financial planners

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redinr08's picture
redinr08
Status: Member (Offline)
Joined: Mar 21 2008
Posts: 20
financial planners

I need advice regarding financial planners.  Do you think it is okay for me to have a financial planner that is located in another state?  What foreseeable problems could there be, compared to having a planner that I could meet with "face-to-face"?

tom.'s picture
tom.
Status: Gold Member (Offline)
Joined: Aug 18 2008
Posts: 345
Re: financial planners
redinr08 wrote:

I need advice regarding financial planners.  Do you think it is okay for me to have a financial planner that is located in another state?  What foreseeable problems could there be, compared to having a planner that I could meet with "face-to-face"?

Just stay here .. this is where the financial planners come to learn.

jeanius2's picture
jeanius2
Status: Member (Offline)
Joined: May 23 2008
Posts: 14
Re: financial planners

Beware! The name is misleading and deceptive.

At least in Australia, Financial Planners = financial product salespersons. They sell mutual funds etc. They do not plan to create wealth for you they plan to create wealth for themselves. (Yeah I am sure there may be exceptions).

 

Ruhh's picture
Ruhh
Status: Gold Member (Offline)
Joined: Nov 12 2008
Posts: 259
Re: financial planners

is there such a thing as a financial advisor as opposed to a planner?

Where can someone young like myself with zero experience in finacial plannig get sound advise? Hell I don't even have any RRSPs or anything. I only owe about 3K in student loans and credit lines. I don't own and I have no savings.

As I metioned in another post, I would like to invest in bouillon or something but I have but the faintest clue as to where to start. Can I trust my banker to show me how to invest rather than where?

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