Questions tagged [financial-advisor]

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

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Strategy and science behind determining which stocks to buy and invest in?

I'm starting to get into serious investing & I being new and inexprience I have questions regarding the decline & incline in stocks. From my understanding and research, stocks increases and ...
Mxvii's user avatar
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4 answers
281 views

Should we partner with a company which promises to take care of everything?

Here is our situation - my wife is a medical resident and soon will be graduating program, every year there is this company which representatives take whole cohort of residents to nice dinner and ...
vmachacek's user avatar
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How to keep discussion with Wealth Advisor on topic?

I am based in the UK. I have an appointment with an HSBC Wealth Advisor next week to discuss a question. My question, is whether or not there is something more intelligent that I can do with a £200k ...
Cat Terry's user avatar
7 votes
1 answer
3k views

Who should I ask for help with nasty tax problems?

I have some nasty tax problems caused by my Certified Public Accountant (CPA; who I have fired) and my own lack of oversight. I think I need to file a 1040-X and go over thousands of transactions from ...
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Financial Planning and Management

I have a cousin that I assist with some of her business affairs and I provide some financial assistance. She is in her late seventies and has no other close relatives. Since she lives on the other ...
Bob Baerker's user avatar
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How Safe and Legitimate is Just Sort My Super

I have had two calls this week from a Brisbane based company called Just Sort My Super (Just SMS). This was to review my superannuation and give a 'free' health check. Both calls were quite long and I'...
user3882865's user avatar
16 votes
6 answers
7k views

How do I find a financial advisor that doesn't recommend investments?

I'm looking for a financial advisor but not someone to tell me about investments. I'm willing to pay for it but I don't want to pay some percentage of my savings/investments. Probably want a fiduciary ...
GranBurguesa's user avatar
15 votes
4 answers
4k views

How to vet a potential financial advisor to avoid being scammed?

Most of my retirement funds are currently in an account at Fidelity. I was contacted about a year ago by one of the many wealth management services out there, and through a number of telecons and ...
rothloup's user avatar
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2 answers
263 views

Do financial advisors paid by the hour exist?

I am wondering if financial advisors that are paid by the hour exist? My situation is that I would like to hire someone paid by the hour for getting support to make my financial decisions. Most offers ...
KeynesCoeFen's user avatar
1 vote
2 answers
258 views

Investing on someone’s behalf UK

If I wanted to invest on my friends behalf for a percentage commission to them, do I need a license to do this? Is it as simple as registering with someone if this is the case?
Adam Pollock's user avatar
0 votes
1 answer
130 views

Do you recommend personal investing (flatex) or investing in stocks through a financial advice company?

I am specifically looking for mid-term investing. I am quite young and want to save some money for the next 5-10 years that will help me build a house or buy an appartment. My first idea was, as ...
user122579's user avatar
2 votes
4 answers
306 views

Is it wise to pay off some of my mortgage early in this case?

I live in the Netherlands. I bought a house a couple of years ago, So far I paid around 30% back, from which 70% are extra payment, as my bank allows me to pay some amount extra yearly fee-free. I can ...
user2226785's user avatar
0 votes
1 answer
119 views

How to calculate Average CAGRs?

I have sales by 30 different products over years (2015-2022). I need to compute Compound Annual Growth Rate, however some of the product groups have high CAGR and some of them have quite low CAGR. So ...
Underwood's user avatar
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3 answers
353 views

Does 20/4/10 rule really exist when financing car?

I saw the video the other day and it has "To afford a car one needs to have 20/4/10 rule". Do you need to put 20% down payment for 4 years and the payment shouldn't be more than 10% of your ...
localhost's user avatar
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16 votes
3 answers
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How should I choose a Financial Planner/Advisor?

I don’t feel like I know enough to put my money in the right places to make the most of it. I’d like to see a financial planner for help. I’ve searched on the Internet and there are several near me ...
Rich's user avatar
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4 votes
3 answers
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What is the difference between a 401k rollover vs IRA?

I have a Fidelity account for my older company's 401k plan which will expire soon. They told me if I don't do anything, it will convert into an IRA automatically. Alternatively I can make a rollover ...
Tina J's user avatar
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Is a trade done in forex when (Ask price = 1) < (Bid price = 2)? and in which price?

