Comments on: What to Expect When Working With a Financial Planner http://www.mydollarplan.com/what-to-expect-when-working-with-a-financial-planner/ because money doesn't grow on trees Thu, 09 Feb 2012 19:16:13 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Apple Plans Small iPhone, Free Backup Service (AAPL) « Unique iPhone cases http://www.mydollarplan.com/what-to-expect-when-working-with-a-financial-planner/#comment-74794 Apple Plans Small iPhone, Free Backup Service (AAPL) « Unique iPhone cases Mon, 14 Feb 2011 01:54:53 +0000 http://www.mydollarplan.com/?p=986#comment-74794 [...] Trump Muhammad Ali Paul McCartney George Lucas LikeBe the first to like this [...]

[...] Trump Muhammad Ali Paul McCartney George Lucas LikeBe the first to like this [...]

]]> By: Roger Wohlner http://www.mydollarplan.com/what-to-expect-when-working-with-a-financial-planner/#comment-9923 Roger Wohlner Mon, 30 Nov 2009 03:03:53 +0000 http://www.mydollarplan.com/?p=986#comment-9923 Great post until the end. What I think you meant to say was to hire a Fee-Only financial planner. Coincidently my current post is about Fee-Only vs. Fee-Based. Your post is just another example about how knowledgeable people are often confused by these terms. Fee-Based generally means a plan for a fee with implementation via the sale of commissioned financial products or the use of an expensive investment wrap program. In addition to your link to the Garret network which I agree is a great organization, you might also suggest that your readers check out www.napfa.org the website of NAPFA the largest Fee-Only professional organization in the country. One other comment, there is nothing wrong with advice based on a percentage of assets if that is in the client's best interest, consumers do need to understand exactly what they are paying for and the basis for that fee. Good luck with your studying for the CFP® exam. It was the toughest exam that I have ever taken, I strongly suggest a good review class for the final exam. Great post until the end. What I think you meant to say was to hire a Fee-Only financial planner. Coincidently my current post is about Fee-Only vs. Fee-Based. Your post is just another example about how knowledgeable people are often confused by these terms. Fee-Based generally means a plan for a fee with implementation via the sale of commissioned financial products or the use of an expensive investment wrap program.

In addition to your link to the Garret network which I agree is a great organization, you might also suggest that your readers check out http://www.napfa.org the website of NAPFA the largest Fee-Only professional organization in the country.

One other comment, there is nothing wrong with advice based on a percentage of assets if that is in the client’s best interest, consumers do need to understand exactly what they are paying for and the basis for that fee.

Good luck with your studying for the CFP® exam. It was the toughest exam that I have ever taken, I strongly suggest a good review class for the final exam.

]]> By: Weekly Roundup – Cinnamon Bear Edition | fivecentnickel.com http://www.mydollarplan.com/what-to-expect-when-working-with-a-financial-planner/#comment-9921 Weekly Roundup – Cinnamon Bear Edition | fivecentnickel.com Mon, 30 Nov 2009 02:04:22 +0000 http://www.mydollarplan.com/?p=986#comment-9921 [...] What to Expect When Working With a Financial Planner [...]

[...] What to Expect When Working With a Financial Planner [...]

]]> By: Money Wisdom: 10 Ways to Be Wise With Your Personal Finances | My Super-Charged Life http://www.mydollarplan.com/what-to-expect-when-working-with-a-financial-planner/#comment-9896 Money Wisdom: 10 Ways to Be Wise With Your Personal Finances | My Super-Charged Life Wed, 25 Nov 2009 12:01:30 +0000 http://www.mydollarplan.com/?p=986#comment-9896 [...] Don’t do what you’ve always done financially and expect different results.  Get some qualified guidance.  My Dollar Plan explains What to Expect When Working With a Financial Planner. [...]

[...] Don’t do what you’ve always done financially and expect different results.  Get some qualified guidance.  My Dollar Plan explains What to Expect When Working With a Financial Planner. [...]

]]> By: Carnival of Money Stories: Great Questions edition | Mighty Bargain Hunter http://www.mydollarplan.com/what-to-expect-when-working-with-a-financial-planner/#comment-9874 Carnival of Money Stories: Great Questions edition | Mighty Bargain Hunter Mon, 23 Nov 2009 08:04:57 +0000 http://www.mydollarplan.com/?p=986#comment-9874 [...] My Dollar Plan tells us what to expect when talking to a financial planner. [...]

[...] My Dollar Plan tells us what to expect when talking to a financial planner. [...]

]]> By: kenyantykoon http://www.mydollarplan.com/what-to-expect-when-working-with-a-financial-planner/#comment-9835 kenyantykoon Tue, 17 Nov 2009 06:45:35 +0000 http://www.mydollarplan.com/?p=986#comment-9835 @ Andrew @ Earn Give Save i am no expert here but i think that you should get a manager when you feel that you dont have enough time and the necessary skills required to manage the portfolio on your own. But you must be weary of managers or advisers because most look out for number one and not to get you the highest returns fro your investments @ Andrew @ Earn Give Save i am no expert here but i think that you should get a manager when you feel that you dont have enough time and the necessary skills required to manage the portfolio on your own. But you must be weary of managers or advisers because most look out for number one and not to get you the highest returns fro your investments

]]> By: Andrew @ Earn Give Save http://www.mydollarplan.com/what-to-expect-when-working-with-a-financial-planner/#comment-9834 Andrew @ Earn Give Save Tue, 17 Nov 2009 02:11:44 +0000 http://www.mydollarplan.com/?p=986#comment-9834 My wife and I were just talking about financial planners recently—at what threshold do you think you need someone to manage your investments? My wife and I were just talking about financial planners recently—at what threshold do you think you need someone to manage your investments?

]]> By: kenyantykoon http://www.mydollarplan.com/what-to-expect-when-working-with-a-financial-planner/#comment-9833 kenyantykoon Mon, 16 Nov 2009 19:15:28 +0000 http://www.mydollarplan.com/?p=986#comment-9833 strangely enough, i am currently reading a finance book and i just finished the part about how to deal with all the types of financial planners from how to measure their competence and who to pick their brains on their strategies and so many other things. The book is benjamin graham's the intelligent investor. It really helped me and i think that it would help any person seriously looking for advice in this touchy area (since everybody fancies themselves a finance guru at a certain point in their lives) strangely enough, i am currently reading a finance book and i just finished the part about how to deal with all the types of financial planners from how to measure their competence and who to pick their brains on their strategies and so many other things. The book is benjamin graham’s the intelligent investor. It really helped me and i think that it would help any person seriously looking for advice in this touchy area (since everybody fancies themselves a finance guru at a certain point in their lives)

]]> By: Rakso http://www.mydollarplan.com/what-to-expect-when-working-with-a-financial-planner/#comment-9832 Rakso Mon, 16 Nov 2009 16:48:49 +0000 http://www.mydollarplan.com/?p=986#comment-9832 What a timely article. My wife and I are in the early stages of looking for a fee-based financial planner. Thanks for the info! What a timely article. My wife and I are in the early stages of looking for a fee-based financial planner. Thanks for the info!

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