Comments on: How to Find the Best Financial Advisor: part 2 of 3 http://www.mmhabits.com/how-to-find-the-best-financial-advisor-part-2-of-3/ To Achieve... To Succeeed... Fri, 21 Nov 2008 11:16:46 +0000 http://wordpress.org/?v=2.6.3 By: Economic Stimulus Check and Windfalls @ The Carnivals http://www.mmhabits.com/how-to-find-the-best-financial-advisor-part-2-of-3/#comment-534 Economic Stimulus Check and Windfalls @ The Carnivals Wed, 27 Feb 2008 17:35:40 +0000 http://www.i-endeavors.com/2008/02/20/how-to-find-the-best-financial-advisor-part-2-of-3/#comment-534 [...] How To Find The Best Financial Advisor @ Millionaire Money Habits [...] [...] How To Find The Best Financial Advisor @ Millionaire Money Habits [...]

]]> By: Festival Of Frugality #114 http://www.mmhabits.com/how-to-find-the-best-financial-advisor-part-2-of-3/#comment-522 Festival Of Frugality #114 Tue, 26 Feb 2008 12:04:50 +0000 http://www.i-endeavors.com/2008/02/20/how-to-find-the-best-financial-advisor-part-2-of-3/#comment-522 [...] Millionaire Money Habits writes about how to find a financial adviser. [...] [...] Millionaire Money Habits writes about how to find a financial adviser. [...]

]]> By: Ryan http://www.mmhabits.com/how-to-find-the-best-financial-advisor-part-2-of-3/#comment-509 Ryan Thu, 21 Feb 2008 00:13:57 +0000 http://www.i-endeavors.com/2008/02/20/how-to-find-the-best-financial-advisor-part-2-of-3/#comment-509 Great points, Eric. Great points, Eric.

]]> By: Smart Spending http://www.mmhabits.com/how-to-find-the-best-financial-advisor-part-2-of-3/#comment-507 Smart Spending Wed, 20 Feb 2008 22:33:37 +0000 http://www.i-endeavors.com/2008/02/20/how-to-find-the-best-financial-advisor-part-2-of-3/#comment-507 <strong>Keep smoking -- you'll need less money for retirement...</strong> We'd never thought there was an upside to smoking until we read Ryan's post called "When smoking is good for you" at Millionaire Money Habits. After all, it's linked to serious illness and shortens your life span. "The health implications of thi... Keep smoking — you’ll need less money for retirement…

We’d never thought there was an upside to smoking until we read Ryan’s post called "When smoking is good for you" at Millionaire Money Habits. After all, it’s linked to serious illness and shortens your life span. "The health implications of thi…

]]> By: Eric Toya http://www.mmhabits.com/how-to-find-the-best-financial-advisor-part-2-of-3/#comment-505 Eric Toya Wed, 20 Feb 2008 20:56:26 +0000 http://www.i-endeavors.com/2008/02/20/how-to-find-the-best-financial-advisor-part-2-of-3/#comment-505 Ryan, I think it is important to understand the Adviser's overall planning process, and what services they provide. Do they discuss estate planning, taxes, insurance? If they claim to be fee-based, do they also accept commissions from insurance sales or other commission based products? If they say, fee-only, they do not (or at least are not supposed to). Ask them who their typical client is. If they primarily work with retirees and you are 28 (or vice versa), it might not be a good fit. Also, understand why their typical client is who they are. Does the adviser have a specialty in certain needs. For example, retirement income, long term care and estate planning, would be issues of concern for retirees. On the other hand, establishing a Roth IRA, dollar cost averaging would be concerns for younger investors that may just be getting started. No adviser does everything well, or should try. Ryan, I think it is important to understand the Adviser’s overall planning process, and what services they provide. Do they discuss estate planning, taxes, insurance? If they claim to be fee-based, do they also accept commissions from insurance sales or other commission based products? If they say, fee-only, they do not (or at least are not supposed to).

Ask them who their typical client is. If they primarily work with retirees and you are 28 (or vice versa), it might not be a good fit. Also, understand why their typical client is who they are. Does the adviser have a specialty in certain needs. For example, retirement income, long term care and estate planning, would be issues of concern for retirees. On the other hand, establishing a Roth IRA, dollar cost averaging would be concerns for younger investors that may just be getting started. No adviser does everything well, or should try.

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