Selecting A Financial Advisor

I need to appoint a financial ad visor to give me correct suggestion on my investments and earnings. what are the basic ingredients a financial adviser should posses in their skills. What basis i should select a financial adviser.

Yes You need to be very careful on selecting an financial ad-visor, As far as im concerned, a good financial ad-visor is a person must have the necessary educational background. But to better judge a financial ad-visor its only by the experience and track record.

2008-10-10 07:30:51 by ebooker

www.which.co.uk Top tips on choosing a financial adviser from a Which? Local-recommended chartered financial planner

Ask your wealthy friends, they should have a good financial afvisor and can refer you to them.

2006-01-02 21:56:38 by Doc

Price: $24.95

We are into our 401k, have a small stock selection, and am nearing the standard deduction when we itemize. We refi'ed a couple of years ago to a 15 year, 4.25% fixed, with at least 250k in equity. Last year, our income level even reduced our child tax credit, and we will be earning 17 percent more this year without overtime or bonuses calculated.

I don't want to withdraw money from our house, 401k, or stocks, but really want to lower our tax liabilities.

Would a rental property be the best method to utilize our increased income, and also increase our net worth and reduce our tax liabilities?

Have you got a better idea, or tax solution? (Must be legal, and not involve giving my money to someone else to mismanage).

I don't know if I would talk to a financial planner on this topic, however I would talk to a CPA on it. Depending on what your looking to do, I'm not sure if investment properties would be the route to take. If your looking for residual income, you might want to look into a triple tax free muni. It doesn't grow as fast as real estate, but it is safe in protecting your investment.

2006-03-27 22:58:15 by SpotTheBoozeHound

Price: $20.00 $20.00

I've heard people say you have better returns if you let a pro handle your decisions. (Especially since Im a beginner). But how do I go about selecting someone who wont screw me over for their own personal goals?

Use a reputable firm rather than an individual...

2008-09-12 19:09:23 by Ty C

I have always used the services of IFAs in the UK, but after 10 years the money I have invested is not worth much more than what I have put in (i.e. no growth). I have considered moving to a new IFA, but they want £2000 in fees and then charge a % of holdings per year for management. Is this worth it, or am I better just selecting funds from "best buy" tables in newspapers myself? Thanks.

If you get a good one, hang onto him or her. But it seems as though you've not had good ones, and after 10 years you have developed enough financial education to work things out for yourself. I'd say definitely do your own investment research - I personally swear by the Guardian Money Section on Saturdays - but there are probably other papers. There has rarely been a financial issue I've not understood from reading it, although I do sometimes have to read the article twice !

2007-05-01 06:25:56 by Ed