Anyone use an advisor who works on an hourly basis. Anyone use an advisor who works on an hourly basis. - Talk of The Villages Florida

Anyone use an advisor who works on an hourly basis.

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Old 08-26-2023, 06:25 AM
Robbb Robbb is offline
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Default Anyone use an advisor who works on an hourly basis.

I'm looking for an advisor to review my assets management plan. My finances are very simple, and I don't need a financial plan so to speak, just help reviewing my asset allocation. I don't want to pay 1% for ongoing account management, but am looking for an advisor who works on an hourly basis. Any suggestions? TIA.
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Old 08-26-2023, 09:37 AM
Plinker Plinker is online now
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Quote:
Originally Posted by Robbb View Post
I'm looking for an advisor to review my assets management plan. My finances are very simple, and I don't need a financial plan so to speak, just help reviewing my asset allocation. I don't want to pay 1% for ongoing account management, but am looking for an advisor who works on an hourly basis. Any suggestions? TIA.
Search the following fee-only advisor sites:
Napfa.org and Garrettplanningnetwork.com

These advisors will often agree to an hourly charge for services rendered.
The advisors that have solicited me in The Villages are all fee-based and have no interest in charging an hourly fee. They want to sell you an annuity and charge high AUM fees.
Or, as an alternative, contact Vanguard or Fidelity.
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Old 08-26-2023, 04:20 PM
Robbb Robbb is offline
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Originally Posted by Plinker View Post
Search the following fee-only advisor sites:
Napfa.org and Garrettplanningnetwork.com

These advisors will often agree to an hourly charge for services rendered.
The advisors that have solicited me in The Villages are all fee-based and have no interest in charging an hourly fee. They want to sell you an annuity and charge high AUM fees.
Or, as an alternative, contact Vanguard or Fidelity.
Tks
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Old 08-28-2023, 12:07 PM
Gigi3000 Gigi3000 is offline
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Originally Posted by Robbb View Post
I'm looking for an advisor to review my assets management plan. My finances are very simple, and I don't need a financial plan so to speak, just help reviewing my asset allocation. I don't want to pay 1% for ongoing account management, but am looking for an advisor who works on an hourly basis. Any suggestions? TIA.
I know one in Ohio. She is under the Garret Planning network and came highly recommended. She gave me exactly what i asked for. She does phone consults. Lemme know if you would like her info. She is a fiduciary. I investigated all this last year. I'll go ahead and put her name here as i may not be online for a few days. Its Som Hanvanich in Kettering Ohio.

Last edited by Gigi3000; 08-28-2023 at 12:17 PM.
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Old 08-28-2023, 12:17 PM
retiredguy123 retiredguy123 is online now
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OP, you may be able to get what you need for free by making an in-person appointment with Fidelity Investments at Lake Sumter.
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Old 08-28-2023, 12:35 PM
Caymus Caymus is offline
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Originally Posted by Plinker View Post
Search the following fee-only advisor sites:
Napfa.org and Garrettplanningnetwork.com

These advisors will often agree to an hourly charge for services rendered. o
The advisors that have solicited me in The Villages are all fee-based and have no interest in charging an hourly fee. They want to sell you an annuity and charge high AUM fees.
Or, as an alternative, contact Vanguard or Fidelity.
You can also include XY Planning Network.
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Old 08-28-2023, 12:48 PM
Stu from NYC Stu from NYC is offline
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OP, you may be able to get what you need for free by making an in-person appointment with Fidelity Investments at Lake Sumter.
Neighbor was just there and they pushed annuities at him very strongly.
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Old 08-28-2023, 08:58 PM
Robbb Robbb is offline
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Originally Posted by Gigi3000 View Post
I know one in Ohio. She is under the Garret Planning network and came highly recommended. She gave me exactly what i asked for. She does phone consults. Lemme know if you would like her info. She is a fiduciary. I investigated all this last year. I'll go ahead and put her name here as i may not be online for a few days. Its Som Hanvanich in Kettering Ohio.
Tks
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Old 08-28-2023, 09:08 PM
Robbb Robbb is offline
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OP, you may be able to get what you need for free by making an in-person appointment with Fidelity Investments at Lake Sumter.
Thanks, I did talk to a Fidelity guy a few years ago and he was really just interested in pushing an investment.
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Old 08-29-2023, 07:35 PM
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Smalley Smalley is offline
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Quote:
Originally Posted by Plinker View Post
Search the following fee-only advisor sites:
Napfa.org and Garrettplanningnetwork.com

These advisors will often agree to an hourly charge for services rendered.
The advisors that have solicited me in The Villages are all fee-based and have no interest in charging an hourly fee. They want to sell you an annuity and charge high AUM fees.
Or, as an alternative, contact Vanguard or Fidelity.
Vanguard only offers advice on a percentage basis. We had a meeting with such an advisor this morning and we passed on it when we heard that they only offered the percentage basis.
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Old 08-30-2023, 04:24 PM
Robbb Robbb is offline
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Vanguard only offers advice on a percentage basis. We had a meeting with such an advisor this morning and we passed on it when we heard that they only offered the percentage basis.
Yea I used Vanguard for a few years, they did an ok job, but they insist on, what I feel is a high percentage, of foreign stocks and bonds. Their overall fee was only .3% which is very low, but their totally cookie cutter approach 60/40 was something I can do myself.
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Old 09-02-2023, 03:21 PM
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Originally Posted by Gigi3000 View Post
I know one in Ohio. She is under the Garret Planning network and came highly recommended. She gave me exactly what i asked for. She does phone consults. Lemme know if you would like her info. She is a fiduciary. I investigated all this last year. I'll go ahead and put her name here as i may not be online for a few days. Its Som Hanvanich in Kettering Ohio.


Thank you. She has an impressive and detailed website. From reading through it, it looks like she is the real deal.

I looked for a fee-only advisor several years ago. I finally found one who claimed to be, but he wanted to be paid on a retainer basis. I did not want to do that.

I remember you had a lot of questions a while back. I am glad to know you found an actual fee-only advisor. Looks like they really do exist.

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Old 09-02-2023, 04:07 PM
Boomer Boomer is offline
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Originally Posted by Stu from NYC View Post
Neighbor was just there and they pushed annuities at him very strongly.
Interesting. My Fidelity contact (up north) would not dare.

Interesting. But not surprising.

My guess is it was a young man out to make his fortune fast, thinking TV is full of live ones just waiting to hang on his every word of financial "knowledge, so he went for the gusto. HAH!

(Did I guess right?)

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Old 09-02-2023, 05:03 PM
kkingston57 kkingston57 is offline
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Originally Posted by Robbb View Post
Yea I used Vanguard for a few years, they did an ok job, but they insist on, what I feel is a high percentage, of foreign stocks and bonds. Their overall fee was only .3% which is very low, but their totally cookie cutter approach 60/40 was something I can do myself.
Had a retirement/401k through Vanguard and it was invested in a 2020 retirement goal plan. Crazy. It peaked in 2020 and dropped big time in 2022 and stayed down.
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Old 09-02-2023, 06:37 PM
Caymus Caymus is offline
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Had a retirement/401k through Vanguard and it was invested in a 2020 retirement goal plan. Crazy. It peaked in 2020 and dropped big time in 2022 and stayed down.
It probably held a high percentage of bonds.
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