Hello investing,
I am a 24 yr old in not the best spot in life who came into a windfall as a result of a medical malpractice. So I am seeking help from a professional to preserve me wealth for the future when I may need it again (future surgerie(s) to correct my condition, ongoing medical bills, and whatever future events). I need help managing a little less than 1 million $. I'm out of a job at the moment and no real college degree, I don't know what I want to do. I thought about doing all this myself, but after reading through Bogleheads book, I don't know if I could and I procrastinated on this money for almost a year and wasted much opportunity cost on this money I feel.
Anyways, I'm in the process of finding a CFP (using napfa and cfp). I've actually found someone who on paper seems okay. He's actually the only CFP, part of napfa, in my town. He manages around $20mil total from his clients, fee-only(.85% fee assets + hourly advice), owns a few locations in my state. Has a great looking website and is up to date, he also blogs monthly. Even has a video interview of himself that makes him seem very humble in what he does. He's not one of those over-confident old guys who are stuck in their own ways. He also believes heavily in something called factor based investing (I tried understanding it, but I'm no finance guy).
My only worry is that according to his adviserinfo.sec.gov profile, he is the only employee yet he has many locations throughout my state. I'm having a consultation with him to ask about this afternoon actually too and will update how it goes. He seemed nice enough over the phone, but yeah. I'm going to ask him about indexs and explain my situation to see if we can work.
p.s. are " Securities Issued by Registered Investment Companies or Business Development Companies " something I should worry about? Almost 90% of his investments are in this according to the .sec?
Besides him I'm also looking at Schwab (they have a location near me), another independent firm with 200mil$ assets under management with around 15 employees across multiple states(not part of napfa though) & possibly calling Vanguard. Thanks for reading and your thoughts.
Submitted May 11, 2018 at 11:22AM by buckleupboy https://ift.tt/2rB3AFD
