, with not a single advisor in the survey selecting an overall retention rate of below 80%. Americans are increasingly relying on vetted, fee-only financial advisors for assurance on how to protect their finances during a year of challenging headwinds.
