What do you think about such a financial planner?

[as]

We usually manage our own investments and so far we’ve done well. Last year we met a financial planner and since then he has been pushing us to invest with him. He asked us to show him all of our assets and told us our investment is too risky, but at the same time telling us how great his strategy is. He put together some recommendations for us. We decided to give him $25k to start, but he got very upset and told us we should take this amount of money to somebody else. We should start with him with at least $75k, he said. We were stunned. Have you ever heard of such a financial planner? What should I tell him?

[Coronita]

There’s been numerous discussions about them on this board. In short, with the exception of Rich, most financial planners just want to make commisions or fees for so-so, sheeply advice that every other financial planner is doing. In fact most “advisors” don’t want to talk to you until you’re willing to let them “manage” around 100k. If you’re into the standard “diversification” approach, it’s not that hard, and you could do this yourself, and regular balancing each year. $25k is probably not worth most financial planner’s time.

[Coronita]

There’s been numerous discussions about them on this board. In short, with the exception of Rich, most financial planners just want to make commisions or fees for so-so, sheeply advice that every other financial planner is doing. In fact most “advisors” don’t want to talk to you until you’re willing to let them “manage” around 100k. If you’re into the standard “diversification” approach, it’s not that hard, and you could do this yourself, and regular balancing each year. $25k is probably not worth most financial planner’s time.

[Coronita]

There’s been numerous discussions about them on this board. In short, with the exception of Rich, most financial planners just want to make commisions or fees for so-so, sheeply advice that every other financial planner is doing. In fact most “advisors” don’t want to talk to you until you’re willing to let them “manage” around 100k. If you’re into the standard “diversification” approach, it’s not that hard, and you could do this yourself, and regular balancing each year. $25k is probably not worth most financial planner’s time.

[Coronita]

There’s been numerous discussions about them on this board. In short, with the exception of Rich, most financial planners just want to make commisions or fees for so-so, sheeply advice that every other financial planner is doing. In fact most “advisors” don’t want to talk to you until you’re willing to let them “manage” around 100k. If you’re into the standard “diversification” approach, it’s not that hard, and you could do this yourself, and regular balancing each year. $25k is probably not worth most financial planner’s time.

[Coronita]

There’s been numerous discussions about them on this board. In short, with the exception of Rich, most financial planners just want to make commisions or fees for so-so, sheeply advice that every other financial planner is doing. In fact most “advisors” don’t want to talk to you until you’re willing to let them “manage” around 100k. If you’re into the standard “diversification” approach, it’s not that hard, and you could do this yourself, and regular balancing each year. $25k is probably not worth most financial planner’s time.

[5yearwaiter]

[quote=as]We usually manage our own investments and so far we’ve done well. Last year we met a financial planner and since then he has been pushing us to invest with him. He asked us to show him all of our assets and told us our investment is too risky, but at the same time telling us how great his strategy is. He put together some recommendations for us. We decided to give him $25k to start, but he got very upset and told us we should take this amount of money to somebody else. We should start with him with at least $75k, he said. We were stunned. Have you ever heard of such a financial planner? What should I tell him?[/quote]

In 2007 I was requested to accompany with my friend to meet one Financial Planner in RB area. Interestingly the Great Plannar started pointing housing industry was the best spot (then in 2007) when I asked fewer questions how they can improve our investments. I believe this is more than enough to you – how the planner works and where we end up. BTW my friend praises me at least once in a month how I saved his money when he was about to dive into this kind of Financial Planner activity

p.s : Regarding Investments – put your head to understand what’s going on and realise a bit yourself instead giving control to others. Needless to say this fact – those who didn’t invest at all for the past 7 years saved a lot instead those who invest and lost a lot in several ways (either housing, stocks or even 401Ks )

[5yearwaiter]

[quote=as]We usually manage our own investments and so far we’ve done well. Last year we met a financial planner and since then he has been pushing us to invest with him. He asked us to show him all of our assets and told us our investment is too risky, but at the same time telling us how great his strategy is. He put together some recommendations for us. We decided to give him $25k to start, but he got very upset and told us we should take this amount of money to somebody else. We should start with him with at least $75k, he said. We were stunned. Have you ever heard of such a financial planner? What should I tell him?[/quote]

In 2007 I was requested to accompany with my friend to meet one Financial Planner in RB area. Interestingly the Great Plannar started pointing housing industry was the best spot (then in 2007) when I asked fewer questions how they can improve our investments. I believe this is more than enough to you – how the planner works and where we end up. BTW my friend praises me at least once in a month how I saved his money when he was about to dive into this kind of Financial Planner activity

p.s : Regarding Investments – put your head to understand what’s going on and realise a bit yourself instead giving control to others. Needless to say this fact – those who didn’t invest at all for the past 7 years saved a lot instead those who invest and lost a lot in several ways (either housing, stocks or even 401Ks )

[5yearwaiter]

