http://gotoretirement.com/2009/03/finding-the-right-financial-planner/?utm_source=rss&utm_medium=rss&utm_campaign=finding-the-right-financial-planner A Baby Boomer's Journey from Retirement Planning to Retirement Living Mon, 21 May 2012 17:39:02 +0000 hourly 1 http://wordpress.org/?v=3.3.2 http://gotoretirement.com/2009/03/finding-the-right-financial-planner/comment-page-1/#comment-935 Mike Chamberlain CFP(r) Wed, 22 Apr 2009 16:34:23 +0000 http://gotoretirement.com/?p=1872#comment-935 Great info for the consumer!!! People have 4 options when it comes investing. Manage their investemnts on their own, get periodic help from a professional on as an needed basis, work with an advisor on a ongoing basis (retainer) or turn it over and have it managed (usually on a % basis). I compare thiese options to having kids and the need for baby sitting. For most people, periodic, as needed help is the most appropriate and the most cost effective. Full time care is unneeded and costly and no help can drive you nuts. On a technical point, when advisors manage money for a percentage of the assets, this is fee-only. A fair number of NAPFA members do manage assets for a %. I agree that this is not needed for the vast majority of people. As a disclaimer, I am a CFP(r), member of Garrett Planning Network, NAPFA and FPA and a Registered investment Advisor in Ca. Great info for the consumer!!!
People have 4 options when it comes investing.
Manage their investemnts on their own, get periodic help from a professional on as an needed basis, work with an advisor on a ongoing basis (retainer) or turn it over and have it managed (usually on a % basis).
I compare thiese options to having kids and the need for baby sitting. For most people, periodic, as needed help is the most appropriate and the most cost effective. Full time care is unneeded and costly and no help can drive you nuts.
On a technical point, when advisors manage money for a percentage of the assets, this is fee-only. A fair number of NAPFA members do manage assets for a %. I agree that this is not needed for the vast majority of people.
As a disclaimer, I am a CFP(r), member of Garrett Planning Network, NAPFA and FPA and a Registered investment Advisor in Ca.

]]> http://gotoretirement.com/2009/03/finding-the-right-financial-planner/comment-page-1/#comment-644 TStrump Tue, 17 Mar 2009 04:22:12 +0000 http://gotoretirement.com/?p=1872#comment-644 A fee-only FP is definitely the way to go. You just can't trust that someone will be unbiased if large commissions are dangled in front of them. A fee-only FP is definitely the way to go.
You just can’t trust that someone will be unbiased if large commissions are dangled in front of them.

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