Quote:
Originally Posted by Davonu
I don't post that often on ToTV, but I read it a lot and like all the information provided. So I thought I'd ask my own question...
I'm looking for a financial advisor, but not one who has a product to sell. I want to just pay a fee for the specific questions I have and advice I'm looking for. It might be real estate related, or related to using some money in a retirement plan for something else, and other miscellaneous things like that.
Again, not interested in talking to anybody who has a product to sell...only his or her financial advice services.
Thanks.
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What you are describing is NOT FEE BASED. You are describing FEE ONLY. Fee Based still involves selling financial products and involves commissions. Fee Only advisors do not sell/push products. They typically charge an annual fee (maybe charged in quarters), based on your assets, or possibly an hourly rate in addition to or in place of, an annual fee. Make sure you understand the difference before you shop around for a financial advisor. There are lots of informative websites which detail the differences between Fee Based and Fee Only. There are independent advisors, and then there are those who work for larger firms. There are not many large firms near the Villages, however, we have found that those located in Orlando (and even Gainesville) will drive to the Villages for appointments with clients. You will have to decide with whom you feel most comfortable -- an independent advisor, or one of the larger firms. Both have their pros and cons, of course. Search online for FEE ONLY FINANCIAL ADVISORS for additional resources.