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No. of Recommendations: 1
Where I hear 'Financial Advisor', my immediate thought is a commissioned salesman. Does your AA involve proprietary or load funds or insurance products? Are you paying a % of assets under management? Both? What are the credentials of your FA?

There is nothing wrong with a Financial Planner who is paid as a % of AUM or better, as an hourly rate, who holds the CPA/PFS or CFP or CFA designation (they have fundamental training), and who offers your investment plan as part of your comprehensive financial planning need (did your FA do a review of your current insurance policies?). The only correct way to offer investment advice is within the context of the whole person/couple.

Your concern is the reason why I switched to a pure income approach. I'm not saying this would work for you and your needs...but it has for us.

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