What helped you firm up your decision on a per hour advisor?I'm not Donna405, but what drove me to seek a FEE-ONLY Financial Advisor is their pledge of a fiduciary responsibility to their clients. They get no commission, fee, kickback, etc., from anyone for their advice, only the fee they charge you. It relieves them of any conflict of interests.Regarding his card counting ban, using a technique that is banned to improve his performance/gains speaks volumes to me about what he could/might do with any funds under his control. If he cheats at a casino, where else might he cheat (with your money) & lose. Think (Bernie Madoff, Tom Petters, Samuel Israel, Richard Whitney and countless others absconding with their clients money in some scam (Ponzi) or another. Surprised these haven't been mentioned yet: There are two good sources for locating a Fee-ONLY Financial Advisor:http://garrettplanningnetwork.com/http://garrettplanningnetwork.com/find-by-state/?state=WI (ask if they offer a Motley Fool Discount, some used to).http://www.fiscalfitnessmadison.com/forms.html There are some forms here that may help you in your choices and risk profile. I encourage you to look through them whether you use fee-only or not. The Advisor Questionnaire has good questions to ask ANY financial planner.http://www.napfa.org/http://findanadvisor.napfa.org/Home.aspx/Search (type in your location/zipcode)A Newsweek article on investment scandals quote: "The financial system is not based on trust," NYU's Wright says. "Banks don't trust you—that's why they take collateral. You don't trust the bank—that's why we have the FDIC."Disclosure, I have no associations with Garrett or NAPFA aside from using a Garrett planner in Q1 2009 in another (west coast) state.
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