Comments on: What are you charged for financial planning or investment advice?

By: trisha.felbrook

trisha.felbrook — Sat, 15 Nov 2008 03:34:12 +0000

I think it depends on your exact situation I found my financial consultant at.

By: spitfiredd

spitfiredd — Fri, 14 Nov 2008 12:46:16 +0000

I would prefer either to pay an hourly rate for thier advise or have them get paid through commission. I work as an analyst and I am a CFA candidate so I do all the homework on my own. I use scottrade do to all my investment transactions.

I don’t use a financial advisor myself, however if I did the last thing I would want is some jerk charging me for AUM. To me that seems like the least ethical way.

By: MarketStock

MarketStock — Tue, 11 Nov 2008 21:02:39 +0000

I pay nothing for advice and just use etrade for making any trades

By: Chwalek

Chwalek — Tue, 11 Nov 2008 14:22:38 +0000

Many financial advisors will offer free consultations in the hope that you will decide to purchase investmenst products from them.

Although there are many commission-based advsiors who are excellent, there is a growing belief that using a fee-based advisor tends to eliminate any potential conflicts of interest. If an advisor charges a fee- either hourly or based on assets managed (i.e. 1% per year)- then there is no incentive to him to put you in high-commission products for his own gain. There should be no commissions with a fee-based advisor.

By: keral

keral — Sat, 08 Nov 2008 18:32:56 +0000

I am financial cunsultant and mutual fund distributor. i give advice free of cost and i can get low commission, if any one will invest in Mutual funds . i do it as social service