2006-10-17 07:50:55 · 10 answers · asked by G 2 in Business & Finance ➔ Investing
Gee - I need a couch. Bet I could learn how to build a couch so I dont have to pay 200% furniture mark up!!!!
I am a Certified Financial Planner(tm), I have an undergraduate degree in Financial & Estate Planning and I spent 2 years earning a Certified Financial Planner(tm) certification so please dont tell me you can learn in an hour. Between my financial planing license, securites license, real estate license, and tax preparation license I am required to have close to 70 hours continuing education credits each year. To top it off the annual costs for these licenses, cost of bonding and errors & omission is around $6000 per year just to cover my butt incase you decide to sue me. So does it cost to go and see a Financial Planner, damn right and in most cases it is worth 100%.
Most planners give you a free appointment and they will discuss with you what you need and how much it will be. Go to the Certified Financial Planning website and they will give you a couple of planners in your area.
2006-10-17 10:44:19 · answer #1 · answered by Jennifer G 2 · 0⤊ 0⤋
It all depends. Usually the fee will have everything to do withhow much money(yours) that he/she has to work on to plan and invest.
Usually, they are already set up as to guarranteed options such as blue chip stocks,govt bonds, mortgage funds and all they have to do is simply include you.
Ok, so basically , it will be like this.
From how much money you have to work with, 1. her fixed fees 2. comission on your projected or actual income.
Lots of people manage their own finances. Find a friend who uses a planner and another who does his own. Then decide for yourself after listening to both sides.
2006-10-17 08:02:29 · answer #2 · answered by QuiteNewHere 7 · 0⤊ 0⤋
they are not expensive at all. if you want to invest money with someone or go into a 401k or retirement plan there are agents that will help you do that and they get commissions from the investments their company sells you. you do not actually write them a check. a good 401k is great financial tool for younger people. it is pretax dollars and builds quickly. if you can payroll deduct it even better. you will never miss the money.
2006-10-17 07:58:58 · answer #3 · answered by SKYDOGSLIM 6 · 0⤊ 0⤋
Most company will send you any a planner for FREE because IF you decide to use their company they will profit from the investment you choose every month.
2006-10-17 07:57:18 · answer #4 · answered by Lovely B 3 · 0⤊ 0⤋
1 to 3 percentage of your portfolio size.
2006-10-18 01:13:12 · answer #5 · answered by aramaiya 3 · 0⤊ 0⤋
It depends.
What does a CPA cost?
Some charge for advice.
Some charge for investment management.
Some charge for both.
2006-10-17 11:29:15 · answer #6 · answered by derek 4 · 0⤊ 0⤋
From a thousand on up! I'd not consider one at this point.
2006-10-17 07:58:43 · answer #7 · answered by luckistrike 6 · 0⤊ 0⤋
Anyone good enough to make you money is making their own instead. DONT PAY ONE, research and invest yourself!!!!!!!!
2006-10-17 07:55:47 · answer #8 · answered by Sawcutting Shogun 3 · 0⤊ 0⤋
Too much. There is NOTHING they can do that you can't learn in an hour!
2006-10-17 07:56:51 · answer #9 · answered by Anonymous · 0⤊ 1⤋
depends on where you go to get one.
2006-10-17 08:00:03 · answer #10 · answered by IRIS C 2 · 0⤊ 0⤋