I’m currently courting a couple financial planners in my area. Both meet all of the criteria that the internet says they should have. I’ve done some intro zoom calls and am gathering info from references. The major differences I am facing are these:
- Option 1 - A bit cheaper (1% vs 1.25% of assets managed; Smaller team (2-3 CFPs); Willing to work up a detailed initial financial plan without an agreement; Not providing a signed privacy policy for that initial plan.
- Option 2 - A bit more expensive (see % above); Larger team (4-5 CFPs + 2 Senior members); Not willing to do a draft plan.
Both seem to be good options... I am attracted to the larger team, but only if it’s worth paying for. Not sure how standard it is to do an initial plan without a signed agreement. The CEO did say via email that they do not share the info, but it seems odd that there isn’t a signed document for that.
Thoughts?
Submitted May 14, 2020 at 08:51PM by SpaceHammer22 https://ift.tt/3dQ0cML
