Could you all please help me with recommendations for a fee only financial planner and financial advisor? And generally, would welcome thoughts on why you went for / against selecting them. I wonder whether continuing to self-manage everything is a good strategy, now that the assets have grown to be sizable.

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I went for wealthfront - talked to 3-4 financial advisors over the year and was always completely underwhelmed by them. Eg one of them wanted to spend 60 minutes over zoom to build me a cash flow model - but didnt know about things such as ibonds


Yep fully agree - I dont see a world where I would pay someone 1% for AUM

No recommendations but I can let you know what Edward Jones charges. They have a couple of account options - one you pay 1.35% of total assets value every year but you pay no fees when trading. The other they charge you something like $100/year but you pay between 2.5-5% in trade fees every time you rebalance your portfolio. You're likely to get more attention from your advisor if you go with option 1. Do the math for your assets and figure out if your time/investment returns justify these fees.

Good on you! Yes FAs are largely salespeople and I'm very certain you are doing better without them.


You probably don't need one. I'm not planning to pay someone just to underperform the market. At most I'd consult a tax professional if I ran into anything complex. Having more assets doesn't change my plan. This is a website to find a fee-only advisor. What you're looking for is called a fiduciary. Fiduciaries job/ethics etc is to advise clients on what is solely in the clients' best interest.

As stated in other replies most other advisors are sales people and while they do have a duty to provide you good advise they do not have a duty to provide you the best advise as they may earn a higher commission on a lesser product. Edward Jones, Northwestern Mutual etc are all sales.

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