Many financial services providers tout their financial advice as being for free. But we all know nobody does anything for free. Aparently there are a bewlidering number of ways in which investment advisors make their money such as trading commissions, hourly frees, trailer fees, management fees, performance fees and so on.
I would like to hold an online survey to gauge which methods most Y!Answers users come across and their views on each method or which method their prefer most.
Thanks for taking the time to answer my question.
Many financial advisors will offer free consultations in the hope that you will decide to purchase investmenst products from them.
Although there are many commission-based advsiors who are excellent, there is a growing belief that using a fee-based advisor tends to eliminate any potential conflicts of interest. If an advisor charges a fee- either hourly or based on assets managed (i.e. 1% per year)- then there is no incentive to him to put you in high-commission products for his own gain. There should be no commissions with a fee-based advisor.
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Certificates of deposit are investments that go towards a bank and that gain interest over time. Learn about CDs with tips from a young professional in this free video on financial advice.
Expert: Jessica Rose Smith
Bio: Jessica Rose Smith has been attending Cape Fear Community College in Wilmington, NC, for more than a year now.
Filmmaker: Reel Media LLC
Duration : 0:1:11
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Technorati Tags: finance, finance tips, financial advice, investing, personal finances, saving money
I’m excellent at financial planning, and giving advice about weather to buy certain items or cut back. how can i start a website giving out this advice?
As a financial planner or accountant? Either way, it’s easy to setup the website but have an attorney write your disclaimer. There’s a slew of junk financial advice online, and the last thing you want is to get into deep legal and liability problems that could have federal jail time attached to them.
Giving the kind of advice you say, there may be other considerations such as who you will be giving this advice to, what you expect them to do with it, if you are going to give this advice to US clients only and the list goes on, and on, and on like the Energizer Bunny.
Your first step should be to speak with an attorney to determine your legal options before you decide to move forward.
I was given advice on my pension by a human recources advisor at a company where I worked in 1997. This advice turned out to be wrong and over the years has cost me a considerable sum of money. Is there anything I can do to get some form of compensation? To my knowledge the HR advisor in question holds no qualifications in pensions or financial advice.
you should check with an attorney as to your rights in this case- if the advise was given verbally as opposed to in writing- it might be more difficult-yet, only an attorney would be sure about that..CFP’s- Certified Financial Planners can give financial advice-they have passed rigid exams in ten different areas to get certified-CPA’s can also give advise-some have an additional certification in financial planning–CLU’s- Chartered Life Underwriters know about pensions and insurance and annuities- they have passed ten tough exams also to get their designation—unfortunately EVERYONE THINKS THEY CAN ADVISE OTHERS- YET FEW ARE QUALIFIED TO DO SO, BY EDUCATION, TRAINING, AND EXAMS & CERTIFICATIONS–unfortunately that lack of qualifications does not stop people from rendering opinions and advise–sorry you have this problem- i believe an attorney could spell out any recourse you might have better than anyone else !!! I am a retired Independent Insurance Broker, & CFP & CPA & LUTCF ..good luck to you- if i can be of further help-holler back at me !!
A household budget includes financing for food, shelter, clothing and insurance as well as discretionary items such as cable, Internet and phone lines. Calculate a household budget with tips from a young professional in this free video on financial advice.
Expert: Jessica Rose Smith
Bio: Jessica Rose Smith has been attending Cape Fear Community College in Wilmington, NC, for more than a year now.
Filmmaker: Reel Media LLC
Duration : 0:1:26
Read the rest of this entry »
Technorati Tags: finance, finance tips, financial advice, investing, personal finances, saving money
Andy Rooney thinks Americans should know more about their money. Starting with the $700 billion federal bailout plan.
Duration : 0:2:21
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