I am looking for a financial advisor preferably in SF south bay area. Looking to start small ~15K. Any recommendations?

likefunny
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Use family, friends, coworkers, Reddit, fishbowl (lol), and personal research for $15k. Not worth paying any fees for that amount.

I didn’t get a financial advisor until I had $1m in assets and it’s mainly for retirement planning and wealth preservation.

likeuplifting

Director 1 - in the same situation. Can you share how you vetted fee only advisors? I need wealth protection and tax strategies, as well as a health check if I’m in the right mix of investments.

What do you hope to get out of one?

For someone to manage $15k, I think you’ll have a hard time finding anyone of value. You can 100% do it yourself.

like

Put it into a vanguard target fund and forget about it. I doubt any advisor would get you better returns especially after fees.

like

Vanguard Target Fund has a fee (expense ratio) of 0.15%

The $50k minimum and I’m assuming the .37% fee is for their Voyager Services, their personal advisor services. Not just holding their target retirement fund.

Would circle back and again as the need for this? Their target funds are everything you need. It’s their version of a lazy portfolio, that comes at slightly higher fees than if you did it yourself.

like

Use financial advisors for preserving wealth. $15k in etfs is all you need

like

Do you need one? Save your money. Build a simple lazy portfolio, or even just 100% S&P 500.

I don’t know your situation and don’t want to assume, but most people don’t need a financial advisor.

like

Also, anyone who guarantees they can more than triple your investment in 6 months is skidding in to Madoff territory. Please, please do a bit of research before starting down this road.

like

I am in a similar positions. Can you recommend stocks/ETFs? I already have $5K in VTI

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This made me laugh

Thanks a lot everyone for your inputs. Definitely leaves me with a lot of research pointers!

Put into voo , u don’t need financial advisor until you got a million

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