What sort of financial advisor are you looking for? I know a bit about the topic but it depends on your needs. Are you looking to clear up debt? Invest? Retirement planning? Make sure you don't accidentally hire someone who gets commission. Those "advisors" get paid to push products that you may not want.
Hi Adam, I'm looking for investments and retirement planning advice. I am looking to avoid hiring someone to take a commission, but it seems like those people don't really exist...
There are many types of firms that will help with financial planning, with a variety levels of experience, hands on, and fees. The general rule for the fees is they will be a percentage of your "holdings under management", and that percentage gets smaller the more money you have with them. Here's one that is unusually transparent with their fee structure: (I haven't used Valeo, but a friend recommends them)
Thanks Patrick, this indeed is refreshing. If someone were to make a lot of money on my behalf I would want them to get paid for their work, I just don't like the conflicting incentives for the advice.
My brother is a financial planner; he’d be happy to talk with you (and has done an excellent job for us). Mike Meggyesy at DA Davidson: [email protected].
I heard that podcast too. I'm definitely a fan of the Vanguard Retirement funds, which try to target the right level of risk depending on your age. So simple and the fees are tiny. Of course, a fund won't really help you clean up debt or structure the rest of your financial needs...
I am always available to talk if you want to get a perspective on what is out there - vast array of people who call themselves financial advisers with different value prop (from insurance to planning to asset management, etc) with different fee structures.