Are you an investor being held hostage by a “Big Brokerage”?
Did you know only 6% of advisors are truly independent from Big Brokerage, making them the only legitimate source of objective investment advice, that is, unbiased to particular products or services? These are fee-only advisors – meaning they don’t sell anything.
Want to be truly liberated? Find a Fee-Only planner for starters – this way, you’ll never be sold anything ever again – and especially not something that puts a fat commission in the advisor’s pocket. A Fee-Only planner will also ensure a fiduciary standard that no other financial advisor can attest to. How? Go to NAPFA.org for a professional in your area.
Don’t be fooled – “Fee-Based” is NOT the same as Fee-Only.
Don’t give in to bigger = better. Simply rid yourself of the idea that you have to be a big, substantial account to (a) have your fees lowered or (b) get attention from your advisor.
Find an advisor that offers the same rate to everyone and that manages all accounts at one time versus offering optimum investments or timing to larger accounts.
Ask for fee schedules and find an advisor who will offer a flat fee for all levels of assets. If you don’t find it, ask the advisor you want for that pricing.
Lastly, find an advisor who has an unwaveringly disciplined investment methodology with a strong foundation in data/facts and NOT analytical opinion (which is mostly flawed by emotion).
Buy and hold is dead; long gone are the days (like 2008) when investors were told to hold on, and that their investments will come back. They lost as much as 20+% in conservative bond mutual funds. Find an advisor who subscribes to a tactical approach and not buy and hold.
Join the investor movement. LIBERATE yourself from conflicts of interest, excessive fees and poor advice.