Thread: What percentage should a financial advisor get ?
View Single Post
  #5  
Old 01-18-2007, 11:55 AM
suginami suginami is offline
Moderator
  
Join Date: Dec 2001
Location: Southern California, U.S.A.
Posts: 8,538
I had a CFP, Certified Financial Planner, do a financial plan for me, and it was somewhere in the neighborhood of $3,000.00.

They also had an option where they would manage my investments for a fee, based an a percentage, but I don't remember what it was.

I'm a big believer in indexing, so I don't need active management in my investment account. I just determine my asset allocation, and divide my money into the determined percentage of index stock funds, index bond funds, and money market funds. As I get older and closer to retirment, I increase the percentage of my money into bond funds, so that as I reach retirement age, I will have roughly 50% of my money into bond funds.
__________________
Paul S.

2001 E430, Bourdeaux Red, Oyster interior.
79,200 miles.

1973 280SE 4.5, 170,000 miles. 568 Signal Red, Black MB Tex. "The Red Baron".
Reply With Quote