2006-08-24 07:48:48 · 3 answers · asked by elorac 1 in Business & Finance ➔ Personal Finance
It can be a few hundred an hour, easy. Most people do not need a financial planner and many financial planners are scammers. Be very careful who you go with and only work with someone who is fee based. You would be much better served to open an account at Vanguard and get free advice from their staff.
2006-08-24 07:52:32 · answer #1 · answered by personal_finance_101 3 · 0⤊ 0⤋
Seems like I saw this stat somewhere: Only one in twenty financial planners can beat a good index fund.
For that reason, I've put most of my investments in a couple of index funds. The fees are less than one-half of one percent per year, which I'll bet is much less thanany financial planner will charge!
2006-08-24 18:35:50 · answer #2 · answered by Larry L 3 · 0⤊ 0⤋
Contact Smith Barney or Morgan Stanley and go through them. The big companies are more scrupulous about what they'll sell to you and they'll be more likely to give you advice that benefits you. I've found the small shops usually have too much riding on each transaction to ensure that you're getting solid advice.
2006-08-24 07:57:45 · answer #3 · answered by Mourning Peanut 1 · 0⤊ 0⤋