Quote:
Originally Posted by Pete Geither
Anyone know what a financial advisor/investor might be getting for watching over your money ? I guess it might make a difference on how much you have to invest,,, but any averages ?
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You can go with a commission-based or fee only finanical planner.
In my opinion it is a conflict of interest to go with an advisor who earns a commission based on the products they sell you. Commission-based planners are paid by the companies whose products they sell, which to me is a problem of loyalty.
Use a fee only planner, where they charge you a flat fee, regardless of whose company's products they sell. This way, they can look out for your best interests without being swayed by commissions. However, some "fee-only" planners do sell products that pay a commission.