CNN and Fortune cite Wharton Wealth Planning market advice

By: PRLog

MANHATTAN, N.Y. - Feb. 29, 2024 - PRLog -- Wharton Wealth Planning, LLC, a New York-based independent fee-only fiduciary financial advisor, continues to garner media attention for its straightforward, comprehensive approach to investment strategies for navigating today's volatile markets.

CNN has just published Wharton Wealth Planning's advice on making decisions related to the purchase and sale of stocks ( "As an independent fee-only fiduciary financial advisor, we have a tremendous advantage in helping clients reach their financial goals," David Rosenstrock, CFP®, MBA said, "because we are fee-only and don't accept any commissions. So we are not tied to any particular products or family of funds and can always put our clients' interests first when providing advice." The article notes, "When an investor holds on to a stock, the investor is exposed to market and company-specific risks and related potential share price volatility- so understanding the specific risks and rewards of the investment is crucial."

The CNN article follows on the heels of earlier recognition from Fortune, Forbes, CBS, Fox Business and other media channels geared to serious investors. In a recent interview with Fortune magazine in January 2024, Wharton Wealth Planning founder David Rosenstock outlined some thoughts on the risks and rewards associated with short-term interest rate investments such as certificate of deposits and high yield money market accounts.

Current higher interest rates are mostly a positive for investors, Rosenstrock noted, but investors need to watch out for pitfalls too. Two years ago, yields on 10-year Treasury bonds were below 2%. They've more than doubled since then. Higher interest rates increase the long-term return potential for bonds and other short-term assets, meaning that investors can earn higher returns without having to move into riskier asset types like stocks. But higher yields also bring potential pitfalls that investors should be aware of.

Wharton Wealth Planning gears its advice to long-term investors and avoids unproven and speculative products like cryptocurrencies, Rosenstrock said. "All of our clients want to grow their assets for the long-term," he added, "but they also want peace of mind and downside protection."

According to The Wall Street Journal, of the roughly 295,000 professionals in the U.S. who offer clients financial advice, fewer than 2% are fee-only advisors who follow a true fiduciary standard that prohibits commissions on products recommended to clients and legally requires the advisers to always put their clients' interests first.

Wharton Wealth Planning ( ) provides comprehensive and consultative wealth management services. Wharton Wealth Planning employs a disciplined investment philosophy backed by academic and scientifically validated principles and processes. Unlike many other brokers and advisors, Wharton Wealth Planning advisors' compensation is not based on what products are used to implement client investments. CERTIFIED FINANCIAL PLANNER™ practitioners have taken additional steps to demonstrate their professionalism by completing a rigorous certification process, meeting continuing education requirements for ongoing certification, and adopting the CFP® Board's Code of Ethics and Standards of Conduct.

Wharton Wealth Planning, LLC
David Rosenstrock, CFP®, MBA
Director of Financial Planning

Source: Wharton Wealth Planning, LLC

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