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Recommendation for Fee Based Financial Planner in Baton Rouge
Posted on 6/10/13 at 9:35 pm
Posted on 6/10/13 at 9:35 pm
My wife and I want to give my nephew and his wife a few sessions with a fee-based financial planner for a wedding gift. I am hoping some of you MT gurus can answer a few questions. First, how much should I expect to spend and how many sessions would constitute a decent gift? The idea is really just to get my nephew thinking about his finances; something he does unbelievably poor. Second, does anyone have any recommendations of a person or group I could give a call to set this up? This would be in Baton Rouge and surrounding areas.
As Always Thank You for The Help
As Always Thank You for The Help
4
Posted on 6/11/13 at 9:04 am to ragacamps
I wouldn't spend much because I doubt he'd ever attend
Posted on 6/11/13 at 9:05 am to ragacamps
As far as compensation goes, it varies across the board.
Here is a link to the CFP's in your area that require $0-$99,999 account minimum, and are fee only. I haven't ever seen anyone meet to just give an education lesson, but maybe the will charge by the hour and you can get them 2-3 hours.
LINK
Call them and just tell them what your trying to do they should be able to help you out, if nothing else they could put you in the right direction.
Here is a link to the CFP's in your area that require $0-$99,999 account minimum, and are fee only. I haven't ever seen anyone meet to just give an education lesson, but maybe the will charge by the hour and you can get them 2-3 hours.
LINK
Call them and just tell them what your trying to do they should be able to help you out, if nothing else they could put you in the right direction.
Posted on 6/11/13 at 9:23 am to ragacamps
Before spending $95-300/hour on a fee only financial advisor, I'd send them to an FPU Class. (I know, it's Dave Ramsey, blah blah blah) but it's a great place for a young couple to start. They'll get on the same financial page ( so important for couples early on) and they'll get a good core/basic financial education that can easily be built on as they get older. It will serve them well when they become serious about investing.
Just my 2 cents.
Just my 2 cents.
Posted on 6/11/13 at 9:41 am to Vols&Shaft83
I agree. I charge $100 an hour and I think I'm on the cheap side.
Posted on 6/11/13 at 10:07 am to Broke
quote:
I agree. I charge $100 an hour and I think I'm on the cheap side.
You are, when I meet with my guy, I try to coordinate a meeting with my accountant at the same time. In 2012, i spent about $1200 between the 2 advisors, but they saved me about $11,000 in taxes. There's no point in meeting with a Fee only advisor until you have substantial assets, imo.
Posted on 6/11/13 at 5:57 pm to ragacamps
Here's my advice for free:
SPEND LESS THAN YOU EARN!
Foolproof.
SPEND LESS THAN YOU EARN!
Foolproof.
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