Comments on: Financial Advisor Fees — How They Really Work

By: financial adviser

financial adviser — Tue, 01 Dec 2009 18:34:47 +0000

Investment Advisors Representative are held to a fiduciary standard. A Financial Advisor held to a Fiduciary Standard occupies a position of special trust and confidence when working with a client. As a fiduciary, they are required to act with undivided loyalty to clients. This includes disclosure of how to be compensated and any corresponding conflicts of interest. This is something that we all should look for.

By: Honest Debt Settlement

Honest Debt Settlement — Wed, 05 Aug 2009 23:25:47 +0000

Yes, this is one of the most important things to look at when selecting a financial adviser. I agree to an extent with OC Financier. The overall goal would be to make money. Sometimes it is a better deal to go with a adviser with a little higher fee, if the adviser, has the track record to justify it. Overall what really matters is what you net after the fees. What good is having an adviser that charges you a very low fee but under his advisement your portfolio only returns half of what a more experienced adviser may bring in that charges just a little more.

The main thing is for the adviser to fully disclose all avenues of his compensation. If they are shady about that or try to gloss over that, you would have to ask yourself, what else might they be shady on if you become a client. Having a trustworthy adviser is key when they are controlling your families financial future

By: CommonCents

CommonCents — Fri, 31 Jul 2009 21:06:57 +0000

Seven Steps to finding a Good Broker!

1) Just ask for full disclodure of all fees and services to be rendered for the fees in writing
2) Evaluate and compare the track record of Broker.
3) Evaluate your intuition about the broker.
4) Check http://www.nasd.com (Finra.org) under “brokercheck” to evaluate the broker’s work experience and see whether the broker has any disclosures on their record that concern you. (Disclosure = red flags)
5) Interview the broker - remember you are now his employer.
6) Take the best combination of experience, education, and trustworthiness under consideration.
7) Take one step at a time.
(Don’t turn over all your millions in year one) Give him a 50K CD to work with and let him move up the ladder of trust over the years.

CommonCents

By: cheap@web hosting

cheap@web hosting — Sat, 04 Jul 2009 10:53:06 +0000

Some funds have a load fee and the annual fee. If the fund does well over the years the fee does not bother me as much. I am willing to pay the up front cost if they have a consistent record of earnings that is better than other funds. Sometimes you do get what you pay for and if you buy a mutual fund you are paying for them to buy and sell stocks to earn you money.

By: Best etf funds list

Best etf funds list — Tue, 16 Jun 2009 04:52:07 +0000

Most mutual funds and even etfs charge maintence fees. Etfs are lower cost and some closed end funds have low cost. They get set percent every year no matter what the fund does so everyone should look for the fees and how the fund has done for last 5 and 10 years. Best etf funds lists last blog post..Bond etf.

By: Mutual Funds with No Load

Mutual Funds with No Load — Wed, 20 May 2009 15:46:54 +0000

What’s brutal is when two types of fees are combined. My friend is nearing retirement and has a financial advisor at UBS. He is going mainly into bonds and the advisor wanted .5% a year to manage his account putting it into bonds funds (which tend to be simple and have lower returns in the long run than equity). Yes, the bond funds also had loads.

Mutual Funds with No Loads last blog post..The best of the top no load mutual funds

By: MZ Capital

MZ Capital — Wed, 15 Apr 2009 15:14:37 +0000

When retaining a financial advisor, particularly one from the big banks and brokerage houses, be very mindful of their hidden fees. Here are two cautionary tales:

http://investmentscientist.com/2009/04/08/staggering-cost-of-conflicts-of-interest/

http://investmentscientist.com/2009/02/26/david-swensen-on-fee/

By: OC Financier

OC Financier — Wed, 15 Apr 2009 03:53:48 +0000

I’m an advisor. I pulled my clients out of the market to cash in July of 07. We have also made short moves and made profits. My spread above the S&P has been as high as 60% recently.

So if you have a $300,000 IRA and you lost half of it in the market because you thought your professional was making too much, then how much did it cost you in your Vanguard mutual funds?

The idea is not to worry about fees. It is to seek quality, in a proven audited track record advisor and expect his performance to generate a profitable situation. If not get one that does this for his clients in a proven way over the long term.

If not, I’d start reading some books about the markets, economics, trading, and as much data you can get your hands on. Otherwise your true cost in the market will be even more than outlined above.

By: Lokes

Lokes — Sat, 25 Oct 2008 00:14:18 +0000

I idea of seeking advice of financial advisor is very personal. For some people, dealing with financial issues is unpleasant. For these people, the real question will be how to choose the right advisor, rather than whether or not to work with. Forex Income