the Price of a Financial Planner

I paid $600.00 for financial servies. My financial advisor takes care of everything. He sets up IRAs, advises on the amount of life insurance, maintains my accounts and also trades stocks. He also advises me on work benifits on new jobs. He looks into stock options with my employer and advises if it is a good investment and how much I should invest. He was also extremly helpful in aiding me in buying my first home. He was able to look at my intake and out expenses and really advise me on a feasible mortgage amount.

I am extremly pleased with my financial advisor. I myself am not in the finace feild and I believe hiring an advisor helps me understand the long term committment to saving. Also I am young and he puts into to focus what I need to save now to retire at an early age. Also he advises on investments that if need be I can get to the money I have invested. For example he helped set up a high interest account which I used to save up money for a down payment on my first home, and withdrew with no penatly.

My tips for this would be to really look at the experience of the financial advisor. I previously had a young advisor with little experience and he made some poor finacial moves with my money. I got back all the money I paid for his fee, so if this happens and you stay with the same financial company, demand re-embursment for the fees you paid an unquialified advisor. Interview your advisor before you pay any fees. They should be willing to do this in order to understand your financial goals. If they will not meet with you for free, they are not the advisor you need.