[deleted] OP t1_j5zxprc wrote
Reply to comment by Linenoise77 in Killer financial advisor in North NJ? by [deleted]
[deleted]
Linenoise77 t1_j5zz3ye wrote
I'd talk to a planner first, who you are paying essentially a flat rate for, and who isn't making money based off where they tell you to put your dough. They can help you assess where you can take risks and how things will align with your goals, and start the conversation and help educate you as to where you go from there with investments.
Also anyone whose first bit of advice isn't, "ok, lets get the taxes straight on this, sort out any liabilities, retire any 'bad' debt, and then cool our jets for a bit and wrap our heads around it" isn't the right person.
Edit: to clarify, there are different fields, and licensing around financial planning, investment advisement, etc.
The #1 thing you need to ensure is that whomever you are taking advice from has a Fiduciary duty to you. (ie, your financial well being comes before them). They will require some form of payment direct from you for their time and advice, and not be people who say, "I'll manage that money, but i get X off the top".
[deleted] OP t1_j60kpp6 wrote
[deleted]
Viewing a single comment thread. View all comments