2007-03-17 08:25:52 · 8 answers · asked by Gail P 2 in Business & Finance ➔ Investing
Financial advisor for what? Managing your investments and insurance coverage, raising capital for your business, selling your business, buying a business from someone else, assisting you with financial aspects of a divorce, something else?
2007-03-17 08:37:14 · answer #1 · answered by NC 7 · 1⤊ 0⤋
The other answerers have apparently had bad experiences with advisors. I can tell you that the stigma they portray is fairly inaccurate. Financial advisers/planners serve a very important role. I am just getting started in the industry myself. While it is true that most do work at least partially off commission, that does not mean that they are just out to sell you whatever. I would suggest interviewing several planners and see what they have to offer. The consultation is usually free, and you may be surprised at the ideas they have regarding your finances. There is much more to it than just IRAs and investing. Many can help with estate planning, tax planning, retirement, education, and various other areas that most people do not have the expertise to handle.
So I would suggest just getting out there, and see what different companies and advisors have to offer. I myself am working for Ameriprise. They offer free consultations, and can help you form a comprehensive plan for relatively cheap.
2007-03-17 10:44:59 · answer #2 · answered by bc_munkee 5 · 0⤊ 0⤋
Don't do it.
Go to your investment bank. They have advisors that give you advice for free or ask your accountant. If you don't have an account at an investment bank or an accountant, then chances are that you don't have enough money to justify paying for an advisor who will probably try and sell you insurance or some funds.
2007-03-17 09:38:26 · answer #3 · answered by scubalady01 5 · 0⤊ 0⤋
Only on a fee basis. You pay them to advise you. Ask if they get commision on the sale of recommendations..if they do ..don't use them..stay away from Insurance and Annuity salesmen...stock brokers will sell you out. Fidelity and Vanguard has departments to advise you on investments at no charge but you may have to have a lot of money to invest. Call them both. Their is a financial planner association, look them up and get one you are comfortable with...watch out for the sharks.
2007-03-17 08:33:16 · answer #4 · answered by gvh 3 · 0⤊ 0⤋
i might attempt to realize this and you're between the few people i might propose to discover an consultant who takes a share. It won't fee you lots in case you do not have lots to start. yet you desire to learn as much as you are able to, as early as you are able to, approximately what the clever strategies are in very own finance. a greater effective theory, to be trustworthy, is to bypass right down to Barnes and Noble and merely choosing out a retirement making plans instruction manual for beginners. while you're making plans nicely on your retirement from the very commencing up, then you certainly would be in a stunning economic situation the excellent way there. sturdy success to you! Doug
2016-10-18 22:39:28 · answer #5 · answered by Anonymous · 0⤊ 0⤋
It is extremely likely you don't need 1 if talking about investments. Very little to know if you want to invest vs speculate. Feel free to send me more clarification @ vegas_iwish@yahoo.com Building a diversified portfolio cheaply and by yourself has never been easier. Just have to act
2007-03-17 09:30:16 · answer #6 · answered by vegas_iwish 5 · 0⤊ 0⤋
hey will you be my financial advisor??
2007-03-17 08:28:02 · answer #7 · answered by Anonymous · 0⤊ 0⤋
it is free here
2007-03-20 22:58:43 · answer #8 · answered by dinu_pawar 5 · 0⤊ 0⤋