I am thinking of securing the services of a fee-only financial planner. What should I expect to pay?

I am thinking of securing the services of a fee-only financial planner. What should I expect to pay? Asked by eegoings 50 months ago Similar questions: thinking securing services fee only financial planner expect pay Business > Financial Planning.

Similar questions: thinking securing services fee only financial planner expect pay.

Median fees are $100 per hour; $700 for a comprehensive financial plan; $300 for a plan that covers specific areas. The National Association of Personal Financial Advisors is the nation’s leading organization of Fee-Only comprehensive financial planning professionals. Their website at napfa.org contains many tips and tools for the consumer and has a search engine for finding a fee-only financial advisor in your local area.

Sources: financialplan.about.com/cs/fpprofessiona... .

This is my opinion but I have done a lot of research and $175/hour seems to be common. I did a lot of research on this, and although it can vary, $175/hour seems to be reasonable. That number might jump out and seem scary, but it almost always will be a better deal than a commission-based plan.

From all of the research I did, the follow passage does a very good job of putting into perspective a $175 per hour plan compared to a commission based-plan. Here it is:Compensation and EfficiencyA common misperception is that financial advisors provide their services for free. Most investors give little thought to the hidden costs they pay when an advisor recommends stocks and later receives a commission when investors buy in, or when an expert mutual fund manager picks stocks for a fund that charges significant management fees or front or rear loaded payments.

Consider this: making a $50,000 investment in a fund with 5% load would translate into the equivalent of more than 14 hours of portfolio planning undertaken by a fee-only advisor at $175 per hour! If you were to hire an advisor for 14 hours at that rate, you could expect him or her to accomplish a great deal of work that would produce a more balanced portfolio, returning a potentially higher rate than the loaded mutual fund. The fee-only type of compensation provides investors with the opportunity to get more service out of the money they spend on professional advice and stock-picking expertise.

Hope this helps! Sources: This is my opinion.

Typically 1% of your investable assets. Most fee only financial advisors charge 1% of the money you place with them. Try to avoid an advisor who uses only one family of mutual funds.It’s best to hire an advisor who can use any mutual fund family.

1 Don't ... I've been there, done that ... not a good option. Instead, I'd recommend getting a membership into betterinvesting.org or similar sites, reading a bit of their educational material, then doing it yourself. MUCH better results!

Not real difficult to produce 15+ percent gains per year ... and it bypasses the fees and BS of the so-called expert.

Don't ... I've been there, done that ... not a good option. Instead, I'd recommend getting a membership into betterinvesting.org or similar sites, reading a bit of their educational material, then doing it yourself. MUCH better results!

Not real difficult to produce 15+ percent gains per year ... and it bypasses the fees and BS of the so-called expert.

. Anyone know the title? " "Who is a financial planner & how much do they charge in avg?

" "Any one know a good financial planner (retirement) in Albuquerque area?" "Financial Planning for a Sizable Windfall" "Have you ever reported someone to social services for financial exploiting an elderly person? " "Can you tell me where to find books on understanding the financial services industry" "Can Obama expect any Republican votes when it comes to passing financial reform? " "Could anyone recommend a good fee only financial planner" "new book by financial planner re: zen of money or something like that.

Can you tell me where to find books on understanding the financial services industry.

Could anyone recommend a good fee only financial planner.

New book by financial planner re: zen of money or something like that.

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.