In forex market, in a normal mode when Ask = Bid, trade is done. And If Ask = 2 (the lowest price by sellers) > Bid = 1 (the highest price by buyers), so the market is not liquid and no trade would ...
sadegh yeganeh zadeh's user avatar
2 votes
1 answer
85 views

Going from self employment to being an employee

Is there a way to determine what my take home pay needs to be in order to start working for a company, whether it is hourly or salary? I am located in NW WA state and have been self employed since ...
Jack's user avatar
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12 votes
9 answers
4k views

My ignorance keeps me awake at night (specifics below) [closed]

I feel like a financial idiot, and I'm worried that I might be overlooking opportunities and making big mistakes that I will regret later. So, I'm looking for a sanity check on my finances from people ...
bubba's user avatar
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1 answer
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What should i get first debt consolidation, house or car first? [closed]

I'm an 31yo above minimum wage worker with a little over $5k in debt from credit cards with various interests, with a credit score of 617, stocks ETFs and REITs with dividends, stable cryptocurrency ...
Reaper Rocha's user avatar
2 votes
0 answers
82 views

Consolidate wealth management / advisors or use multiple?

About 10 years ago, my parents organised a joint account with a financial advisor for me and my sisters, and it was seeded with a lump sum that we all inherited. The advisor is a large "wealth/...
berkeleybross's user avatar
0 votes
2 answers
145 views

Can I use my brokerage accounts and trading as my job evidence?

I live in the US and have some brokerage accounts and I have income from trading online. I also don't have another job. Can I use my income and trading history when I want to apply for a loan or ...
user avatar
27 votes
8 answers
6k views

Professionals who provide the same services as Mint; i.e. personal expense tracking & analysis?

Not long ago I went to a financial advisor/money manager for a discussion of all (I mean all) my finances and was needing some analytics in the short term to decide what smart actions to take for the ...
SeligkeitIstInGott's user avatar
1 vote
0 answers
38 views

Fiduciary Responsibility of an RIA

I'm currently an investment advisor with my own RIA sand I was approached by a company to do live streams talking about trade ideas and investments. They charge a subscription to their viewers and I ...
bballboy8's user avatar
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1 vote
1 answer
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Equitable: financial advice out of blue

I was approached out of the blue by a financial advisor from Equitable. He told me that the people from the company referred me and that they provide free financial advice and services because they ...
chupvl's user avatar
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0 votes
2 answers
241 views

Help needed to deal with personal financial condition [closed]

Would like to discuss my financial condition here so that you guys can share your thoughts. TLDR :). There are some details related to family as well, which I think is important while taking financial ...
phoenix's user avatar
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2 votes
2 answers
176 views

Is there a place where I can see the performance over different years of Motley Fool's Stock Advisor?

I am considering subscribing to the Motley Fool Stock Advisor. All the reviews on them underline how rich one would be today had one followed their advice in 2002. That's impressive but not very ...
texnic's user avatar
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1 answer
67 views

Finding an independant mortgage consultant

I would like to find someone who is knowledgeable about the mortgage industry and regulations has no incentive to try to sell me a mortgage Most mortgage brokers are ruled out by the second point ...
Ian Danforth's user avatar
1 vote
1 answer
64 views

The term "debt financed" as a source of payment for doing the Acquisition, is it?

I have a question for word phrase "debt financed" in Acquisitions but for my best understanding, I would like to ask a question on random example: Let's say we have three companies: CompanyA,...
Ciaran's user avatar
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33 votes
12 answers
10k views

How can I break the cycle of taking on more debt to pay the rates for debt I already have?

I'm 30, married, and have a 1.5-year-old daughter. My monthly on-hand income is 71,000 ₹ (INR). These are my monthly expenses: Home loan: 18,428 (Loan amount: 18,50,000. Number of EMI pending: 150. ...
private's user avatar
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5 votes
2 answers
567 views

I just sold my house. Should I invest it all in an ETF?

I just sold my house and now money in the bank. I don't want the stress of owning a property right now, but I know it would be a bad idea to just let this sit in my bank account while inflation ...
user avatar
0 votes
2 answers
50 views

the impact of drop in oil prices financial markets performance and prospects? [closed]

Supporting that there is a correlation between oil prices and stock market. What could be the implications of low oil prices on the financial markets performance and prospects?
josephen's user avatar
2 votes
2 answers
212 views

Is there any problem in having 0 cash in your brokerage account?

Let's say that you have a brokerage account with $10000 and you want to invest that money in some financial product. Is there any problem in investing the whole $10000? I mean, is the ongoing charge (...
Martel's user avatar
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1 vote
1 answer
251 views

How much does a financial advisor charge in NRW, Germany?

I am 24 yrs old, software engineer working in Germany. I was able to save major chunk of my earnings and i am interested in investing the savings. I am interested in Real estate along with certain ETF'...
Sai Raghava's user avatar
1 vote
2 answers
2k views

35 years old and I inherited 200k. What should I do?

