Financial Information
Is there a benefit to having a financial planner handle your investments?
Question : Is there a benefit to having a financial planner handle your investments?
I have heard that you can often avoid the standard fees/loads associated with institutional mutual funds if you go through a financial advisor/planner. Is this generally true, or is it the exception? Also, are there any other ways to avoid those fees/loads? I am trying to decide if it is worth having my financial planner get 1% of my assets even though I am perfectly adept at doing the research and picking funds/stocks myself.
investment planner
Best answer:
Answer by strudy12000
If you are confident in your own abilities then by all means do the research your self. Personally I prefer to do my own research as I trust my judgement to someone Else’s.
If you want more information you are welcome to go to my website at http://asxnewbie.com where you will find a wealth of knowledge to help you on your trading choices.
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#2 written by Abdo 1 year ago
What you need to do is reallly find out what your financial planner has done and what his goals are as well. Find out his/her track record and go from there. Financial planner generally will have a much better understanding of all information in finance including things like the stock market, housing, economy, interest rates and so on. It’s important that your financial planner also understands your interests and your goals. Those are just a couple things to get you started. Good luck!
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You are trying to have your cake and eat it. Eiether do it yourself or pay somebody to do it.