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

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3
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1answer
64 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 ...
1
vote
2answers
77 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
89 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 ...
2
votes
1answer
70 views

Are there guidelines for who 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 who to trust. Who do you trust for financial information? Where do you look? Do you read certain financial blogs?
2
votes
1answer
103 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
49 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
264 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
158 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 ...
26
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
77 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
81 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
133 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
129 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 ...
3
votes
2answers
127 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
337 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
125 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
66 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 ...
1
vote
3answers
206 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
213 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
1k 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 ...
7
votes
3answers
245 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
309 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
213 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
228 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 ...
5
votes
3answers
252 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
56 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
748 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 ...
24
votes
4answers
9k 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
93 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
119 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
430 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 ...