I would make sure it's fee based, not comission... - Saab General Bulletin Board - Saabnet.com
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I would make sure it's fee based, not comission...
Posted by Ken F (more from Ken F) on Wed, 5 Mar 2003 09:06:27
In Reply to: Way OT: Advice/Opinions on Financial Advisors?, Brian, Wed, 5 Mar 2003 08:30:49
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I use a schwab financial planner, who charges a percentage of assets under management. That way its in his best interest for my money to grow, and there is no payoff for getting me to buy and sell stocks all the time. There are also a lot of services that you pay a one time fee and get one or two sessions with a planner, and are then left on your own. You can also spend more money for follow-up visits if needed. Depending on what you want that might be a good way to get started without spending a lot.
Also make sure your plan includes a review of your families insurance, life, health, auto, etc. That's just as important as investments and savings.
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