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Looking for recommendations for a personal financial advisor available for fee for service. No contract.
Thanks in advance.
I have not used any of these folks, but it sounds like you want someone that charges on a per-hour or per-job basis. If so, start here Find An Advisor » Garrett Planning Network
For me, the best financial advisor is me. Call it good judgement or call it dumb luck, but my portfolio bounced back from the 2008 debacle faster than most. My secret is no secret at all. Being risk averse, I invest conservatively. This means accepting lower yields in exchange for less risk.
This may not apply to this group, but be aware that not everyone that provides financial advice has your best interest in mind - eg fiduciary responsiblity. The "Merrill Lynch rule" means brokers only have to make recommendations that are "suitable". They are free to recommend trades that make them commissions/higher commissions.
Ric Edelman has a good article on how to choose an advisor Financial Advisors
That's a good reason to choose a financial advisor who works on a flat-fee basis, as mentioned by OP.
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Thanks everyone! Yes, we are well aware of this and this is exactly why we want to hire someone fee for service who does not benefit from our investments.....just advise based on our portfolios, ages and remainder of time until retirement. We are currently with a large well known financial group affiliated with Duke (we both work there) but want sound personal advice from an outside source.
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