First, let me say thank you to everyone!! This forum is a wonderful tool!!
Second, I was curious if anyone knows of a good financial advisor or firm. One who will not only look at my current investments (i.e. want to take my money and set up addtl accts), but everything including my fico, ways to improve it, etc. I'd like to sit down with someone, and my husband, and make those necessary plans for the future, but don't want to waste my time with an Ameriprise rep who may not be qualified.
I thought perhaps those concerned with improving their fico scores might be in a similar situation and know of someone. I just want to speak to a qualified individual that can look at everything and tell me what I need to do to ensure I am on track in all financial aspects of my life.
You are correct, DO NOT PICK AMERIPRISE -- not (necessarily) because of lack of experience, but because of lack of objectivity in their recommendations of funds. There is a HUGE ($100 million, I think) class action lawsuit against them for steering investors towards funds that generated the biggest commissions for them rather than the best returns for investors.
Go with an advisor that is "fee-based" -- you pay an hourly rate or a fee based on your percentage of assets, regardless of what investments you purchase.
Message Edited by masdeocho on 06-06-200706:00 PM
----------------- Bartender, bring another round of FICOtinis please!
These are fee based planners, which, in my opinion, would be the way to go. They charge you a fee and make recommendations. They don't work for someone who wants them to push a certain stock or mutual fund product.
Fraz: Thank you so much. That is a wonderful website! I was able to enter my zip code and find people close to me. And the best thing of all is that I was able to check a box requesting that those individuals NOT contact me. That's exactly what I was looking for.
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.