What are you charged for financial planning or investment advice?
Many financial service providers seek their advice as being in financial free. But we all know that nobody makes anything for free. Aparently there is a number bewlidering of the senses in which financial experts make their money such as trading commissions, free time, taxes on the trailer, directors fees, taxes etc performance. I would hold an inquiry in line for measuring methods that most Y! Users can find answers and their views on each method or the method they prefer most. Thanks to take some time to answer my question.
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I am financial cunsultant and mutual fund distributor. i give advice free of cost and i can get low commission, if any one will invest in Mutual funds . i do it as social service
Many financial advisors will offer free consultations in the hope that you will decide to purchase investmenst products from them.
Although there are many commission-based advsiors who are excellent, there is a growing belief that using a fee-based advisor tends to eliminate any potential conflicts of interest. If an advisor charges a fee- either hourly or based on assets managed (i.e. 1% per year)- then there is no incentive to him to put you in high-commission products for his own gain. There should be no commissions with a fee-based advisor.
I pay nothing for advice and just use etrade for making any trades
I would prefer either to pay an hourly rate for thier advise or have them get paid through commission. I work as an analyst and I am a CFA candidate so I do all the homework on my own. I use scottrade do to all my investment transactions.
I don’t use a financial advisor myself, however if I did the last thing I would want is some jerk charging me for AUM. To me that seems like the least ethical way.
I think it depends on your exact situation I found my financial consultant at.