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Hiring a financial adviser............Updated
Posted on 11/27/12 at 1:39 pm
Posted on 11/27/12 at 1:39 pm
Does anyone have good tips on doing this? My wife's employer is offering a fixed amount to their employees to hire someone to do this. I have a couple recommendations...do most work on a fee or commission basis? I feel like a cheapo if I just come out and ask, but don't feel like I would interested currently if I had to come out of pocket for a significant amount.
This post was edited on 12/6/12 at 11:01 pm
Posted on 11/27/12 at 1:42 pm to TJG210
quote:
do most work on a fee or commission basis?
Depends on the financial advisor.
quote:
I feel like a cheapo if I just come out and ask
If one of your first 3 questions isn't asking about how he gets paid, you are doing your hiring wrong.
quote:
but don't feel like I would interested currently if I had to come out of pocket for a significant amount.
I thought the employer is paying this fee. If the advisors fee is higher than that, tell the advisor that is what the employer is paying and see if they accept.
Also, who is managing the investment options? Would the advisor be doing that also? This is sorta weird.
Posted on 11/28/12 at 7:48 am to TJG210
quote:
good tips?
Just ask. When our prospective clients ask how we get paid, we answer them directly by giving them a full explanation. We are very comfortable letting others know we become wealthy: we make our clients wealthier.
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