Comments on: How To Find A Good Financial Advisor Part 2 http://www.thefinancialblogger.com/how-to-find-a-good-financial-advisor-part-2/ This is where your finance takes place Tue, 16 Mar 2010 09:31:45 +0000 http://wordpress.org/?v=2.9 hourly 1 By: Carnival of Personal Finance - Time to Give Lots of Link Love! | Fix My Personal Finance - Personal Finance Advice - Money Management Advice http://www.thefinancialblogger.com/how-to-find-a-good-financial-advisor-part-2/comment-page-1/#comment-2826 Carnival of Personal Finance - Time to Give Lots of Link Love! | Fix My Personal Finance - Personal Finance Advice - Money Management Advice Tue, 29 Jul 2008 08:03:38 +0000 http://www.thefinancialblogger.com/how-to-find-a-good-financial-advisor-part-2/#comment-2826 [...] The Financial Blogger gives us part two of a series on how to find a good financial advisor. [...] [...] The Financial Blogger gives us part two of a series on how to find a good financial advisor. [...]

]]> By: The Financial Blogger | How to Find a Good Financial Advisor Part 4 http://www.thefinancialblogger.com/how-to-find-a-good-financial-advisor-part-2/comment-page-1/#comment-2787 The Financial Blogger | How to Find a Good Financial Advisor Part 4 Wed, 23 Jul 2008 10:02:09 +0000 http://www.thefinancialblogger.com/how-to-find-a-good-financial-advisor-part-2/#comment-2787 [...] side) due to your lack of knowledge in specific fields. I started this series talking about honesty and integrity, then I suggested your advisor should be proactive. Then I got more specific in the type of [...] [...] side) due to your lack of knowledge in specific fields. I started this series talking about honesty and integrity, then I suggested your advisor should be proactive. Then I got more specific in the type of [...]

]]> By: The Financial Blogger | How to Find a Good Financial Advisor Part 3 http://www.thefinancialblogger.com/how-to-find-a-good-financial-advisor-part-2/comment-page-1/#comment-2695 The Financial Blogger | How to Find a Good Financial Advisor Part 3 Wed, 09 Jul 2008 10:01:59 +0000 http://www.thefinancialblogger.com/how-to-find-a-good-financial-advisor-part-2/#comment-2695 [...] have still more things to say about how to find a competent and honest financial advisor but I will keep it for other posts. Stay [...] [...] have still more things to say about how to find a competent and honest financial advisor but I will keep it for other posts. Stay [...]

]]> By: The Carnival of Personal Finance: American Flag Edition | Mighty Bargain Hunter http://www.thefinancialblogger.com/how-to-find-a-good-financial-advisor-part-2/comment-page-1/#comment-2674 The Carnival of Personal Finance: American Flag Edition | Mighty Bargain Hunter Mon, 07 Jul 2008 06:59:27 +0000 http://www.thefinancialblogger.com/how-to-find-a-good-financial-advisor-part-2/#comment-2674 [...] The Financial Blogger gives us part two of a series on how to find a good financial advisor. [...] [...] The Financial Blogger gives us part two of a series on how to find a good financial advisor. [...]

]]> By: Transcendental Success http://www.thefinancialblogger.com/how-to-find-a-good-financial-advisor-part-2/comment-page-1/#comment-2668 Transcendental Success Sat, 05 Jul 2008 19:31:17 +0000 http://www.thefinancialblogger.com/how-to-find-a-good-financial-advisor-part-2/#comment-2668 What do you need to manage with a 5-10K net worth? Not that 5-10K ... if you have a big income then maybe but there is nothing you can do with 5-10K that requires a financial adviser. Just read some blogs or borrow a book from the library. What do you need to manage with a 5-10K net worth? Not that 5-10K … if you have a big income then maybe but there is nothing you can do with 5-10K that requires a financial adviser. Just read some blogs or borrow a book from the library.

]]> By: The Financial Blogger http://www.thefinancialblogger.com/how-to-find-a-good-financial-advisor-part-2/comment-page-1/#comment-2667 The Financial Blogger Sat, 05 Jul 2008 12:39:00 +0000 http://www.thefinancialblogger.com/how-to-find-a-good-financial-advisor-part-2/#comment-2667 Hey TKO, Technically, anybody that is not in the financial services industry should seek the advice from a financial advisor. However, The problem with regular big banks is that you will get access to quality advice only if you are a "quality client". Therefore, you would need about 100K to invest or be making more than 100K a year. However, you can find really good financial consultant with investment companies such as Investors Group. Since they are paid on a commission basis, they will more likely to take anyone who is interested in their services. I am preparing a post on questions to ask to your financial advisor to make sure he is a good one. It will be live next week :-) Hey TKO,

Technically, anybody that is not in the financial services industry should seek the advice from a financial advisor. However, The problem with regular big banks is that you will get access to quality advice only if you are a “quality client”. Therefore, you would need about 100K to invest or be making more than 100K a year.