[quote=as]We usually manage our own investments and so far we’ve done well. Last year we met a financial planner and since then he has been pushing us to invest with him. He asked us to show him all of our assets and told us our investment is too risky, but at the same time telling us how great his strategy is. He put together some recommendations for us. We decided to give him $25k to start, but he got very upset and told us we should take this amount of money to somebody else. We should start with him with at least $75k, he said. We were stunned. Have you ever heard of such a financial planner? What should I tell him?[/quote]

In 2007 I was requested to accompany with my friend to meet one Financial Planner in RB area. Interestingly the Great Plannar started pointing housing industry was the best spot (then in 2007) when I asked fewer questions how they can improve our investments. I believe this is more than enough to you – how the planner works and where we end up. BTW my friend praises me at least once in a month how I saved his money when he was about to dive into this kind of Financial Planner activity

p.s : Regarding Investments – put your head to understand what’s going on and realise a bit yourself instead giving control to others. Needless to say this fact – those who didn’t invest at all for the past 7 years saved a lot instead those who invest and lost a lot in several ways (either housing, stocks or even 401Ks )

[5yearwaiter]

[quote=as]We usually manage our own investments and so far we’ve done well. Last year we met a financial planner and since then he has been pushing us to invest with him. He asked us to show him all of our assets and told us our investment is too risky, but at the same time telling us how great his strategy is. He put together some recommendations for us. We decided to give him $25k to start, but he got very upset and told us we should take this amount of money to somebody else. We should start with him with at least $75k, he said. We were stunned. Have you ever heard of such a financial planner? What should I tell him?[/quote]

In 2007 I was requested to accompany with my friend to meet one Financial Planner in RB area. Interestingly the Great Plannar started pointing housing industry was the best spot (then in 2007) when I asked fewer questions how they can improve our investments. I believe this is more than enough to you – how the planner works and where we end up. BTW my friend praises me at least once in a month how I saved his money when he was about to dive into this kind of Financial Planner activity

p.s : Regarding Investments – put your head to understand what’s going on and realise a bit yourself instead giving control to others. Needless to say this fact – those who didn’t invest at all for the past 7 years saved a lot instead those who invest and lost a lot in several ways (either housing, stocks or even 401Ks )

[5yearwaiter]

[quote=as]We usually manage our own investments and so far we’ve done well. Last year we met a financial planner and since then he has been pushing us to invest with him. He asked us to show him all of our assets and told us our investment is too risky, but at the same time telling us how great his strategy is. He put together some recommendations for us. We decided to give him $25k to start, but he got very upset and told us we should take this amount of money to somebody else. We should start with him with at least $75k, he said. We were stunned. Have you ever heard of such a financial planner? What should I tell him?[/quote]

In 2007 I was requested to accompany with my friend to meet one Financial Planner in RB area. Interestingly the Great Plannar started pointing housing industry was the best spot (then in 2007) when I asked fewer questions how they can improve our investments. I believe this is more than enough to you – how the planner works and where we end up. BTW my friend praises me at least once in a month how I saved his money when he was about to dive into this kind of Financial Planner activity

p.s : Regarding Investments – put your head to understand what’s going on and realise a bit yourself instead giving control to others. Needless to say this fact – those who didn’t invest at all for the past 7 years saved a lot instead those who invest and lost a lot in several ways (either housing, stocks or even 401Ks )

[as]

So how would a young person start out investing then? Someone who had no savings or investment yet, but wanted to start a monthly investment plan… I guess financial planners these days wouldn’t be interested in working with someone like that? When I started investing 26 years ago, there were numerous financial planners who were willing to help a young person just starting out who had less than $10,000 in assets.

Also, our primary issue with him was how rude and unprofessional he became when we told him we were initially going to invest $25K with him. We even told him we would put more in later.

[as]

So how would a young person start out investing then? Someone who had no savings or investment yet, but wanted to start a monthly investment plan… I guess financial planners these days wouldn’t be interested in working with someone like that? When I started investing 26 years ago, there were numerous financial planners who were willing to help a young person just starting out who had less than $10,000 in assets.

Also, our primary issue with him was how rude and unprofessional he became when we told him we were initially going to invest $25K with him. We even told him we would put more in later.

[as]

So how would a young person start out investing then? Someone who had no savings or investment yet, but wanted to start a monthly investment plan… I guess financial planners these days wouldn’t be interested in working with someone like that? When I started investing 26 years ago, there were numerous financial planners who were willing to help a young person just starting out who had less than $10,000 in assets.

Also, our primary issue with him was how rude and unprofessional he became when we told him we were initially going to invest $25K with him. We even told him we would put more in later.

[as]

So how would a young person start out investing then? Someone who had no savings or investment yet, but wanted to start a monthly investment plan… I guess financial planners these days wouldn’t be interested in working with someone like that? When I started investing 26 years ago, there were numerous financial planners who were willing to help a young person just starting out who had less than $10,000 in assets.

Also, our primary issue with him was how rude and unprofessional he became when we told him we were initially going to invest $25K with him. We even told him we would put more in later.

[Author]

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