Financial Management Advisor

A financial adviser can be helpful to clients who may need some direction in the journey to developing wealth and that, especially in this economy. could be a lengthy process. They would help minimize risk while balancing short term savings, long term retirement funds and the children's college.

A wealth management adviser could maximize profit, often at considerably more risk, from the discretionary funds which would be available after the basic goals have been defined and met. Good Luck.

2009-07-13 23:59:47 by idk1241

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I am graduating college with a bachelor's degree in financial management and I am starting work as a financial advisor associate(FAA). I know eventually my pay will be based on performance and how much assets I manage, but for the first two years while you are in their training program you draw a salary. So how much can I expect to make during those first two years?

Never worked with Smith Barney, but I did look at some similar organizations out of college a few years back and the pay was $18k to $24k a year base salary plus commission which was pretty sweet. One place, I forget which, was 24k base OR commish but they provided leads so business was a bit easier to pull in.

2007-09-08 18:22:02 by mark s

Price: $65.00 $40.95

Hi,
If you're a in the medical field (e.g:doctor), and you've got the choice, what are the pros and cons of investing with a private financial advisor, vs dealing with MD management (a company that manages people in the health fields' money)

Mainly it is about one thing and that is about how they get paid.

A private advisor will charge you 1% of the money you invest with them each year. They get this whether you make money or lose money. Some charge more and few less. Also they are motivated to lock up your money somehow since they don't care about the returns except to keep you as a client. Also they get money if they put you in to loaded funds. Out of the load the advisor gets paid as long as you hold it.

And I don't know about MD management specifically but if like company managed funds and investments they charge management fees for the funds or get kickbacks from the funds. This lowers your returns if they have high fees but you never see it. It just lowers returns.

If your portfolio is over $100k you might consider a "fee only" planner. If a typical adviser is charging 1% of that amount it works out to $1,000 a year. A fee only planner will advise you for like $100 to $150 an hour. But then you move the money as advised. Likely in to mutual funds. But in my opinion it is not likely that an adviser is going to spend 10 hours a year to manage your account. So that is the cheaper option. More so if the portfolio is higher.

The only way around it is to do it yourself and that is likely adviseable it the amount is smaller or you are more comfortable. Index funds, balanced funds, a select number of different fund types will cover all the bases for safety and diversification.

But of course mutual funds have their own fees. But if a planner is buying mutual funds for you then you are paying fees twice. But that is rather normally done.

Myself, I suggest you use a fee only planner and pay for the advice and then do it yourself. Then go back to them if you need further advice.

One way or the other you have to pay for what you get. The problem with advisers is they have motivation to put you in things that make them more money, not make you more money.

That is one reason a management company that is not managing so much individually has it's merits.

Good Luck.

Just my Humble opinion.

2008-11-14 11:48:39 by Sarah

Price: $7.95 $7.95

One has read that Prince Charles is doing very intelligent things with the Duchy Cornwall properties, and making it profitable. If he WASN'T and it was in financial shambles, does he have to answer to government financial advisors? WHO?

The Crown Estate is managed by an independent body responsible for making as large a profit as possible from the land, this body is then accountable to Parliament for which it makes an annual report, but there is a massive difference between the Duchy and the Crown Estate, therefore I doubt they would be an appropriate recourse for the Prince of Wales to seek help from.

First, the Duchy, unlike the Crown Estate is a private estate, managed by the Prince of Wales that he is able to take the revenue from for his own use, whereas the Crown Estate is voluntarily given over to the government to run and profit from by each consecutive monarch.

It would be as inappropriate for the government to 'force' you or I to answer to them for our potential financial mistakes as it would be for the Prince. Regardless of how horrible one manages the Duchy it can not be sold; it must be given intact to the next heir, therefore a poorly managed Duchy, while financially devastating for the Prince can only improve.

I would hope, however, that if this situation arose that in order to keep the Duchy operating at a good turn at least for the benefit of the next heir that the Prince would be given 'help' by financial advisers from the government, but it may be in his best interest to run the Duchy a little less well because many British people can't stand seeing him making a profit, if he made less off of it then the Duchy wouldn't look to be such a tempting steal to the politicians and the public wouldn't be so envious.

2010-02-19 08:56:45 by Ms. Minerva

The title says it all. Also, my head is a bit clouded of what i want to be in the future. I'm currently 18 years old in a Community College. I'm planning to transfer to Santa Cruz in Business Management/Economics. I heard a Financial Analyst helps plan and maximize people's profit, and that's what i like to do. I want to plan out things in a timely matter and i love to maximize profits from doing integrals of graphs (calculus). Any suggestions? Also, any difference with a Chartered Financial Analyst as well? Thanks everyone.

Financial Analysts have a function to acquire & interpret financial data of companies, projects, etc. Their reports are used as tool to make managerial decisions.

A Financial Advisor is a person who gives recommendations on personal financial planning. They typically get paid by selling financial products either by commission or fee based

A Chartered Financial Analyst or CFA is a professional designation in the field of investment banking, investment management, & financial analysis of stocks, bonds, an associated derivatives.

2007-09-06 12:33:25 by sandy