Guests at a Sunday night screening of Money Never Sleeps included hedge funder Jeffrey Epstein, who was greeted warmly by guests after he completed a prison sentence in June. “It was the first time he has been out in two years, but nobody blinked he was there,” a witness reports. “He was chatting to Jonathan Farkas, Wilbur Ross and Leon Black. He was sitting right near Rudy Giuliani.” Also there were moguls Stephen Schwarzman, Pete Peterson, Teddy Forstmann, Peter Brant and Martha Stewart, as well as TV journalists who cover them, including ABC’s Chris Cuomo, Bloomberg TV’s Gigi Stone and CNBC’s Maria Bartiromo. [NYP]
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SoFi Answers the Call to Refinance Student Loans and Provides Unique Community Benefits
This is a guest post written by SoFi’s CEO, Mike Cagney.
CLICK HERE TO READ THE FULL ARTICLE
Recently, there’s been a lot of talk amongst leaders in Washington about how to improve the painful process of repaying student loans. At SoFi, we feel your pain and work hard to offer more flexible, more affordable options for our borrowers. One idea that’s getting a lot of attention is increasing the options for refinancing debt after graduation. The only lender currently focused on refinancing private and federal student loans is SoFi.
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In a recent article posted on MainStreet.com SoFi General Counsel Rob Lavet had this to say about SoFi’s ReFi products:
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You know what they say: You can’t choose your family, but you can choose your financial planner. Or something like that. One of the great things of being in charge of your money is choosing who (if anyone) will help you manage it. The choice isn’t always an easy one. How will you know that your planner is reputable and trustworthy?
These five red flags may be good indications of whether the financial planner sitting across from you is someone you should trust with your money. LearnVest Planning also provides an innovative 7-step program for your money where you work one-on-one with a financial planner. To see if this program is right for you, start with a free financial consultation.
1. She Isn’t Certified
“There are a lot of good planners out there who aren’t Certified Financial Panners™,” says Samantha Vient, CFP®, of LearnVest Planning Services. “However, CFPs® are required to adhere to the CFP® Board’s standards of professional conduct.We believe it’s always a good idea to work with someone who has the CFP® designation, which is issued after completing a CFP® Board-approved personal financial planning curriculum, passing a rigorous exam issued by the Certified Financial Planner Board of Standards, meeting experience requirements and passing an ethics and background check.
2. He Offers to Manage Your Money for “Free”
Financial planners are usually paid in one of two ways: Either through fee-only, which can be a set fee, hourly, retainer or a percentage of the assets they manage for you, or through commission, which means the planner is paid each time he buys or sells an investment.Fee-only payment structures can be more desirable to some clients, as there’s no financial incentive based on assets under management for a planner to buy or sell, whereas working on commission encourages planners to make trades, rather than solely look out for your best interest—called a “fiduciary” duty. (You want to be sure that the planner you choose is a fiduciary.)
LearnVest Planning Services provides the services of fee-only Certified Financial Planners™. Get started for free with a 15-minute financial consultation.
3. She Says She Outperforms the Market
“If a financial planner tells you that she can outperform the market, that’s a major red flag,” Vient explains. “In fact, due to government regulations, it’s illegal to advertise statements that promise a specific return.”Outperforming the market—that is, getting better investment returns than the market average—is extremely difficult to do consistently, and requires taking a lot of risks with your investments. It’s rare to find a financial planner who can consistently outperform the market—and results are never guaranteed. Either way, in the pursuit of these high returns, she’ll be exposing your investments to much higher risk than you may be comfortable with.
Instead, look for a CFP® who, when looking at your portfolio, can advise on proper asset allocation based on your risk tolerance and time horizon, as well as through economic ups and downs.
4. She Doesn’t Ask About Your Financial Goals
“Your planner isn’t just there to crunch the numbers,” Vient advises. “She’s helping you make a plan for your money and your life. You should be looking for someone who has similar values to you.”Ideally, you’ll likely want to work with someone who is in a similar life stage. Are you a parent? A planner with children may be better able to understand your need to save for college. Does your CFP® have a specialty? Some planners have an area of expertise, like insurance, estate planning, divorce or retirement—a fact you might want to consider if that’s a particular need of yours.
When meeting a potential planner, remember that you’re allowed to ask questions about their experience and priorities: “Do you think it’s more important to save for retirement or pay off debt? How do you feel about supporting kids through college? How do you mitigate investment risk as your clients get older?”
The choices you make with your money are intensely personal. The person who helps you make these choices should be able to understand and accept your financial priorities, and help you use your money to meet them.
5. His Management Style Makes You Uncomfortable
Financial planners can manage your money for you or manage your money with you. As different people have different needs when it comes to money management, there is no right way to work with a planner—it’s up to you to decide how hands-on you want him to be.
When you sign on with a financial planner, there will be a written agreement of how the two of you will manage your money. Read this carefully, and ask questions if you’re unsure about anything. Are you signing your accounts over to this planner? Will he check in with you before making a trade, or when rebalancing your accounts? If you’re uncomfortable with anything in the agreement, bring it up immediately.Learn more about LearnVest Planning and our financial planners by visiting learnvest.com. To book your free consultation today, email FA_Support@learnvest.com or complete your request online.
