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recommendations for financial advisers who don't charge 1-1.5 % (bay area)
2011 Dec 9, 10:10am 4,544 views 7 comments
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permanent_marker
@
2011 Dec 12, 3:01am
thanks for the pointers:
1) as per doing it my 'own'... I simply do not have the time or expertise to research mutual-funds ..etc. I'd rather rely on some body who does this for a living. Just like I wouldn't want to self-diagnose my illness, I'd rather go to a doctor!
2) I am willing to pay for this service / advice. But I want to make sure I am getting an un-varnished advice that is not influenced by commissions
thanks
msilenus
@
2011 Dec 12, 6:58am
Oh, for the love of Christ. Investing is not brain surgery. If you want to beat the britches off market, sure --that's hard. But, as a rule of thumb: no one offering to do that for you is capable of delivering, except through dumb luck.
Matching the market is not just doable without the financial equivalent of an M.D. --it's really goddamned easy.
I recommend the following fee-based financial advice on how to do that with relative safety. It's only 88 pages, and it makes house calls:
http://www.barnesandnoble.com/w/investment-answer-daniel-c-goldie/1100384406?ean=9781455503308&format=hardcover
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All
Right now I am with an Ameriprise financial adviser; she manages every thing for me. of course the 'wrap fee' is 1%. All transactions / trades are free.
She has been good to me so far... I am wondering if there is a better choice out there. I keep hearing about the advisers who work on 'hourly fee' basis and not on commission basis. But so far, I wasn't able to find one. All my friends have advisers who charge 1-1.5% .
are there better alternatives?
any recommendations? I'd prefer some body located in SouthBay / Peninsula area.
thanks all!