Do you use a financial planner?
 

Wondering how many people use financial planners, and their perceptions of how they perform (I'm in the beginning stages of finding one):

Re: Do you use a financial planner?
 

I use to and when I knew very little I think it was pretty useful. I've learned enough that I'm comfortable where I'm at now but I can see myself using a financial planner in the future when I need an education on different subjects.

Krishan

Re: Do you use a financial planner?
 

http://mooreslore.corante.com/archiv...%20simpson.gif

"financial panther, hmmm??"

http://blogs.warwick.ac.uk/images/ro...04/panther.jpg

Banker: "Mr. Simpson your bills are late again!"

Homer: "GET HIM SIMBA!"

Re: Do you use a financial planner?
 

I don't use one, but I think they can be extremely valuable, provided of course that you can find an extremely valuable one.

Re: Do you use a financial planner?
 

It's probably best to learn a few things about finance so that when you're looking for a "financial planner," you know you're not getting scammed.

Re: Do you use a financial planner?
 

Or, alternatively, you can ask some knowledgable people if your financial advisor is good, or if they know one who is.

Re: Do you use a financial planner?
 

Only if they're paid for their time and not on commisions.

My father is a retired financial planner and was honest and respected by his clients. He never followed his own advice as ties and regulations prevented his clients from getting the best products - even if they did get a good service.

Unless you know nothing about personal finance, I'd suggest you do everything yourself as you probably know just as much as them anyway... and you can save a packet in the long run.

Re: Do you use a financial planner?
 

hellz no

Re: Do you use a financial planner?
 

You should be paying an hourly rate, not a commission if you do decide to use one.

In almost all cases they can not beat the market for you.

Re: Do you use a financial planner?
 

Financial planners do not neccessarily try to beat the market. Many add value mainly by matching their client's risk tolerance to a portfolio, managing that portfolio, and also sometimes by providing access to DFA funds, which are superior to Vanguard's in many respects. So many people in the real world make terrible investing decisions. A financial advisor who knows the ins and outs can really help them out.

Re: Do you use a financial planner?
 

We use a mix of DIY, third-party active management, and professinal financial planning.

Re: Do you use a financial planner?
 

[ QUOTE ]
Financial planners do not neccessarily try to beat the market. Many add value mainly by matching their client's risk tolerance to a portfolio, managing that portfolio, and also sometimes by providing access to DFA funds, which are superior to Vanguard's in many respects.
So many people in the real world make terrible investing decisions YOU WOULDN'T BELIEVE how dumb they are.

A financial advisor who knows anything, but esp the ins and outs can really help them out.

[/ QUOTE ]

Re: Do you use a financial planner?
 

7 yes', 18 votes on "If Yes"... [img]/images/graemlins/confused.gif[/img]

Re: Do you use a financial planner?
 

If your the type of person to invest 60k to salesman/BJ/Broker not understanding the risk/reward/effect on your portfolio you need a financial planner. If you understand even the basics of investing and are responsible you can easily get away with just an accountant and an attorney.

some easy questions
what interest do you what on your net worth?
What risk will you tolerate?

If you answer >15% and none you need a financial planner not that they can help you achieve this it just you have no clue.

with all other answers you should be able to come up with a very appropriate strategy on your own.

attorney*>>>>>>account>>fi nancial planner

*I do not like'em but they are sooo useful and they are responsible for their advice. make sure the have a paid insurance policy/bond in excess of your future net worth usually requires a big firm.