Skip to main content
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.

BruceM
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.