Where can I find a financial advisor? Looking to find one for my father as his finances have gotten too complex for me. Definitely want one you pay by the service. submitted by /u/what_duck

Financial advisor for college students? Looking for a financial advisor as a college student for student loans, debt relief, and advice. I have banking with BOFa, Chase, Logix, and AMEX (Hys.) What company would one recommend for meeting with an advisor? submitted by /u/chocolatechip1233

My sister recommended me to an advisor. I think he’s just an insurance agent. Advice? Hey y’all, I’m 31 and just recently came into a large sum of money. $250,000 total through a life insurance payout. I’ve never touched this amount of money in my life. Neither me nor my parents nor grandparents. My sister uses a guy for finances so I thought I should try him out. I’ve spoken to him a couple times, nice guy, but the conversation …

Got fired by personal advisor! I moved out of state and they kindly said I was their only client so I must go. I could just go with the same company in my state. I am 50yrs old, debt free except for mortgage, have 450,000 in retirement savings in work plan. They control $125,000 in Roth IRA and $25,000 in traditional. I am thinking about doing it myself but I do dumb stuff. W…

How to find an advisor who does not take percentage? I am looking for some financial advice from an advisor but on an hourly rate. I have searched for fee based advisors, but all of those locally also charge a percentage of the money they manage. And if I find somebody who offers more of a consultation, it nearly always includes a financial plan, which I am not interested or need (and again, a per…

Financial Advisor after getting diagnosis of terminal cancer. Hi all, I (47M) was diagnosed with Stage 4 cancer a few months ago and am now working on trying to get my finances and other affairs in order. I’m lucky enough that I was able to go onto Short term Disability through my work, and also long term disability. I’ve been diligent on planning for retirement but with this news where I might have betwee…

My parents need a Financial Advisor. Who do they contact? My parents are 71 and 58. Still working. $150k combined income. $45k credit card debt (21%-30% APR across 18 card balances) Owe $500k on house worth $700k. HCOL area. $120k in parent plus student loans. $10k total in liquid cash. They need a new car. — Just a high level overview. My mother will also get a pension (I think it pays like $2.5k…

Looking to get away from Northwestern Mutual Financial Advisor Hi- I (F26, single) got stuck in the Northwestern Mutual advisor trap after being referred by a friend of a friend right out of college without knowing anything about investing. I currently have a small amount of money (

Left job, was contacted by financial advisor and would like your advise I left my job about a month ago and have about $55000 from my 403b there that I’d like to convert into a Roth IRA. I was contacted by a financial advisor who said he works in tandem with my previous job help set up a transfer. They said that their rates are 1.59%, but with 1% I see being the average for most cases, is it worth it, or should I lo…

Is our financial advisor screwing us? Need insight and advice I feel like we may be getting shafted by our financial advisor and unsure what to do next. Some background info: My brother and I inherited a $1 million that was put in a trust in 2018. Since my brother and I were young and dumb, my mom was appointed as the caretaker of the trust and she gave it to here trusted financial advisor to invest/manag…

Help! My grandfather has never had a financial advisor, did everything himself. Now dementia is setting in. My grandfather is an old school engineer that was always set on doing things himself, the right way. Now he is 87 and has Parkinson’s/dementia. My grandmother and mom are trying to sort through all his finances and investments to try and consolidate everything in case they need to get money out to help with home heath care. They have asked me (3…

Is my “financial advisor” actually my financial advisor? I’m almost certain that I’m being taken advantage of. Forgive me for the long background, there’s a TL;DR at the end. A couple years ago I was still in the Navy. I was a submarine electrician on recruiting orders, so even though I wasn’t going to be recruiting for my whole career, I was temporarily one of those guys who went to high schools and …

I think my Edward Jones advisor is not being honest. $30+K missing. What professional can I sit down with and share my documents with to confirm or deny this? (more in comments) I came into a family inheritance from EJ and was only offered one option… to create an individual account with EJ. My advisor transferred mutual funds from the Trust into my individual account and then converted those funds into different ones “to better reflect my personal goals.” I was never told how much I would be inheriting and the first…

Is my financial advisor trying to mind trick me? I said I’m cancelling the whole life insurance policies that he signed me up for. A cancellation department said I had a whole life insurance policy, which they are going to cancel… But corporate also found another whole life insurance policy that was under my name. They said it didn’t have a signature/ a record of me signing it, so they’re sen…

Advisor says ‘Borrow money’. I have money. I’m buying a new house before I sell my current house. My advisor wants me to use my heloc on my current home (which is at prime -1%) instead of using my brokerage account (invested money, not a 401k or Roth). I’m in a hot market and my house will sell quickly. So, does it make sense to borrow money at 7.5% when I could just temporarily take it …

How to evaluate a financial advisor’s performance? Background: I opened and started maxing out my Roth in late 2020. Additionally, one of my good friends gave me the name of a financial advisor he, and his family, use. They gave him good praises, so I figured I would give him a shot. Since then, my balance pretty much averages at break even. I am currently only up a few hundred over my contribut…

How do I move my IRAs from my current financial advisor to my Fidelity account? Hey All, I currently have a 401k and HSA through Fidelity that is getting active deposits from my current employer. I have my old 401k (which is now rolled into an IRA), as well as a somewhat new Roth IRA with a financial advisor in non Fidelity accounts. I feel like I would prefer to self manage the IRA and Roth IRA that is currently being mana…

I think my financial advisor is asleep at the wheel I found this sub and see that basically I’m an idiot for getting a financial advisor. Until now I’ve kept my head down thinking that I shouldn’t mess too much and react to the market. Just send my $5k/month to him and let it work. My app got a new feature that shows me a breakdown of performance versus my contributions and I see the following: O…

My financial advisor is pushing managed funds. Are they receiving commissions? I have expressed my belief that managed funds rarely exceed an index due to their high costs. Our FA continues to advocate for them. We have a mix of low Expense Ratio and high Expense Ratio funds in the portfolio they chose for us. Our biggest holdings are in ESGU (Expense ratio: 0.15), IUSG (0.04), PRBLX (0.82), CEYIX (0.65), YLDE (0.60), IUSV…

Investment Advisor Two Prime Sees $2B in Demand for Bitcoin-Backed Loans “We have seen about $2 billion in demand for bitcoin-secured loans since we started offering them in September, ” Two Prime’s Alexander Blume said.