Financial planners

Financial Planning - Financial planning in general. (Moderated) 

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Subject Author Date Financial planners The Henchman 01-02-2007  Re: Financial planners Ron Rosenfeld 01-02-2007   Re: Financial planners Todd H. 01-02-2007  Re: Financial planners rick++ 01-02-2007  Re: Financial planners Don 01-02-2007  Re: Financial planners kastnna 01-02-2007  Re: Financial planners Don 01-02-2007  Re: Financial planners Elle 01-02-2007  Re: Financial planners The Henchman 01-03-2007   Re: Financial planners Todd H. 01-02-2007  Re: Financial planners boostm3 01-03-2007  Re: Financial planners Elle 01-03-2007   Re: Financial planners Todd H. 01-03-2007
Posted by The Henchman on January 2, 2007, 5:03 am How many people here give a certain amount of money each and every month to a financial planner. Why do you or don't you. Or are people more likely to use them for lump sum investments..... Posted by Ron Rosenfeld on January 2, 2007, 8:31 am On Tue, 2 Jan 2007 04:03:59 -0600, "The Henchman" >How many people here give a certain amount of money each and every month to >a financial planner. Why do you or don't you. > >Or are people more likely to use them for lump sum investments..... I do not. I've tried two financial planners. Both were "certified" by one of the national organizations. I was dissatisfied, in the one case with personal follow-up; in the other with a lack of information about performance and expectations. So I chose to educate myself and do it myself. This may not be appropriate for everyone. --ron Posted by Todd H. on January 2, 2007, 10:49 am > How many people here give a certain amount of money each and every month to > a financial planner. Why do you or don't you. > > Or are people more likely to use them for lump sum investments..... The only financial planner I would consider is a flat fee one. I haven't found one I like yet, but it's on the to do list for 2007. No more than a Realtor is structured by compensation to truly have the client's best interest in mind, no financial planner working on commission is really interested in or educated to put the needs of the client first. The financial incentive is to sell product, regardless of its appropriateness. The other thing is that the licensed financial planners I've met all seem to be the folks in the "get rich quick" camp who have failed at other ventures, and don't seem to have their own financial house in order. I've posted on this issue before...it's really odd that of the 3 CFP's I know, none of them seem to be "live within ones means" types and all have significant credit card debt. Maybe I'm running with the wrong crowd, I dunno. I'm sure there are some excellent professionals out there who could help my situation, but until I have occasion to meet one, I'm my own financial planner! Best Regards, -- Todd H. http://www.toddh.net/ Posted by rick++ on January 2, 2007, 11:20 am I'm too cheap to buy one. However my brokerage gives me one for free. I used all their extensive on-line planning packages, buit the in-person still had a couple of useful ideas. Posted by Don on January 2, 2007, 12:39 pm > The other thing is that the licensed financial planners I've met all > seem to be the folks in the "get rich quick" camp who have failed at > other ventures, and don't seem to have their own financial house in > order. I've posted on this issue before...it's really odd that of the > 3 CFP's I know, none of them seem to be "live within ones means" types > and all have significant credit card debt. Maybe I'm running with the > wrong crowd, I dunno. In the area where I live, the number of financial planners advertising their services in the local papers rises and falls along with the stock market itself. Many get into the action when the money is flowing freely and get out when investors become scarce. For an inexperienced person, this pattern should raise questions as to where the advice is going to be at the times it is most needed. Similar Threads Posted Looking for Feedback from working Financial Planners December 4, 2006, 5:16 pm Are there any serious at home jobs for investors or financial planners? July 3, 2007, 5:08 pm need to do financial planning September 24, 2006, 10:34 am Help with some financial planning September 24, 2006, 2:47 pm Becoming a Financial Advisor...How??? March 1, 2007, 5:00 am financial advisor May 19, 2007, 4:56 am Financial Advise November 17, 2007, 1:32 pm Financial Aid for College December 26, 2007, 5:32 pm Ages for financial planning September 29, 2006, 11:10 am best approach to financial planning October 2, 2006, 7:15 pm