Comments on: Financial Advisor Fees — How They Really Work

By: Fort Wayne Real Estate

Fort Wayne Real Estate — Thu, 19 Aug 2010 20:29:36 +0000

I honestly had no idea that there were different types of financial advisers. I’m going to have to look even more into this. Thank you for sparking my interest and for providing this great information.

By: Arlington VA Real Estate

Arlington VA Real Estate — Wed, 18 Aug 2010 20:09:57 +0000

“If you don’t know how you are being charged, ask. Fees could be hidden…” So true! My parents almost got scammed out of their retirement plan before my grandfather got wise and took a step forward to check it out.

By: Gab

Gab — Tue, 16 Mar 2010 04:38:04 +0000

It’s a great move to ask for the help of financial advisor. Financial advisor knows more about business dealings than you so you can be sure that they handle financial issues.

By: Forex Robots

Forex Robots — Fri, 05 Mar 2010 21:05:42 +0000

What i dislike is when financial advisors charge upfront fees, round turn fees in combination with a lot of hidden fees where you even do not know about because information about is on page 176 from the contract.

I would be for more transparency and success based fees like high water mark and bonus fees when the financial advisor to a great job.

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