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re: Financial advisor. cost

Posted on 4/18/18 at 9:15 am to
Posted by lynxcat
Member since Jan 2008
24182 posts
Posted on 4/18/18 at 9:15 am to
quote:

Depends on what level of assets they are managing for you, but 1% per year is a good starting point.



Screw that. Fee-only financial adviser is the only way to go.
Posted by juice4lsu
Member since Dec 2007
3695 posts
Posted on 4/18/18 at 10:15 am to
quote:

Fee-only financial adviser is the only way to go.


That is fee only. If the advisor is paid only on what he manages his interest are aligned with the clients. The only way the advisor grows is if the client's assets grow.
Posted by LSUcam7
FL
Member since Sep 2016
7908 posts
Posted on 4/18/18 at 10:21 am to
quote:

the only way to go


Do you also buy generic brand toilet paper?
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 4/18/18 at 11:19 am to
quote:

Fee-only financial adviser is the only way to go.


1% *is* fee-only. I assume you mean flat fee? Not sure anyone works that way, at least they didn't when I was in the industry. But it's been awhile and could be mistaken.
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