Don't choose one that makes a commission off of your investments. Choose one that charges by the time spent with you. If you choose one that gets commissions off your investments, they aren't going to give you honest advice, because they'll want you to invest in their stuff.
If you do go with a commission based person though, Edward Jones does a good job.
Better yet, buy some books on financial planning and do it yourself. You're the only person you can truly trust with your money.
it kind of sucks that people think that any advisor who makes a commission is only out for themselves, it just isnt that way , i am sure there are ones like that out there, but if you ask around a bit, or go to a well known company you can find ones that look out for you
also, just looking at a brokers car to see wont show you anything other than the fact that they blow their money on expensive cars, i would almost think that is worse than someone who is conservative with their own money
i would rather my advisor drive a nice little buick than to show up in a ferrari
Well, for one thing, I would never choose a guy who had the title of "broker" to watch my money. (For all I know, he may be "broker" than me!!)
I would do my research first, and then ask an advisor on his opinions. But I would check out his lifestyle (car, etc) to make sure he know's how to make money.
There are tests and designations, beneficial. yet this is the easy section. the toughest section approximately being a financial consultant is succeeding at it. in easy terms approximately 20% of the individuals who initiate out in the employer easily make it. You quite lots could initiate from scratch, and get 1000's of wealthy human beings to have faith you with their existence mark downs. and you are not getting lots help, if any. you're quite lots on your very own.
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Don't choose one that makes a commission off of your investments. Choose one that charges by the time spent with you. If you choose one that gets commissions off your investments, they aren't going to give you honest advice, because they'll want you to invest in their stuff.
If you do go with a commission based person though, Edward Jones does a good job.
Better yet, buy some books on financial planning and do it yourself. You're the only person you can truly trust with your money.
it kind of sucks that people think that any advisor who makes a commission is only out for themselves, it just isnt that way , i am sure there are ones like that out there, but if you ask around a bit, or go to a well known company you can find ones that look out for you
also, just looking at a brokers car to see wont show you anything other than the fact that they blow their money on expensive cars, i would almost think that is worse than someone who is conservative with their own money
i would rather my advisor drive a nice little buick than to show up in a ferrari
Well, for one thing, I would never choose a guy who had the title of "broker" to watch my money. (For all I know, he may be "broker" than me!!)
I would do my research first, and then ask an advisor on his opinions. But I would check out his lifestyle (car, etc) to make sure he know's how to make money.
There are tests and designations, beneficial. yet this is the easy section. the toughest section approximately being a financial consultant is succeeding at it. in easy terms approximately 20% of the individuals who initiate out in the employer easily make it. You quite lots could initiate from scratch, and get 1000's of wealthy human beings to have faith you with their existence mark downs. and you are not getting lots help, if any. you're quite lots on your very own.
Go to the bank that you deal with. Talk to their financial planner. He or she will offer advice as to your varied options, costs, goals,etc.
Check the credentials
Ask lots of questions especially on fees that could put a crimp on your earnings
go to http://ibooyah.com/ and click on any of the links there to the financial advisors firms. They should be able to help you.
For the most part, ask them alot of questions.. make sure that they are the right fit for your needs.
Here are a couple of guidelines to help you qualify FA's:
http://www.cfp.net/learn/knowledgebase.asp?id=6
http://www.womeninconsulting.org/consultants/artic...
Do you have less than $1,000,000.00 USD?
If No:
Hire a Private Banker.
If Yes:
Do you have less than $100,000.00 USD?