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New blog article: How to Find and Vet a Financial Advisor

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Elizabeth_FICO
myFICO Employee

New blog article: How to Find and Vet a Financial Advisor

Hello everyone! If there's a new blog article that I think you guys might like I plan on posting it in the Forums.

 

This week's article is: How to Find and Vet a Financial Advisor

 

Let me know what you think about the article.

 

For more content don't forget to check out our blog.

Message 1 of 5
4 REPLIES 4
SeaProbe
Regular Contributor

Re: New blog article: How to Find and Vet a Financial Advisor

Good article that covers all of the bases.

 

On point to emphasize: the only way to be sure the advisor is putting you first is with a fee only structure. No commission, no conflict of interest, nothing to compete with your own interests.

 

Remember: "Only fee only"

Message 2 of 5
SweetCreditObsession
Valued Contributor

Re: New blog article: How to Find and Vet a Financial Advisor

@Elizabeth_FICO, I appreciated this article. This particular topic is especially important given the number of people that are getting involved in specific financial products for the first time, e.g., crypto, stocks, etc.

 

I think it's a good starting point.

 

Thanks for sharing.



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Message 3 of 5
acreditdummy123
Regular Contributor

Re: New blog article: How to Find and Vet a Financial Advisor

Thanks elizabeth fico. and i'm liking the new staff overhaul.  Smiley Happy

❤️ Am a peaceful, positive person. Credit scores: Amazing and higher than most. AAoA: Superb. No lates. No delinquencies.

The past is the past. I'm a completely new person now as of 3/6/23
Message 4 of 5
Anonymous
Not applicable

Re: New blog article: How to Find and Vet a Financial Advisor


@SeaProbe wrote:

Good article that covers all of the bases.

 

On point to emphasize: the only way to be sure the advisor is putting you first is with a fee only structure. No commission, no conflict of interest, nothing to compete with your own interests.

 

Remember: "Only fee only"


Right, but as it suggested, Fee Only covers some different things.  I am currently choosing between two advisors, and one big filter is for financial planning, I don't want to use AUM  (for planning, if I want them to run my investments, that's OK).   Hourly and/or project-based seem to me to be the ways to go

Message 5 of 5
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