For questions related to evaluating, choosing, and understanding a financial adviser. However, specific service recommendations are off-topic.

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4
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3answers
391 views

First time mortgage - process & rates

I'm looking to buy a first home in the next few months. At this point I thought I would check out the mortgage options as in my mind I'd need to have a mortgage agreed before going to look at houses. ...
1
vote
0answers
108 views

Learnvest vs. Wealthfront: Advantages and disadvantages for a beginner investor

I am very beginner in terms of investing, financial planning and growing my money to save for the future. My objective is to be able to start covering those bases by getting education as well as find ...
3
votes
1answer
592 views

Can I use balance transfer to buy car?

I am in market to buy new car but I am a little short on money. I could finance the car but if buy on cash, I will qualify for additional savings up to $1000. Furthermore even if I finance the car ...
9
votes
2answers
400 views

Roth IRA: Vanguard vs Free Advisor's Mutual Fund

Background: I recently turned 25 and became applicable to invest into my employer's 401K. Due to no matching, I have 3% allocated in as a supplemental retirement fund. Currently single, rent (no ...
2
votes
0answers
107 views

How should we organize our finances to effectively plan and prepare for an retirement in next 10 years?

How should we organize our finances to effectively plan and prepare for an retirement in next 10 years ?. My personal details are: Age 35, married with a 3 year old daughter IT consultant with a ...
2
votes
0answers
64 views

UK citizen going to freelance overseas - what type of specialist should I talk to for tax/registration advice?

I'm planning to leave the UK for around 12 months and work freelance in a non-EU country. I know there are many things I need to get right in terms of registration and financial declarations, tax ...
1
vote
1answer
128 views

Is there a kind of financial advisor for stock investors? How to find a good one?

I've been at a company for a few years and have some restricted stock units (RSUs) that have vested. I'm on E*Trade and know a little about stocks, but I'm no expert. Is there a financial advisor of ...
1
vote
1answer
62 views

Loan Repayment and Salary Decisions

I have an LLC in CA with my brother acting as the primary member of the company. In an effort to get the company started and to get us through some growing pains I loaned the company money, around ...
3
votes
1answer
60 views

How difficult would it be to refinance a second mortgage?

Some years back, my mom, now 80, took out a second mortgage on her house. I don't think it was a wise decision, but of course we can't do anything about that now. She recently complained that most of ...
-1
votes
1answer
169 views

40 year old A and J makes 1M a year. What is the best investment to save on tax?

We have been very fortunate, also hard working and frugal . Now A and J all had several promotions in the past a few years, and the rental properties are paid off. The tax bills are getting pretty ...
0
votes
1answer
45 views

Fee-Based Online Financial Planners [duplicate]

I've looked at some online financial planners (e.g. Personal Capital) and it looks like all of them charge based on a percentage of the portfolio being managed. I am looking for a site to help create ...
6
votes
5answers
247 views

Need something more basic than a financial advisor or planner

Is there a professional that one can go to in order to assess one's current financial situation and get advice and follow-through on what one can do in order to correct financial errors one has made, ...
3
votes
2answers
130 views

What does a CFP do?

I am looking into getting a life insurance policy. Many people recommend that I consult with a CFP, others that I just get into the meat grinder and apply online at a big financial firm such as AIG, ...
0
votes
0answers
59 views

What's the best trading period : Weekly, daily or hourly?

I'm designing an Expert Advisor with MetaTrader5 using Neural Networks. I'm working with EURUSD but the EA works with any forex currency almost the same (~2% difference max). If I choose 1 hour ...
5
votes
2answers
494 views

Are there benefits to purchasing term life insurance with an option to convert to whole life, and what type of consumers should purchase it?

Most of what I read says, "whole life insurance is not for you", but they don't elaborate much more than that. There's even less about term life insurance that has an option to convert to whole life ...
3
votes
1answer
185 views

What is the difference between an Independent Financial Advisor (IFA) and an Accountant?

I'm looking for some advice on various small personal financial matters relating to pension, salary, taxation etc. I've been given a personal recommendation for an accountant, but looking at their ...
2
votes
2answers
127 views

Side work and managing finances?

I recently started taking on some side work which is making a decent amount of money for me on the side. I am operating it under my own SS# currently and not an LLC. I was hoping someone could provide ...
2
votes
1answer
135 views

Do financial advisers in Canada who work at the bank, make investing decisions not in your best interest?

I've been using the same financial adviser as my my family and am wondering if Canadian financial advisers who work at the bank specifically Scotiabank would purchase mutual funds that specifically ...
4
votes
2answers
195 views

Are there guidelines for whom you should trust for financial advice (online, peer, experts, only myself, etc)

I am new to investing and not sure where I should start and whom to trust. Whom do you trust for financial information? Where do you look? Do you read certain financial blogs?
3
votes
1answer
201 views

Do I have to pay an advisor 3% to transfer a pot of £49,000 to another pension provider?

I am looking to re-invest a stand-alone pension (originally called an AVC pension: Additional Voluntary Contributions pension) so that I can take 25% as a tax-free lump sum and retain flexibility in ...
2
votes
0answers
72 views

How do I find good fee-only financial advisors in UK?

I found http://www.vouchedfor.co.uk/ which seemed like a pretty good resource, but was curious if there are more/better resources. I'm an expat living in UK so it would be ideal if the FA is ...
3
votes
4answers
310 views

What can I do to rebuild credit and get out of financial trouble?

My wife and I are in some financial trouble. We are in our early 30s and our credit is terrible. We both have student loans, we have old credit card debt (though we have no current credit cards). ...
3
votes
3answers
242 views

Getting financial advice: Accountant vs. Investment Adviser vs. Internet/self-taught?