I’m 35 years old with no children. My grandmother left me $200k and I’m not sure what are the best steps to take. Do I stay with my bank? Should I get an accountant or financial advisor? I want to ...
Chocolate's user avatar
8 votes
1 answer
1k views

Mortgage brokers - should I expect to get a better deal than I can find myself?

Since I am currently looking into potentially buying my first house, when asked by an estate agent (with whom I had just viewed a house) whether I would be interested in talking to their mortgage ...
Noble-Surfer's user avatar
19 votes
6 answers
8k views

Is Saikyo Sakura Assets Holding a legit company?

Today I got a cold call from an alleged representative of Saikyo Sakura Assets offering me a trading opportunity. At first I was very skeptical as this raised several red flags, but I am also ...
user93313's user avatar
  • 201
1 vote
1 answer
130 views

Liability for poor investment advice?

[Country is South Africa but I am also interested in this in the context of the U.S. / Europe] A good friend of mine has trusted a wealth manager with her sizeable portfolio for the last 6 years. Her ...
Oliver Angelil's user avatar
4 votes
2 answers
164 views

Social security credits. Receive 40th credit in February

I’m 70 now and have 35 credits. My son is going to pay me $5500 from his business this month which I will pay into social security and receive 4 credits for 2019, giving me 39. In January of 2020 ...
RichM's user avatar
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1 vote
1 answer
86 views

How to make strategy for diversification between real estate and stocks?

I am living in tier 2 city in India and my father have all investments in real estate in my city. He had brought land earlier(20-25 years ago) when the prices were pretty low. It has given so much ...
Patel Parth's user avatar
1 vote
1 answer
257 views

How can I be sure if my grandfather's money is safe?

Years ago, my grandfather sold an old apartment and opened an investment account with a financial advisor he knew from his neighbourhood. The financial advisor works with a broker and my grandfather ...
Luis's user avatar
  • 195
0 votes
0 answers
74 views

Global FPSB not to renew its licensing agreement with FPSB India what does it mean for the current & future CFP aspirants

Global FPSB has decided not to renew its licensing agreement with FPSB India. Reference link The agreement between FPSB and FPSB India expires on March 31, 2020. I plan to become a Registered ...
Alok's user avatar
  • 125
2 votes
0 answers
88 views

Canadian nomad, USD earnings - how to invest/preserve currency

I'm a Canadian tax resident who moves around a lot. Exchanging currency stresses me out so much if I think about it that I basically have just decided to accept volatility. I work online, and am paid ...
MegH's user avatar
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0 votes
2 answers
1k views

Does Motley Fool offer investment management services?

Does Motley fool do any investing on someone's behalf based on their recommendations? Can investing be done by someone on their website based on their recommendations?
Stace's user avatar
  • 1
1 vote
3 answers
1k views

Financial advice needed, my new used car needs a new engine

I bought my car in January 2018, financed $10,300. Today I took it in for an oil change and mysterious ticking; the dealership called and said the ticking was an engine problem. The car is not safe to ...
miim230's user avatar
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1 vote
0 answers
212 views

What were quarterly values of the MSCI "WMA Private Investor Income Index" (TR) for the last 5-6 years?

In the UK, the WMA indices are quite popular with "wealth management" types for benchmarking performance of clients' multi-asset portfolios. I'm interested in finding the historic values of the WMA ...
timday's user avatar
  • 3,992
3 votes
2 answers
110 views

what is the value of hiring a financial consultant?

Several postings on this forum and many other online resources seem to indicate that there may be some value in hiring a financial consultant to help manage our personal finances, with the intent that ...
B Chen's user avatar
  • 1,029
2 votes
1 answer
164 views

Bank is not depositing my new account promotion bonus [closed]

I opened a bank account in response to a promotion in a big bank. Originally it was saying if I keep my money (50K) for 60 days, I get $600. The agent at the branch didn't say anything more. Then they ...
Tina J's user avatar
  • 435
1 vote
3 answers
468 views

Long Term Stock Investment and Compounding

I have a query that's been bugging me. I have been investing in the UK stock market + funds for around a year now. Current Investments - Retirement Fund - FTSE index Fund - Managed Accumulation ...
Mr Capital's user avatar
0 votes
1 answer
134 views

Best financial model to proportionally distribute the company's income to all employees? [closed]

I plan to start a project of something "innovative". And among some of the parts of the project that I'm thinking about, it's in the term of how money (profits) should be distributed. The truth is, I ...
candlejack's user avatar