fee-only financial advisor

[Veronica]

Can anyone recommend a good fee-based financial advisor near TV? Thank you.

[Philip Winkler]

Fross & Fross--Call Patrick Fross @ 352-205-7800

[Villageswimmer]

Fross & Fross--Call Patrick Fross @ 352-205-7800


I may be wrong but I can't find anything on their website to confirm that they are fee based. I do see a mention that they are "performance based."

[Veronica]

Thank you! How much do you have to have for them to take over an account?

[Bonnevie]

though Fross and Fross are fee based that is not as good as fee ONLY. I went to Fross and Fross thinking they only made money as a percentage of portfolio only to find when I left I was sold high commission items that I am stuck in for years because they are private REITs and not liquid and they are and have done really poorly.( I'm sure it probably said that in the voluminous stacks of information on them--but I doubt many read it all--you are after all paying for advice and you expect to be getting good advice). Fross and Fross wines and dines you but if you step back you realize someone is paying for the polo team and luxurious office. Of course, I hasten to add that is just my experience with them--many people are quite happy with them.

I recommend Fidelity at LSL. I use Samantha Cook. There you have a choice and I manage some funds myself and let them manage some.

[TNLAKEPANDA]

I would recommend Gregg Emch with Morgan Stanley out of Winter Park. They are % fee based and we have been with him since 2002. He will go a good job getting you well
​diversified within your risk tolerance. No need to travel to Winter Park he comes out here.

[Veronica]

Can anyone recommend a good fee-only financial advisor? I just want to pay someone to review my trust portfolio which is losing money. Thank you.

[Chatbrat]

Using a financial adviser is akin to paying some one to gamble with your money in Vegas. The only time I ever lost money is when I hired a so-called financial adviser , the adviser was more like an in house sales person pushing stuff related to Citibank

If they're so smart-how come they're still working?

[vinnie]

I went to high school with joe Moglia chairman of Ameritrade
Not sure the size of your portfolio but if it is 500k or more then I recommend Brett Boyles of Creative Planning
They have been rated #1 in the country the past few years and take a conservative approach. Low costs and fees.
What Brett does is review everything ...insurance, wills trusts etc
No charge
Gives you recommendatupions based on who you are and where you went to be
I can provide more info but first go to YouTube and listen to Peter Mallouk of Creative Panning.
He has a few videos on YouTube and that cb help you decide if this the the direction you choos to go
Having said that, these are tough times for all
Seems the day traders are doing better
Vin Powell
315.246.1056

[JGVillages]

I have been with Edward Jones, Jayne Wakeman, for 6 years. She and Edward Jones will tailor your portfolio to your needs, be them conservative or aggresive. A highly intelligent no pressure agent with an award winning corporation to support client needs.

[Bonnevie]

I recommend Samantha Cook at Fidelity downtown LSL.

[Dan9871]

Talk to Francis Simms at Charles Schwab in Lake Sumter Landing.

[Villageswimmer]

I would caution you to do due diligence before contacting anyone recommended on this forum. Google is your friend. Educate yourself so you know the right questions of anyone to whom you are entrusting your portfolio.

[Topspinmo]

Using a financial adviser is akin to paying some one to gamble with your money in Vegas. The only time I ever lost money is when I hired a so-called financial adviser , the adviser was more like an in house sales person pushing stuff related to Citibank

If they're so smart-how come they're still working?


Some of the best advice I have read yet!:bigbow:

[snowbird22154]

Using a financial adviser is akin to paying some one to gamble with your money in Vegas. The only time I ever lost money is when I hired a so-called financial adviser , the adviser was more like an in house sales person pushing stuff related to Citibank

If they're so smart-how come they're still working?


:BigApplause:

[bonrich]

We use a fee base financial planner for our investments. Have gone this route for years and have had success with it. This Planner looked at our 401's before we retired. Then, asks about goals, etc. Looks at our risk tolerance, plans at retirement, our complete financial status, and what we wanted to do during retirement and how much we would like or need to have per month. Then he gave us choices of what Companies to use, Vanguard, TIAA-CREF, as examples, and the different funds to help us to be able to realize our goals and to make sure we do not run out of money to accomplish them. He does not get any money from these funds so there is no incentive to the Planner to push you into a particular fund. His money comes from an hourly charge when we meet up with him, which we do once a year, about 1 hour or so to review and tune up our portfolio, if needed. Also to make sure we are in the percentile we are comfortable in, either 60% stock funds-40% safe funds, or 70-30 for the more conservative investor. Also, he determined the correct RMD needed to satisfy the IRS and made the calls to the Funds to set that up along with deductions for Federal or State taxes. Also makes changes to our withdrawal as our needs change.
Nice to know if needed for advice, he is just a phone call away, which happened when we bought our first home,(very quickly) in TV. We were fortunate to have found the right person for us.