However, you can find really good financial consultant with investment companies such as Investors Group. Since they are paid on a commission basis, they will more likely to take anyone who is interested in their services.

I am preparing a post on questions to ask to your financial advisor to make sure he is a good one. It will be live next week :-)

]]> By: TKO from Ontario http://www.thefinancialblogger.com/how-to-find-a-good-financial-advisor-part-2/comment-page-1/#comment-2665 TKO from Ontario Sat, 05 Jul 2008 02:48:45 +0000 http://www.thefinancialblogger.com/how-to-find-a-good-financial-advisor-part-2/#comment-2665 Greetings from Ontario FB, At what point would you recommend a person to get a financial advisor? $5 - 10K Net Worth? I have a sibling that is a 'financial liability'. (Too careless to save, too stubborn to listen, too clueless to budget.) Wouldn't a Money Coach or head transplant be better? Pls advise, Greetings from Ontario FB,

At what point would you recommend a person to get a financial advisor?
$5 – 10K Net Worth?

I have a sibling that is a ‘financial liability’.
(Too careless to save, too stubborn to listen, too clueless to budget.)
Wouldn’t a Money Coach or head transplant be better?

Pls advise,

]]> By: Transcendental Success http://www.thefinancialblogger.com/how-to-find-a-good-financial-advisor-part-2/comment-page-1/#comment-2663 Transcendental Success Fri, 04 Jul 2008 20:10:04 +0000 http://www.thefinancialblogger.com/how-to-find-a-good-financial-advisor-part-2/#comment-2663 Well, there was one realtor who impressed me most of all once. He showed me a house that was for sale by owner (and therefore he would get zero commission) and he refused to let me offer what I wanted to offer for a house, saying that he could get it for me for less. Which he did. In both cases he was suggesting something that was better for me and worse for him on the surface. Of course now I can't recommend him enough so I hope he got more business from others because of his good deeds. Well, there was one realtor who impressed me most of all once. He showed me a house that was for sale by owner (and therefore he would get zero commission) and he refused to let me offer what I wanted to offer for a house, saying that he could get it for me for less. Which he did. In both cases he was suggesting something that was better for me and worse for him on the surface. Of course now I can’t recommend him enough so I hope he got more business from others because of his good deeds.

]]> By: The Financial Blogger http://www.thefinancialblogger.com/how-to-find-a-good-financial-advisor-part-2/comment-page-1/#comment-2662 The Financial Blogger Fri, 04 Jul 2008 12:54:41 +0000 http://www.thefinancialblogger.com/how-to-find-a-good-financial-advisor-part-2/#comment-2662 Proactive calls are part of a good advisor habits. Unfortunately, too many of them are too busy drinking coffee. Financial advisors should be there to help you save money. Off course they will offer you "their" solution which they make profit from. However, it doesn't mean that it is not good for you:-) In the end, if you save money and he made money out of it, it's a win-win situation. This is the way it should be done :-D Proactive calls are part of a good advisor habits. Unfortunately, too many of them are too busy drinking coffee.

Financial advisors should be there to help you save money. Off course they will offer you “their” solution which they make profit from. However, it doesn’t mean that it is not good for you:-) In the end, if you save money and he made money out of it, it’s a win-win situation. This is the way it should be done :-D

]]> By: Transcendental Success http://www.thefinancialblogger.com/how-to-find-a-good-financial-advisor-part-2/comment-page-1/#comment-2661 Transcendental Success Fri, 04 Jul 2008 12:47:12 +0000 http://www.thefinancialblogger.com/how-to-find-a-good-financial-advisor-part-2/#comment-2661 I was once impressed by my banker at RBC when he called me after looking through my file and noticing that I had a large balance on my credit card. He told me that I was paying too much interest that way and we could move it to my LOC. Very surprising and impressive. He didn't know that I was using a 1% promotional rate temporarily, therefore he was trying to SAVE me money! This guy was moved out of that position within a few months. The next guy never calls or replies to questions. I was once impressed by my banker at RBC when he called me after looking through my file and noticing that I had a large balance on my credit card. He told me that I was paying too much interest that way and we could move it to my LOC. Very surprising and impressive. He didn’t know that I was using a 1% promotional rate temporarily, therefore he was trying to SAVE me money!

This guy was moved out of that position within a few months. The next guy never calls or replies to questions.

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