The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/as-youve-obviously-picked-up-by-ow-from-other-29884606.aspx

Subject:  Re: Any reason to keep my financial advisor? Date:  3/2/2012  2:58 PM
Author:  MajorMajor78 Number:  70268 of 75539

As you've obviously picked up by ow from other posts, Ameriprise is looking for people are either completely ignorant about costs and are willing to just hand everything over and ignore their own finances. There are a few other options out there.

1) Garrett Planning network will list financial planners near you that work on a fee only basis. Pay a one-time fee for some good advice and fund recommendations and then just worry about annual rebalancing.

2) Since you are talking about using vangaurd funds why not just go to vanguard with your accounts? They offer a financial planning service for $250 dollars for people with over $50K in assets held at vanguard and the plan is free to those with $500K or more. Vanguard's plan just covers fund recommendations though. I don't think they take a look at other assets such as real estate and the like.

If I were you I'd either pay more to an hourly advisor for a complete financial plan or use vanguard to get a better grasp on asset allocation going through retirment.
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us