Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
planners, fee or asset only?
Old 03-24-2003, 05:52 PM   #1
 
Posts: n/a
planners, fee or asset only?

Looking for a fee-only financial planner, I figured it would be worth it to pay for several hours of opinion and analysis. However, every one I've found wants a % of your assets. Nobody goes with an hourly fee. Is there any way to get "professional" advice hourly? The % they want could pay for several weeks of their time.
__________________
  Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: planners, fee or asset only?
Old 03-24-2003, 07:13 PM   #2
Thinks s/he gets paid by the post
 
Join Date: Dec 2002
Posts: 3,875
Re: planners, fee or asset only?

I am sure there must be financial planners out there
who give value for their fees, whether asset based
or hourly. However, I never found even one and I looked. I have never paid out a dime for financial advice
(except for some tax questions posed to my CPA)
and consider it money well (not) spent.
__________________

__________________
MRGALT2U is offline   Reply With Quote
Re: planners, fee or asset only?
Old 03-25-2003, 07:34 AM   #3
 
Posts: n/a
Re: planners, fee or asset only?

Gerry,

I found these three websites:

http://www.napfa.org/ConsumerServices/consumer.html - National Association of Personal Financial Advisors (fee only)

http://www.garrettplanningnetwork.co...asp?tohome=yes - another Fee only website

http://www.fpanet.org/ - Financial Planning Association

I haven't used any of them, but the first two looked good for at least info on fee only advisors.

Alec
__________________
  Reply With Quote
Re: planners, fee or asset only?
Old 03-25-2003, 07:54 AM   #4
Thinks s/he gets paid by the post
 
Join Date: Dec 2002
Posts: 3,875
Re: planners, fee or asset only?

My experience with CFPs and their ilk had one
uniform result. I came away more confused than when I started. I don't need to pay for that. I can confuse myself . Too many options and too many different ideas remove your focus. . A kind of paralysis by analysis develops.
In my opinion, all the information you need is
available (for free). There are some who feel inadequate and would just rather dump the whole thing
on someone. I guess I can understand that.
__________________
MRGALT2U is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Asset Alloc - Why not use empirically derived percentages?? ScaredtoQuit FIRE and Money 29 06-01-2007 09:35 PM
Asset Allocation: Effective but not feasible? Hillbilly FIRE and Money 20 04-28-2007 11:02 PM
Asset Class investing~Armstrong mickeyd FIRE and Money 0 03-31-2007 01:38 PM
Selling Large Fee Asset Allocation ferco FIRE and Money 5 02-26-2006 01:22 PM

 

 
All times are GMT -6. The time now is 11:14 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.