Comments on: Where to find a fee-only financial planner

By: Sandi Martin

Sandi Martin — Thu, 16 May 2013 17:01:19 +0000

Hi Mark,
Typically a commissioned salesperson will sell a particular series of mutual funds to you that allows for their compensation. A fee only planner *might* recommend the same mutual fund (although probably not), but a different series that is stripped of the commission.
Sandi

By: Mark P

Mark P — Tue, 07 May 2013 05:10:52 +0000

I see the advantages to using a fee only planner but am wondering what happens to the money that would have been paid for commission? For example if I use a commission based planner the mutual fund company would build in a commission that comes from my contribution to pay the planner… correct? But if I pay the planner directly then should I not get a higher value in whatever I purchase? Otherwise is it not like I am double paying commissions? Thanks

By: Cursos básicos de id

Cursos básicos de id — Wed, 01 May 2013 19:58:06 +0000

I'm very lucky, my Dad is a retired financial adviser so he looks after all my money for me. If it wasn't for him I would really need help, some people just arent built for numbers!

By: Dave

Dave — Tue, 30 Apr 2013 19:47:53 +0000

Nice post, excellent info.

By: Mike Stites

Mike Stites — Tue, 30 Apr 2013 17:24:05 +0000

Which one would you recommend?

By: rapid weight loss p

rapid weight loss p — Fri, 26 Apr 2013 06:46:11 +0000

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By: pmp

pmp — Tue, 23 Apr 2013 06:52:32 +0000

Yeah your right that its quite difficult to find financial planner now a days. But for us to be sure of our stuff we must need them to know how much we pay for financial advice.

By: Tim

Tim — Mon, 22 Apr 2013 19:25:59 +0000

I'm very lucky, my Dad is a retired financial adviser so he looks after all my money for me. If it wasn't for him I would really need help, some people just arent built for numbers!