Do I Need a Financial Advisor

Do I Need a Financial Advisor

Do I Need a Financial Advisor – Latest News Today

Do you need a financial advisor and what do they do? It’s one of the most important questions to your financial life and I’ll explain everything you need to know about financial advisors. I’ll also reveal how much advisors cost and how to do it yourself!

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Financial advisors and planners do more than you might think. They start by listening to your financial goals and helping you decide how much you need to meet those goals.

For this, they can charge fees that range well into the thousands of dollars. There are two ways financial advisors make money. Some will charge a flat-fee which usually ranges from $2,000 to $7,500 a year or on a per hour basis. Others might charge a commission on the amount of money they manage for you. This is usually around a 1% annual fee but they might not accept you as a client unless you have at least $250,000 for them to manage.

0:00 Do I Need a Financial Advisor?
2:06 What Does a Financial Advisor Do?
3:30 How Much Does an Advisor Cost?
4:50 How to Be Your Own Financial Advisor
7:13 When Should You Hire a Financial Planner?

I am a paid partner of Stash. Promotion is subject to Terms and Conditions. Offer expires on March 1, 2020. To be eligible for this Promotion and receive your stock, you must receive an offer to participate in this Promotion directly from Stash and complete all of the following steps before March 1, 2020: (i) complete the process of opening an individual brokerage account advised by Stash Investments LLC that is in good standing (a “Stash Invest Account”), (ii) link a funding account (e.g. an external bank account) to your Stash Invest Account, AND (iii) after you complete step ii, you will then receive an email from Stash to “Claim Your Stock” and you must select the “Claim $5 of [your stock choice]” icon that will appear in the email.

I am a paid partner of Video is paid partnership with Stash. Fractional shares start at $0.05 for investments that cost $1,000+ per share. Promotion is subject to Terms and Conditions. Offer expires on March 1, 2020. To be eligible for this Promotion and receive your stock, you must receive an offer to participate in this Promotion directly from Stash and complete all of the following steps before March 1, 2020: (i) complete the process of opening an individual brokerage account advised by Stash Investments LLC that is in good standing (a “Stash Invest Account”), (ii) link a funding account (e.g. an external bank account) to your Stash Invest Account, AND (iii) after you complete step ii, you will then receive an email from Stash to “Claim Your Stock” and you must select the “Claim $5 of [your stock choice]” icon that will appear in the email.

Fractional shares start at $0.05 for investments that cost $1,000+ per share.

Bank Account Services provided by and Stash Visa Debit Card (Stock-Back® Card) issued by Green Dot Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. Visa is a registered trademark of Visa International Service Association. Stash banking account opening is subject to identity verification by Green Dot Bank. In order for a user to be eligible for a Stash banking account, they must also have opened a taxable brokerage account on Stash. Investment products and services provided by Stash Investments LLC, not Green Dot Bank, and are Not FDIC Insured, Not Bank Guaranteed, and May Lose Value.

Stash Monthly Wrap Fee starts at $1/ month. You’ll also bear the standard fees and expenses reflected in the pricing of the ETFs in your account, plus fees for various ancillary services charged by Stash and the Custodian. Please see the Advisory Agreement for details. Other fees apply to the bank account. Please see the Deposit Account Agreement

Investment advisory services offered by Stash Investments LLC, an SEC registered investment adviser. Images of holdings and performance are hypothetical and provided for information purposes only. Investing involves risk and investments may lose value. For more information, please visit www.stash.com.

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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.
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