Who uses a financial advisor?

[TallTexan]

Yes, go to bed with her every night

[kumathebear]

I don't have one and never have used one, so my comment is just from experience in land sales. I've lost a couple of sales over the years when the buyer checked with their advisor who told them to NOT buy? So, the other side of the story....one of my colleagues just sold over $400K of lots to a advisor who works with several professional athletes in the DFW area. At least with this person, he saw the value of investment AND plans to build and work from his new country purchase??

Just my 2 cents....it's a maze so good luck in deciding??

[PROD49]

"It is difficult to get a man to understand something, when his salary depends upon his not understanding it"

I use that quote all the time!

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[Mike Murphey]

I use a company out of PA, LPL Financial....pm me if you want his number

[Burnadell]

Fist thing ANYONE needs to do is head to the FINRA website and look up the advisor you are planning to talk to. This will list everyone with an active Series 7 and other applicable license. Also, you can look up work history, any client disputes, etc. If they aren't on the FINRA site, keep looking for someone.

Lots of people out there acting the part while in reality only trying to pimp out annuities and insurance.

Agreed

Agreed - I'm happy to analyze (free of charge) if your willing. If interested shoot me a pm and I can get you my contact.

I simply have my clients fill out transfer request forms.

shollandatx, you have been "soft selling" on here and other forum's and holding yourself out as a financial advisor, but I cannot find that you are registered as a Financial Advisor with the proper authorities, nor can I find that you hold any securities licenses. Can you enlighten us?

[Black Ice]

shollandatx, you have been "soft selling" on here and other forum's and holding yourself out as a financial advisor, but I cannot find that you are registered as a Financial Advisor with the proper authorities, nor can I find that you hold any securities licenses. Can you enlighten us?

[emoji102]


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[Charles]

shollandatx, you have been "soft selling" on here and other forum's and holding yourself out as a financial advisor, but I cannot find that you are registered as a Financial Advisor with the proper authorities, nor can I find that you hold any securities licenses. Can you enlighten us?

rut row...

[rebelbow]

i use a wells fargo advisor and i i'm fairly satisfied

[shollandatx]

shollandatx, you have been "soft selling" on here and other forum's and holding yourself out as a financial advisor, but I cannot find that you are registered as a Financial Advisor with the proper authorities, nor can I find that you hold any securities licenses. Can you enlighten us?

No problem - I'm a financial strategist/case builder. Our firm manages around 700MM across the country and was just featured in Texas Monthly. I simply work behind the scenes case building/illustrating. I never once claimed to be an "Advisor". However, my understanding of the complexities behind building a financial plan (as it relates to performance) is what pays my bills. For the record, I haven't solicited ONE product on here or any other forum (not sure where that came from).

[Burnadell]

No problem - I'm a financial strategist/case builder. Our firm manages around 700MM across the country and was just featured in Texas Monthly. I simply work behind the scenes case building/illustrating. I never once claimed to be an "Advisor". However, my understanding of the complexities behind building a financial plan (as it relates to performance) is what pays my bills. For the record, I haven't solicited ONE product on here or any other forum (not sure where that came from).

Your profile lists your occupation as "Financial Advisor".

I didn't say you solicited any product.

[ntxshooter]

Got out of using one when I realized how easy it is to do on my own. Outside of my 401k, I Buy low cost index funds. Easy as can be and what money I was losing in fees is now working for me. No market timing, no trying to beat the market (you won't over the longrun), no trying to guess which stocks to buy...just low cost index funds.

[shollandatx]

Your profile lists your occupation as "Financial Advisor".

I didn't say you solicited any product.

Point taken - Didn't even realize that was public - Simply thought the forum administrator was interested in your "industry" upon registration.

You claim I'm "soft selling" - all I did was offer to analyze a TBH's statements for fees. This is what I do day in and day out, among other things.

Gotta say, it's threads like this that make me want to ditch my membership. I have quite a few really good friends on here, but hell, I never thought I'd catch so much flack for bringing awareness to a subject.

[Gone to Texas]

A friend is trying to convince me to use a guy he has been using for a few years. I'm skeptical. I do ok on my own but always looking to improve. I'm 27 and keep at least 5 figures in savings and put into my 401k a fair bit (75k in the last 4 years). Is a FA worth it? I need to talk to him but my buddy said he charges 1%. What's the going rate, what do I look for etc. And if I recall, there's a few members here who do that line of work.
Thanks in advance.

I personally don't like financial advisors. I am sure there are several qualified ones out there. However, typical training is about 30 days then its off to getting clients. Remember, they get paid if you make money or lose money, they could care less what happens they just want you to invest.

I really like Watermark Real Estate for investments. They do commercial Real Estate and they only take commission on what is earned, not what you invest so they are really motivated to make money. Also, it's run by a couple of Christian boys originally from Texas.

Just my opinion.

[JeffJ]

No problem - I'm a financial strategist/case builder. Our firm manages around 700MM across the country and was just featured in Texas Monthly. I simply work behind the scenes case building/illustrating. I never once claimed to be an "Advisor". However, my understanding of the complexities behind building a financial plan (as it relates to performance) is what pays my bills. For the record, I haven't solicited ONE product on here or any other forum (not sure where that came from).

Your profile very much says you are a Financial Advisor, and if you aren't you have been doing a VERY good job at not so subtlety promoting or advertising yourself as one. Question that should fill in a lot of holes: What license related to the industry DO you hold in good standing?

[ktex]

Your profile lists your occupation as "Financial Advisor".

I didn't say you solicited any product.

This is the post to beat for 2017.