In my experience, some Fidelity reps are decent and some are poor. While I would be willing to listen to any suggestions they might have, I would proceed with caution. Their financial incentives are not aligned with yours. If I wanted a financial advisor, I would get one outside of Fidelity.
Fee only, advice only advisors range from very good to poor. Many charge $400 an hour plus or $2000/$3000 plus for a one time financial plan. I think those services are worth it for someone who wants or needs that level of support and finds a good advisor.
A third option is a low cost fee only, advice only advisor, such as Mark Zoril (PlanVision), who many on this forum have found very helpful (myself not included). Mark will review your plan for under $300. Don’t expect it to be as in depth as a $3000 review.
A fourth option is to post your questions on this forum. You might be surprised at the quality of the responses you receive.
I think there are a lot of smart people on this forum who choose the second or third option and a lot who are comfortable with diy. It’s mostly personal preference.
I’ve talked to three different financial advisers over the past several years (and had two fidelity reps — one decent and one pretty bad), but I’ve been most influenced by my own research and the advice I’ve received on this forum. That being said, the advisers have proved useful at times. An advisor, for example, pointed out that I could claim a parent as a dependent on my taxes - which hadn’t occurred to me. The tax savings should more than offset the advisor’s modest fees.
Fee only, advice only advisors range from very good to poor. Many charge $400 an hour plus or $2000/$3000 plus for a one time financial plan. I think those services are worth it for someone who wants or needs that level of support and finds a good advisor.
A third option is a low cost fee only, advice only advisor, such as Mark Zoril (PlanVision), who many on this forum have found very helpful (myself not included). Mark will review your plan for under $300. Don’t expect it to be as in depth as a $3000 review.
A fourth option is to post your questions on this forum. You might be surprised at the quality of the responses you receive.
I think there are a lot of smart people on this forum who choose the second or third option and a lot who are comfortable with diy. It’s mostly personal preference.
I’ve talked to three different financial advisers over the past several years (and had two fidelity reps — one decent and one pretty bad), but I’ve been most influenced by my own research and the advice I’ve received on this forum. That being said, the advisers have proved useful at times. An advisor, for example, pointed out that I could claim a parent as a dependent on my taxes - which hadn’t occurred to me. The tax savings should more than offset the advisor’s modest fees.
Statistics: Posted by jaMichael — Mon May 20, 2024 11:31 pm — Replies 1 — Views 239