Previously, I was a simple case: I earned a salary, and I paid taxes. Therefore, I've been filing my own tax returns using online software. Now: + wife, + kid, + mortgage, + want to contribute to ...
28
votes
13answers
6k views

Why might it be advisable to keep student debt vs. paying it off quickly?

As of a couple weeks ago, I paid off all of my student debt. Hooray... But I have a friend named A who has a friend named B who is a financial advisor (a young so therefore perhaps ignorantly ...
2
votes
1answer
90 views

What do the proposed changes to FOFA mean for consumers obtaining Financial Advice?

The Australian Federal Government is proposing to make changes/rollbacks to some of the new FOFA (Future of Financial Advice) legislation for Financial Planners. If the changes get through parliament, ...
2
votes
3answers
100 views

Which businesses provide financial planning services for newly married couples?

My fiance and I want to start preparing for our economic future; specifically buying a home, planning for children, and our eventual retirement. We both have work 401(k)'s but would like more help ...
1
vote
2answers
193 views

As a first time home buyer looking for a mortgage, are there financial advisers to help me through the process?

I am thinking about purchasing a home instead of renting. The cost saving and benefit of doing so seem to outweigh the thought of long term renting. My problem is that I am fully overwhelmed with all ...
1
vote
1answer
139 views

Alternative to a financial planner?

Are there any good websites or resources for sharing a personal financial plan? I think I've done enough personal research to be fairly confident in what I'm doing, but a second set of eyes would be ...
4
votes
2answers
151 views

What can I expect to pay when meeting my first financial planner?

I recently had a trusted friend recommend a financial planner (close friend of his) to me. I briefly talked with the planner about scheduling a meeting to discuss my current financial situation and ...
6
votes
3answers
409 views

Sanity check on recommendations from a financial advisor

Recently my wife and I have decided that we make enough money to go see a financial advisor and see how we can be smarter with our money. The most important topic we discussed with the advisor was ...
4
votes
3answers
141 views

Is it better not to compartmentalize savings for multiple financial goals and better to imagine it as a single corpus?

I had an introductory meeting with an independent Certified Financial Planner who mentioned that: People tend to allocate a certain amount for their children's marriage, or buying property or ...
2
votes
1answer
72 views

Are most financial needs analyses created equal?

I'm currently talking to a representative for a company that as part of the service they offer does a financial needs analysis (FNA). A quick online search for "financial needs analysis" turns up a ...
2
votes
3answers
308 views

Online directory for investment advisors/financial planners in Canada?

Where can one find a good directory of investment advisors/financial planners in Canada? We have Auto Trader, and Renter's News publications, yet I've never seen anything related to money. Are ...
9
votes
2answers
247 views

What should I consider when selecting a broker/advisor to manage my IRA?

I am extremely unhappy with my current IRA manager. I am considering a move to another financial planner. How can I objectively measure a financial expert? What subjective things should I consider? ...
2
votes
2answers
2k views

Advice regarding how much should be in the bank account after downpayment for a bank to give me loan

I am planning to buy a condo in Chicago, IL - USA Let's say that I am buying a condo worth 250,000 and is FHA approved. Let's say that I have 70k in my account. When I pay 20% down, and after ...
8
votes
3answers
320 views

How to find a good third-party, 401k management/advice service?

I have a 401k with my employer that offers a pretty good contribution matching benefit. I am young and I've had the plan for about 5 years and my money is starting to grow into a pool that is big ...
6
votes
4answers
399 views

What can I do to help my financial situation?

Past January I asked for advice about my financial situation and the answers were very helpful to me. As a result, I feel like my situation has improved somewhat. So I wanted to get some advice on ...
1
vote
1answer
296 views

How to find a good financial planner in India

For last few months I am looking for a god financial adviser but cound not found one here in India. I read This SO question but this is not about India. Is there any directory or associations of ...
5
votes
1answer
240 views

Do financial advisors get better deals on mortgages?

I have always looked after my own financial affairs. I feel I know more than enough about the financial products I use and buy to ensure I get the best deals. At the moment I am going through a ...
8
votes
3answers
315 views

Choosing the “right” NAPFA advisor, and whether fees are fair, etc.?

As most of you perhaps know already, NAPFA is an association of fee-only financial advisors who do anything from pure investment to tax advising to "full spectrum" financial planning. As opposed to ...
5
votes
2answers
60 views

How do financial services aimed at women differ from conventional services?

I was recently shopping for booking on personal finance and notice there seems to be a niche targeting personal finance for women. I also noticed that a number of local financial advisors specialize ...
5
votes
1answer
1k views

I would like to publicly share the details of my investment portfolio. What websites add value in this regard?

I want to have the ability to share the details of my holdings and have a website track the return over time while making this information 100% public to anyone who may be interested. What websites ...
27
votes
5answers
12k views

What exactly can a financial advisor do for me, and is it worth the money?

I've been managing my own expenses pretty meticulously for the past 4-5 years since being out of college and on my own. Because of this, I feel I have more of a clue about finances than the average ...
4
votes
3answers
98 views

What's a good way to find someone locally to help me with my investments?

I inherited a stock portfolio from my grandparents, and it has been sitting at the investment house where it was when I got it. I want to move this portfolio somewhere where the fees are lower and ...
4
votes
1answer
141 views

Are all financial advisors compensated in the same way?

I'm considering using one, now that I see how complex personal finance is :) but I'd like to find one whose motives I wouldn't have to question.
18
votes
4answers
481 views

How does one find a good financial advisor?

I've talked to a few FA's and they all seem more intent on selling me products than giving me advice. Case in point - one of them was pushing me to invest my cash savings in her bank's funds when I ...