LearnVest Planning Services is a registered investment adviser. The opinions expressed in this article are that of LearnVest Planning Services, a registered investment adviser. The advice provided may not be suitable for your individual situation and you should discuss your situation with a financial professional.
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and how is this different than Polanski?
It must take years of practice to look that smug.
Dis guy has Minetta’s Meat Missile written all over him.
Gigi Stone is definitely an underappreciated asset in the financial TV field.
tags, ftw
If you lay with dogs you’ll get fleas.
-Elin
He’s probably not “aggresssive” enough to be hired by Tullet Prebon.
So happy to see return of egg-shaped penis tag
hey maria go suck an egg!
is that a best-man-lightning bolt patch he has on his right arm?!
i mean left, i’m dyslexic
This fucking post with this pederast has been up for over 2.5 fucking hours. C’mon. The dude minds.
HOW TO SWIM LIKE LLOYD:
Practice makes perfect. Practice your stroke at home in a pool full of hundred-dollar bills.
Gigi Stone is the hottest reporter on TV. CNBC has nothing on the Bloomberg line up!
In Soviet Russia, teen girls give Jeff Epstein erotic massages.
-The Dyslexic Jokester
Gigi Stone = Hot piece of ass
It is disgusting that any of those people would interact with that man. He should be in jail. And they should all be ashamed of themselves. Most of them have children – imagine if it was their 12 year old child trafficked into his mansion so he could have his way with them. And who on earth would allow the man into the screening in the first place?? Have the film’s PR managers been living under a rock?
@17, it was all a big misunderstanding.
@17 Relax, he’s a billionaire.
Love that, “Look at me, I got off scot-free” attitude. Sure, a couple years in a separated cell, oh yeah that’s punishment alright.
How long before this piece of garbage gets hung up in it again…I keep having flashes of Gary Glitter in my head…
can someone please knuckle-sandwich this douche? enough already
robin’s egg or ostrich egg?
He looks so regal in that picture.
@17
1. Most of the girls (er “girls”) I read about seemed to have parents who didn’t seem to give a rat’s ass where they were/what they were doing.
2. see @18/19
@20
Pretty sure that pic is a year or two (or more) old.
@16 Knew her pre-TV. Saw her dressed as a pb bunny one halloween. tv does not do her justice.
@25 I’m very jealous! To think that talent was wasted on NY1
Going to a sequel premier with c-list celebrities is the new killing it…
Where are all the egg-shaped-penis-pedophile-hiding-on-private-islands clients yachts?
@6 – yeah, but when you sleep with tigers you get $$$!
Was he a good hedgie in terms of performance before the whole jailtime thing?
He looks rested and relaxed like he just stepped off the shuttle from Sodom and Gomorra
He’s wearing bonobos
His head looks unnaturally elongated in that photo.
HOW TO SWIM LIKE LLOYD:
Before the race, shock the pool with 2007 vintage CDOs. Most people find them bewildering, if not downright toxic.
Why are Asians so sneaky?
I don’t know why it never occurred to me before, but why the long face?
He’d be a pretty good match for almost any of the Noel sisters. If they were 12, that is.
@36 – That, and it would only work if they were neighbors.
silly americans, age aint nothin but a number
Jeffrey Epstein treats Shia like women.
“Taint O’ Massage” = some kind of Soviet Russian thing.
Maybe his penis was recalled?
GiGi Stone hotter than Maria ever was ( in her pre-40 year-old days )
Man, this guys has an oblong head! In any case, he’s radioactive. Everybody is just being polite. Nobody will want to do business with him again.
Oh come on. Give me a break! Aren’t there far more important things to get riled up over than some billionaire paying for escorts who openly lied about their age??? What about the millions of people who are dying in Darfur? The lack of access that 1/6th of the world’s population has to potable water in the world? Rampant disease and malnutrition effecting an enormous majority of the population, and the list goes on and on. Out of all the innumerable injustices of humanity (collectively and individually), and you pick your greatest ire on this one???? Where is your sense of proportion? There are far worse people out there, who really are effective at the wholesale slaughter of millions of innocent people…go write about them. Jeffrey Epstein is someone who has greatly supported fundamental scientific and medical research, which will not only improve millions of lives, but also save them too. Just look at what some famous scientists have said about his philanthropy in those areas, and don’t be so one-sided: http: http://www.jeffreyepsteinscience.com. I read this post, and I am one of the people he has generously helped in my research, and he has not at all influenced me to write this. His personal and private sexual needs are really are none of anyone’s business.
Fredhorenstein, You are full of *****. My finacee was one of the girls that was abused and threatened by your wonderful man Epstein. She was hired for a legitamate job and then forced and threatened into doing what he wanted or she and her family would have toruble. He used his power to destroy young women for a sick quick orgasm. Your friend Epstein has put great shame and guilt into an innocent girl that she is still dealing with daily many years later. You may be fooled into thinking this is a great man. But he is nothing but a POS. Then I think of how many other girls were destroyed by this man. I now have no respect for you or your research Fred, if you can be this easily fooled by a total waste of humanity. How could we possibly trust your judgement on anything after your letter of praise for him. Do you massage him too?