[jrdonn]

Can anyone recommend a good fee-only financial advisor? I just want to pay someone to review my trust portfolio which is losing money. Thank you.
Check here, Fee-Only Financial Advisors Home - NAPFA - The National Association of Personal Financial Advisors (http://napfa.org)

[manaboutown]

This week Barron's published its Top Advisor Directory (as it does periodically). Many are located in FL, CA and NY no doubt because that is where the money is. Some may be fee based; I do not know. The directory lists the size of the typical portfolio each advisor manages as well as the net worth of his/her typical client.

[rjm1cc]

We use a fee base financial planner for our investments. Have gone this route for years and have had success with it. This Planner looked at our 401's before we retired. Then, asks about goals, etc. Looks at our risk tolerance, plans at retirement, our complete financial status, and what we wanted to do during retirement and how much we would like or need to have per month. Then he gave us choices of what Companies to use, Vanguard, TIAA-CREF, as examples, and the different funds to help us to be able to realize our goals and to make sure we do not run out of money to accomplish them. He does not get any money from these funds so there is no incentive to the Planner to push you into a particular fund. His money comes from an hourly charge when we meet up with him, which we do once a year, about 1 hour or so to review and tune up our portfolio, if needed. Also to make sure we are in the percentile we are comfortable in, either 60% stock funds-40% safe funds, or 70-30 for the more conservative investor. Also, he determined the correct RMD needed to satisfy the IRS and made the calls to the Funds to set that up along with deductions for Federal or State taxes. Also makes changes to our withdrawal as our needs change.
Nice to know if needed for advice, he is just a phone call away, which happened when we bought our first home,(very quickly) in TV. We were fortunate to have found the right person for us.

Sounds like a good guy. What is his hourly fee. Seems like it would be tough to make a living but then it is the same way most professional get paid - hourly for services rendered.
Do you compare your results to bench markets to evaluate how well the investments go?

[sweetthang]

I did a bit of a search for a fee only advisor and ended up using David Nestrick with Firstrust and have been very satisfied with his advice. I have a consultation with him every year since the original meeting. He will come to your home.

[bonrich]

Sounds like a good guy. What is his hourly fee. Seems like it would be tough to make a living but then it is the same way most professional get paid - hourly for services rendered.
Do you compare your results to bench markets to evaluate how well the investments go?

I should have added that our Planner is based in NYS. He is also a lawyer and teaches part time at a 4 year college. Hourly charge is, at last tune-up was $190 for an hour. We are in Index Funds now and no longer into individual stocks. Since these Funds mirror the market, we are pleased with our portfolio.

[Bavarian]

I have a small fee only account with Morgan Stanley, Broker I had before moving don here, not a salesman. I have also subscribed to online stock picks when to sell and when to sell. Most of my sucess is on my own, though.

I would stear clear of the ones offering free dinner, etc, in Daiy Sun. Many promise Muni bonds with very high interest rates, but read the fine print, 40 year bonds, don't get locked in for so long, and from unknown city or country, if it sounds too good to be true, it's bad.

[Oneiric]

Don't Edward Jones, Morgan Stanley, and others like them have high expense ratios in their managed funds? (1-2%). One investor might feel that their managerial fees are low but aren't you paying dearly inside their funds?

[outlaw]

Anyone who tells you they can produce higher returns for less risk are not telling you the true risks (except for one situation where adding a very small percentage of equities to your otherwise all fixed income assets can theoretically improve returns while reducing portfolio risk). Good luck.

[petsetc]

I'd recommend you google Paul Merriman (paulmerriman-dot-com) and download and read his 3 free e books. He also makes some recommendations on his site. He is a retired investment adviser and is trying to sell you NOTHING.

[rjm1cc]

I should have added that our Planner is based in NYS. He is also a lawyer and teaches part time at a 4 year college. Hourly charge is, at last tune-up was $190 for an hour. We are in Index Funds now and no longer into individual stocks. Since these Funds mirror the market, we are pleased with our portfolio.
Very reasonable.

[dave harris]

Why don't people do a little research and pick their own investments. Like was said, in a comment. if they knew some much they wouldn't be telling you.

[advp007]

Can anyone recommend a good fee-based financial advisor near TV? Thank you.

I am convinced that you can do better than any financial advisor with a little homework. Determine your asset allocation and utilize the appropriate low expense index fund. Financial advisors always pitch products they can make money on.