(08-07-2021, 09:00 PM)Kerim Wrote: It has been a long time since I've looked into this, but doesn't "fee based" still include the "a percentage of (your) assets under (their) management" model? Am I correct that the universe of planners that will charge you a flat fee or hourly rate for *only* guidance / advice / planning is smaller still?
Many are like that but it doesn't have to be. There are a few reputable ones that offer services for a few hundred dollars annually and you can disenroll of course. I'm sure they would be most suitable for clients that are not financially illiterate. If you need your hand held continuously you might be wise to pay the money. Screw this up and it will cost you a lot more than 1% if you paid that fee every year. I'd like to think I don't need my hand held.