Quote:
Originally Posted by BillHitz
I could do it myself and really enjoy it but I use a flat fixed fee advisor because odds are I will die before my wife and I want her to have someone she can depend on and trust and not have to worry about it. I also like the portal tools he provides that can give all kinds of reports and different ways to analyze your portfolio.
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I agree with this statement. I have used Creative Planning for six (?) years. Their compensation model charges a percentage of assets under management (AUM). My wife likes the guy that is the face of the company to us. He has two tasks: hold my wife’s hand upon my demise; and, talk me off the ledge when I’m about to do something stupid with our investments. If he were to leave, then we’d probably move to a fee-for-service advisor. I’ve found a guy in the Florida panhandle (we just moved from there) who I like. I had him run some numbers to get a second opinion on our move to The Villages.
I have used Edward Jones and Fisher Investment. The former was a disaster (hired EJ in 2005). The latter was fantastic, but I was searching for lower fees.