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Posted on 6/7/23 at 3:21 pm
Posted on 6/7/23 at 3:21 pm
This post was edited on 10/18/23 at 10:35 am
Posted on 6/8/23 at 9:10 am to DrCarlWeiss
This post was edited on 6/8/23 at 2:17 pm
Posted on 6/8/23 at 9:39 am to spaceranger
(no message)
This post was edited on 10/18/23 at 10:36 am
Posted on 6/8/23 at 9:55 am to DrCarlWeiss
I'm in the industry. Not going to rep myself on the board, but here's what I recommend:
- Interview a few different folks
- Look for a CFP® as they are a fiduciary and knowledgeable
- Consider working with a team or group, that way if your "guy" croaks or is out of office you have backup
- Look at some independent firms (LPL and Cetera are the largest ones but plenty of others), you'll likely have lower costs and a broader toolbox. The big wire houses/broker dealers will always push certain products or funds likely at higher expense ratios.
- Don't be totally fixated on "fee only." Fee only will restrict someone from accessing every tool in the toolbox. "Fee based" is more important. The difference is they can still access commission based products if it is the best fit.
- Interview a few different folks
- Look for a CFP® as they are a fiduciary and knowledgeable
- Consider working with a team or group, that way if your "guy" croaks or is out of office you have backup
- Look at some independent firms (LPL and Cetera are the largest ones but plenty of others), you'll likely have lower costs and a broader toolbox. The big wire houses/broker dealers will always push certain products or funds likely at higher expense ratios.
- Don't be totally fixated on "fee only." Fee only will restrict someone from accessing every tool in the toolbox. "Fee based" is more important. The difference is they can still access commission based products if it is the best fit.
Posted on 6/8/23 at 11:51 am to juice4lsu
(no message)
This post was edited on 10/18/23 at 10:35 am
Posted on 6/8/23 at 11:56 am to spaceranger
Ameriprise is 1.25% unless they have over a million to get it to 1%
Posted on 6/8/23 at 11:58 am to Tigerholic
quote:
Ameriprise is 1.25% unless they have over a million to get it to 1%
That is high.
You really want a fee-based over a fee-only.
Posted on 6/8/23 at 1:55 pm to DrCarlWeiss
Red River Bank investments.
Doesn’t cost you a dime to have a sit-down discussion and map out a financial plan.
Doesn’t cost you a dime to have a sit-down discussion and map out a financial plan.
Posted on 6/8/23 at 2:39 pm to DrCarlWeiss
You want to look for someone that specializes in Retirement Income Planning. Most Finacial Planners are great at accumulating and not so great at distributing.
Posted on 6/8/23 at 7:12 pm to La Place Mike
(no message)
This post was edited on 10/18/23 at 10:34 am
Posted on 6/8/23 at 9:14 pm to DrCarlWeiss
Gulf South Wealth Advisors
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