U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Virginia > Northern Virginia
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 02-14-2008, 11:17 AM
 
Location: Haymarket, Va
621 posts, read 2,926,315 times
Reputation: 390

Advertisements

Can anyone recommend a financial advisor or company that they have been pleased with? Also, if anyone has had any bad experiences with a certain person or company? Any help is appreciated-Thanks!
Reply With Quote Quick reply to this message

 
Old 02-14-2008, 11:53 AM
 
Location: Gainesville, VA
566 posts, read 2,756,234 times
Reputation: 150
I have one in the area you'll be moving to....PM me if you want the contact info.
Reply With Quote Quick reply to this message
 
Old 02-14-2008, 12:13 PM
 
Location: Richmond, VA
2,306 posts, read 1,370,305 times
Reputation: 949
We use Ameriprise Financial
Reply With Quote Quick reply to this message
 
Old 02-14-2008, 12:17 PM
 
19 posts, read 59,674 times
Reputation: 11
I have a related question--do financial planners work by the hour or on some other kind of fee scale? What's typical? What works best?
Reply With Quote Quick reply to this message
 
Old 02-14-2008, 01:14 PM
 
7,968 posts, read 18,078,632 times
Reputation: 2593
The

Quote:
Originally Posted by ManWithoutQualities View Post
I have a related question--do financial planners work by the hour or on some other kind of fee scale?
YES!

There are fee-based financial planners that work by the hour and/or for certain services. The best thing about them is that they have no bias towards any particular companies and are most likely to take your aspirations in account. However, they are not inexpensive.

Then there are companies like Ameriprise (formerly Amex Financial Advisors), Prudential and banks who hire commisioned financial advisors. They won't take any money from you upfront... but some part of the management fee you pay for your account will go towards their commission. Also they are likely to be biased if not exclusively interested in selling their own products.

Quote:
What's typical? What works best?
That really depends on your situation. It probably helps to do some of your own research beforehand in either case. So you will either minimize the time spent with the fee-based advisor or feel comfortable knowing that you will be steered towards the proprietary products of the commissioned advisor.

You might find even more informed advice over on our Business and Finance forum.

Business and Finance - City-Data Forum: Relocation, Moving, Local City Discussions
Reply With Quote Quick reply to this message
 
Old 02-14-2008, 03:50 PM
 
Location: Richmond, VA
2,306 posts, read 1,370,305 times
Reputation: 949
Maybe some are biased about selling their own products, but Ameriprise is not...at least not the advisors we have worked with. (we have moved a lot and have had to switch within the company)
Reply With Quote Quick reply to this message
 
Old 02-14-2008, 05:25 PM
 
Location: Haymarket, Va
621 posts, read 2,926,315 times
Reputation: 390
I've heard good things about ameriprise. I used to know a guy that worked for them, but that was before I ever needed any financial planning lol, so I never really talked to him about it.
Reply With Quote Quick reply to this message
 
Old 02-14-2008, 07:40 PM
 
Location: Alexandria, VA
11,419 posts, read 20,254,648 times
Reputation: 16475
On a related note - does anyone know a title company that they recommend? I cold called a company in Old Town (Alex.) - spoke to him on the phone, thought we'd agreed to something that he was going to mail (he said it didn't need an office visit - flat fee to do a title thing) - never got anything or heard from him again...sigh
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2016 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Virginia > Northern Virginia
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top