My question is how do they get paid? Do they get a salary? Is it possible they can tap into my money and say it was for this and that? Another words, I just want to know if my money will be safe with a financial advisor. Is there anyway I can tell?
2006-10-07 00:38:24 · 4 answers · asked by shirlandjerry@yahoo.com 2 in Business & Finance ➔ Personal Finance
I beg of you to check out "ric edelman" on ricedelman.com he and his web site can direct you to an adviser that is worthy of your money!! He is based in Virginia but has advisers that he recommends all over the nation.
Do yourself a HUGE favor and check him out before you grab just any adviser you find in the phone book.
Sorry to not answer your question but I just feel soooo strongly on people getting the right people for their money!!
Good Luck on a bright financial future !!
: )
2006-10-07 04:09:52 · answer #1 · answered by Kitty 6 · 0⤊ 0⤋
You need to find an independent advisor who is free. These guys get paid by the financial organisations they sell stuff for on a commission basis. If they are not independent, they only have access to a limited range of the available market.
2006-10-07 08:42:08 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Most of them get paid on a salary basis. Yes, some of them might tap into your money. You can never say whether it is safe with them. My advice to you is to manage your own money without depending on others and taking risks or if you really need a financial advisor choose someone you can trust.
E.g.:- Parents and relatives.
2006-10-07 08:11:23 · answer #3 · answered by Shehan D 1 · 0⤊ 1⤋
Some get a flat fee, some a percentage. My advise would be to interview a few advisers and see which one you are comfortable with. Ask friends for recommendations.
2006-10-07 08:21:29 · answer #4 · answered by anr 3 · 0⤊ 0⤋