[Aruca]

Looking for a" Fee Only" Financial Advisor to review my portfolio.
My husband just passed away and use to handle all of our funds.
Need advise whether to hold or consolidate funds. Thanks for helping.

[luvmagic2]

Coert van voorhees at Ameriprise in southern trace is mine.. 352-350-2396

[Linda & Charlie-MI49090]

We use Jeffrey Wegener @ Schwab he's also a fudicary (sp?). He's very good and we've had great results.

[JourneyOfLife]

Here is some resource information on that very subject from the National Association of Personal Financial Advisors (NAPFA).

They have a guide for that purpose along with some checklists... what questions to ask, etc.

Resources - NAPFA - The National Association of Personal Financial Advisors


Who they are: About Us - NAPFA - The National Association of Personal Financial Advisors


Here is a link to the FINRA (Financial Industry Regulatory Authority) web site. there is a lot of education information and things to consider.

Investors - FINRA


Here is a link to the FINRA BrokerCheck Tool

BrokerCheck is a free tool to help investors research the professional backgrounds of current and former FINRA-registered brokerage firms and brokers, as well as investment adviser firms and representatives.

You can use the tool to look up people and companies and download a report about them. Amongst all of the information listed on the report, be sure to check for complaints and regulatory actions.

BrokerCheck: Research Brokers & Investment Advisers - FINRA


Plus...


Some Mutual Fund Companies, like Vanguard, have Investment Advisory Services where customers can get the help of a CFP for a review. Of course, Vanguard requires the investor to have a certain level of investments at Vanguard. The cost for a CFP review depends on the amount of money invested with them (e.g., low fee or free )

If you are satisfied with your mutual fund company, you could ask them what they offer with regard to CFP type services.

I put a link to the vanguard page just as a point of reference so you can see what I was trying to describe.

https://investor.vanguard.com/what-w...elect-services

[Aruca]

Thank you for helping me educate myself . I don't want to make the wrong moves or decisions.

[billethkid]

Wells Fargo Securities consultants are fee based.
They do have local representatives.

[Aruca]

I have been told "Fee Based" is not "Fee Only"
and that Fee Only is the way to go. ???

[JourneyOfLife]

Originally Posted by Aruca

I have been told "Fee Based" is not "Fee Only"
and that Fee Only is the way to go. ???

They are different in terms of sources of compensation and it is confusing.

The word Financial Adviser is used rather loosely too. Certifications, the services offered can vary, etc.

[Aruca]

Life was suppose to be easy in The Villages

[Villageswimmer]

Originally Posted by Aruca

Looking for a" Fee Only" Financial Advisor to review my portfolio.
My husband just passed away and use to handle all of our funds.
Need advise whether to hold or consolidate funds. Thanks for helping.

Please take your time. Really understand any changes before taking action. I wish you the best during this difficult time.

[gomoho]

Sent you a PM

[JourneyOfLife]

This type of decision is not like buying a Television set! I think you realize it or are beginning to realize it.

Be patient, try to not get frustrated and avoid taking short-cuts in your research.

IMO, It would be very wise to take some time and do your homework and due diligence effort!

[manaboutown]

Although it will probably be difficult for you at this juncture of you life, take your time in selecting a financial advisor. Be diligent. Thoroughly check out their backgrounds for any past issues with clients or the handling or client funds as well as their professional performance records.

[rubicon]

Originally Posted by Aruca

Looking for a" Fee Only" Financial Advisor to review my portfolio.
My husband just passed away and use to handle all of our funds.
Need advise whether to hold or consolidate funds. Thanks for helping.

Arcua: Be sure whomever you employ makes full disclosure. for instance they may be fee only but some advisors also broker out to other companies and work those deals on commission. also never tell you if there are other fees, etc nor do they disclose if their fees are negotiable .

Good Luck

[Aruca]

I just received a letter from Prudential saying that an account is being ceased. My options are they will reinvest into a MM Account or I can withdraw without penalty but must do it by April 14th.
Im thinking of taking it out and putting it into a Vanguard fund until I get together with an advisor. I feel pressured with this account!

Originally Posted by rubicon

Arcua: Be sure whomever you employ makes full disclosure. for instance they may be fee only but some advisors also broker out to other companies and work those deals on commission. also never tell you if there are other fees, etc nor do they disclose if their fees are negotiable .

Good Luck