Questions for those with financial advisors

I would love to meet with someone to review our finances and work on a game plan so we can accomplish all of our goals for the future. Could an advisor help me with this? Does anyone have any recommendations? I just don't want to waste time and $$ if this is unnecessary. If you have one what do they assist with?

Thanks!!

Re: Questions for those with financial advisors

Yes, an advisor can help you with this. Usually they help when you have a starting point of cash and they help you build on it. FM me if would like more info

Re: Questions for those with financial advisors

My Dad is a CFP....FM me if you'd like his info.

Re: Questions for those with financial advisors

Thanks!

Re: Questions for those with financial advisors

How much does something like this cost?

Re: Questions for those with financial advisors

Re: Questions for those with financial advisors

I use someone through Primerica. She doesn't charge us for her advice, but we do buy services from her (life insurance, prepaid legal services for example).
We've been using her for 10+ years and she has helped us reach many of our goals (mostly how to afford so I can SAH/WAH).

Re: Questions for those with financial advisors

Questions for those with financial advisors

ask your bank........sometimes they provide it for free

Re: Questions for those with financial advisors

Developing a relationship with a Financial Advisor can help you reach your financial goals. It’s important to find someone that will actually work on building a financial strategy with you rather than someone that just sells products. Financial Advisors work in different ways. Some do not charge for developing a strategy and are in turn compensated through the financial products purchased by their clients. Some charge an upfront planning fee which can range from $500.00 to thousands of dollars and are additionally compensated through the financial products purchased by their clients. Others are compensated based on the value of their clients’ accounts.

Who ever you decided to work with make sure they are licensed and that you “click” this is an important relationship that should be long term. If you have any additional questions Ill be glad to help.

Re: Questions for those with financial advisors

I've been researching this lately and this is what I've learned from various articles I have read:

1) they should be a CFP (certified financial planner). CFPs are licensed and regulated and have to take classes to maintain their certificate

2) are they acting as your fiduciary - if so, any recommendations have to be in the best interest of you, their client. if they are not acting in a fidicary capacity, the only standard they have to maintain is their recommendations are "suitable" for you, which is a lower standard

3) be cautios of financial planners who work on a fee/commission. many of the time the fee is paid from the product that they sell you, so they may not necessarily steer you in a direction that is best for you, but one where they will get the most fees from the products they sell you.

I think the best thing to do ask someone who is in a similar position as you (just starting to have kids, paying for kids to go to college, saving for retirement), see who has had a positive experience, and then meet them for yourself and see if you click.

Re: Questions for those with financial advisors

Thanks everyone!!!

Re: Questions for those with financial advisors

we work with a family friend and is very helpful he does not charge a fee to talk to him he gets paid through his company and how you invest in insurance etc. He will come to your house

http://www.chrisacheson.com/


Christopher J. Acheson
Financial Adviser
Financial Representative

516-357-1893
[email protected]

50 Charles Lindbergh Blvd., Suite 600, Uniondale, NY 11553

Message edited 1/9/2013 9:57:18 AM.

Re: Questions for those with financial advisors

My DH is a CFP and has been working with our family (his side and mine) for the past 6 years or so. He has also helped a lot of my friends from work (I'm a teacher) with their families questions, life insurance, and retirements. I'm pretty sure he doesn't charge for a consultation because he does workshops for couples. I know sometimes he goes out on the weekend to see people at their homes (unless he's really out golfing!). Not sure about costs but he works with a bunch of company's options since he has his own company. His office is in Woodbury

www.gregory-company.com