Getting Help Without Getting Taken

Financial Planners:What Are Your Needs?

Posted on Tuesday, June 21, 2011

Before you beginning looking for a financila planner its a good idea to put some thought into what type of help you need, where you are and where you want to be; • Compute your net worth - If you have under $100K you may want to continue to focus on these first four steps and sav...

Financial Planners: Whats the Best Way For You to Pay?

Posted on Tuesday, June 21, 2011

Financial Planners are paid based on a variety of compensation models; • An hourly rate • A flat fee to complete a specified project • A quarterly or annual retainer fee • A fee charged as a percentage of assets that they manage on your behalf (Typically anywhere from 2.0% per year to .50%...

Financial Planners: Suggested Questions to Ask References

Posted on Tuesday, June 21, 2011

When seeking references for a financial planenr its best to find both past and current clients in life situations similar to yours. Suggested questions to ask include; • Exactly why they use this advisor and their experiences. • How often did the adviser communicate with them? • Has th...

Financial Planners: The Consultation, What to Bring and What to Ask

Posted on Tuesday, June 21, 2011

What to Bring; • Gather and organize your financial information. • A list of your current assets and liabilities • Current statements for investment accounts you have • Tax returns for the last couple of years • Your check register or a report showing typical income and expenses flowing throug...

Financial Planners: Some Tips For Avoiding Madoff-Type Fraud (checks and balances)

Posted on Tuesday, June 21, 2011

When purchasing investments, make sure you are writing checks to a third-party custodian, like Fidelity Investments Co. or Charles Schwab & Co., not to your financial adviser directly. Call the independent institution to verify it's serving your adviser, and never send checks anywhere but that f...

Financial Planners: Tips For Taking Ownership

Posted on Tuesday, June 21, 2011

The fact of the matter is that merely reading about financial matters will vastly increase your understanding and comfort level, which will in turn lead you to make smarter and proactive decisions about your money. Rather than tackling books, start with magazines, newspapers, and the Internet. Try s...

Financial Planners: Post Interview Checklist:

Posted on Tuesday, June 21, 2011

The National Association of Personal Financial Advisers (online at provides a financial advisor checklist that will help you determine whether you've found the right advisor for your needs, as follows: • Did she spend at least two hours at your initial meeting getting to know you, you...

Financial Planners: Some On-Line Resources

Posted on Tuesday, June 21, 2011

National Association of Personal Financial Advisors ( American Institute of CPAs Financial Planning Association BrokerCheck - - Financial Industry’s Regulatory Agency SEC-regulated firms – click on “Investment Adviser Search” to see “Form...

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