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Do any of you guys use financial advisors and if so what company do you go with?
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Anonymous 4w

Absolutely the fuck not. Unless you have over $100k they’re not interested. Even if you do they’ll most likely try to sell you products and those products include their commission. So they have a monetary stake in selling it to you. Otherwise you’re paying 1% (or more) for them to manage your money. When the s&P500 returns on average 7% you’re loosing almost 15% of your profits just for being able to phone someone and talk about your feelings.

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Anonymous 2w

Responder #1 is correct if you are paying a fee or in ETFs that benefit the advisor. However, most legitimate brokerages give you one or two meetings a year with their advisor for free. Where is your company money? Fidelity, TIAA, Schwab will all meet with you and help you create a financial plan

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Anonymous replying to -> digiteratus 2w

UBS

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