Comments on: How to Pick a Financial Advisor

By: Aaron

Aaron — Wed, 06 Feb 2013 01:45:23 +0000

Thanks for the correction Greg and input.

By: Greg

Greg — Wed, 06 Feb 2013 01:37:53 +0000

Great article with some great advice. One minor note: CFA stands for chartered financial analyst. It’s likely the most difficult to obtain in the industry, specializing on advanced monetary topics, highly technical analysis, and complex modeling. It does NOT, on its own, train one to provide comprehensive, personal financial planning and advice, especially in the realms of tax, retirement, and estate planning, fields best left to CFPs.

By: Aaron

Aaron — Thu, 31 Jan 2013 12:43:24 +0000

@Oliver – Awesome! Good to hear there’ll be more “good ones” out there
@Chad – Yup – I’ll bet that’s pretty common. Vanguard is one of the best products out there in terms of fees.

By: Chad

Chad — Thu, 31 Jan 2013 03:41:15 +0000

I agree that having an advisor which acts as a fiduciary is one of the most important aspects. When interviewing financial advisors a few years ago, I had one person tell me they would put me in one product because they were “required to,” even though I could get the exact same thing from Vanguard with 1% less fees. And he said it with a straight face.

By: Oliver @ Christian Money Blog

Oliver @ Christian Money Blog — Thu, 31 Jan 2013 02:14:18 +0000

Great article Aaron! I’m currently studying for the CFP looking to add fee-only financial planning to tax prep and planning at our CPA firm. I got tired of doing tax returns for widowed ladies who were sold awful variable annuities by brokers pretending to be financial planners. Your post highlights everything a person should look for in a fee-only planner. Great job!

Oliver

By: Aaron

Aaron — Thu, 31 Jan 2013 00:07:08 +0000

Thanks Grayson. Good luck in finding one!

By: Grayson @ Debt Roundup

Grayson @ Debt Roundup — Wed, 30 Jan 2013 23:56:15 +0000

This is great information. I am looking at the possibility of an advisor to get my investments in control.