Quote:
Originally Posted by BobKat1
Some financial planners/advisors do have minimums while others either don't, or theirs are lower. Best thing to do is to go straight to the source and ask them. They will let you know if they have minimums.
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Some, like Fross and Fross, will give you one of their associates to work with if your assets under management do not meet the threshold that the Fross brothers demand for their attention.
We met with F&F as well as Cebert and, while somewhat impressed, came away disillusioned with the heavy amount of variable annuities that both firms recommended. Perhaps they are right for some people or perhaps my evaluation of them is wrong, but I think that VAs are not the best investments. They do generate large commisions for those that sell them, however.
What made me suspicious of Cebert is that when they show you "actual numbers" of how an annuity would have faired in a specific period of time, the numbers looked fantastic. However, when I asked them to run a different time period, they said they would and would get back to me with the results. They never called back.
What made me pull back from F&F was they were proposing that part of my funds be invested with a third party money manager. They showed how investments with this manager would have done over the previous 10 years - which, again, looked fantastic. However, in researching the data that was used by this manager in creating the nice-looking graphs, hidden in the fine print was that the first substantial number of years of this data was "simulated" based on how they "would have invested" had the fund existed during that time period ... which it didn't. Just a bit too much creativity in marketing for my tastes.