Quote:
Originally Posted by jay santos
If a financial planner was paid by the hour, then I would tend to trust that person. But my guess is that it would be very difficult to get people to pay for that kind of service on a fee basis. People would rather get free, bad advice.
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I think that if you can find someone who is paid on an hourly basis, they will likely not be very good at their job. The best FP and brokers would be crazy to not go after a commissioned position. Thats where the real $$ is.
And you are right in your assessment of brokers, real estate agents, etc in general. The financial planner that I've got right now bent over backwards to get my business, including frequent personal visits to the office, taking me out to lunch several times, personal phone calls, and so on. Once I signed on with their company, now its an occasional post card or mass mailer. I feel so used...