Not exactly. The fee based planner should have a "fiduciary responsibility" to only his client, meaning he doesn't get paid from what he advised client to buy. There's a whole spectrum of fee-only to fee/commission structures.03Lightningrocks wrote: ↑Tue Jan 21, 2020 2:47 pmA fiduciary is typically used to actually take charge of ones finances. It sounds more like the OP was actually looking for someone to simply advise him on financial planning. A simple financial planner is really all that would be needed for this.Lynyrd wrote: ↑Tue Jan 21, 2020 2:36 pmThe word you are looking for is fiduciary.oohrah wrote: ↑Tue Jan 21, 2020 1:21 pm Check out Scott Burns, financial columnist for the Dallas Morning News, and his Couch Potato Portfolio. Makes a lot of sense and you don't have to pay an agent who only works for commissions.
If you do decide to go to a financial adviser, make sure it someone you pay to look after your interest (there is an official term for this type of person which I can't remember), not a broker agent on commission.
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- Tue Jan 21, 2020 3:20 pm
- Forum: Off-Topic
- Topic: Looking for a financial planner
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