Financial Advisor In The Us

What's others opinion of them as a company? How do I know this co. will pay out? Is the 8% going to build much, or is that deceptive? that particular one charges .0045 or .45% of our investment yearly. Are there better companies / programs out there?

I would keep shopping around anyway.
Often something that sounds too good to be true usually is.
You do not have to decide now but it us wise to look for other things as well.
or possible happy or unhappy customers and then weigh out the differences yourself.

2009-05-13 00:31:17 by Cordelia

A. Scott White, Certified Financial Planner and President of Scott White Advisors, presents questions you should ask when interviewing financial ...

One of my friends is currently into Private Banking in India and wants to continue the same profile in US. I hear you need some certificates more than work experience, is that true? If yes, what courses would provide the required certificates?

Usually a degree in finance would be useful in becoming a financial advisor.

That means 4 years, 190 credits. Business courses.

2006-06-14 22:24:22 by rocking always

Price: $5.99

For an organization I am in, I have to have 2 questions to ask this guy and I have to submit them by today. Any Ideas??

Given the size of the reason Govt Stimulus packages, how will we avoid inflation?

2009-03-06 09:46:15 by sugar142

Price: $2.99

we are interviewing financial advisors to help us invest about 250k in mostly cash some stocks/mutual funds. what is a reasonable fee to expect to be charged on an account of this small size by a fee-only financial advisor? is it worth it?

Let me give you some advice, that i believe will prove useful. First off, insist that the financial advisor give you several different options for your money.

They love to put their clients into mutual funds because that is where they make their highest commissions. The truth is, about 75% of all mutual funds under perform the market. All of them have management fees and some have sales loads. They just aren't that good of an investment vehicle anymore. In my opinion.

I would look at DRIP Plans (which I personally love) instead of mutual funds. Or look at ETF's, which are basically the same thing as mutual funds, except with lower overall average fees.

Just insist that they give you many options, and pay attention to how strong he pushes you toward mutual funds.

Best of Luck

2008-03-31 15:15:30 by lisashopping2003

My husband and I are 24/26 and in great health. The payout is $250K each if we die and there is a cash balance that we can pull out after 10 years. It will cost $63/month for me and $78/month for him. Our advisor is insisting we get it while we’re young but we don't know too much about it and are hesitant be locked into paying this amount our entire life. The company is RiverSource. We plan on having two kids in three years. Any advise?

My advice - establish the goal, and run the numbers. At your age, you should be able to buy term insurance, 20 year term, for $250,000 each, for about $200 a year, each. So you're looking at $33 a month, vs. $141 a month.

Now, let's say that the goal is to build wealth, and pay out if you die with young children. Buying the term policy, and investing the difference, after 20 years, if you don't die, you'll have $109,000 or more, in that investment account (the stock market has averaged 12% per year, since it's inception).

Now, at this point, the cash value (check your schedule) is probably around $5,000.

So now you're in your 40's, and decide that maybe you want to keep that life nsurance 20 more years (and you bought a guaranteed renewable policy). So, the premium's probably higher - maybe $70 a month now. If you still invest the $70 difference, by the time you're ready to retire, that investment account will be worth $1,258,000. Not only do you not need to renew the insurance again, but you've got a tidy little nest egg which will go far, towards your retirement money.

Permanent insurance makes a LOT of commission for agents, and is extremely profitable for insurance companies. It is NOT a good wealth building tool. Most of the time, it's NOT the best tool to get the job done - you can find other ways to do better, for less money.

Always, always, define the goal, and run the numbers.


***'Robert's right, though - most people don't "invest the difference". But MOST people don't keep a life insurance policy more than five years. ESPECIALLY the whole life policies. They run the numbers . . . . and decide it's a bad deal.**

2008-07-01 20:01:52 by Stephanie S