How do I find a fee-only financial advisor?

Organizations that can help you search for a fee-only advisor in your area include the National Association of Personal Financial Advisors, XY Planning Network and Garrett Planning Network. If cost is a concern and you simply need investment guidance, you might be well-served by an online robo-advisor.

What commission does Edward Jones charge?

You do not pay a commission to Edward Jones or your financial advisor when you exchange or sell a fund. For a new purchase of a variable annuity, you will pay a commission of 5.00\% unless you qualify for a breakpoint discount.

Are financial advisor fees tax deductible?

While financial advisor fees are no longer deductible, there are things you can do to keep your tax bill as low as possible. For example, those strategies include: Utilizing tax-advantaged accounts, such as a 401(k) or IRA to invest.

Is Merrill Lynch or Fisher Investments Better?

Merrill Lynch scored higher in 7 areas: Overall Rating, Career Opportunities, Work-life balance, Senior Management, Culture & Values, CEO Approval and \% Recommend to a friend. Fisher Investments scored higher in 1 area: Positive Business Outlook. Both tied in 1 area: Compensation & Benefits.

Where can I find a fee-only financial advisor?

The National Association of Personal Financial Advisors (NAPFA) is one of the largest professional organizations of fee-only financial advisors in the country. It has a find an advisor link on its website.

How do I find a fiduciary financial advisor?

If you know you want someone to help with financial planning as opposed to just buying and selling, you may want to include “fiduciary” in your search terms. This way, you’ll be able to locate fee-only advisors and not commission-based brokers. The Accredited Financial Counselor website.

Where can I find a commission-based financial advisor?

With the latter, a commission-based advisor could help you keep costs down by not charging for unneeded services. As for where to find a financial advisor, there are several places to look: Use an online advisor search. U.S. News has an online database of financial advisors across the country.

What is a fee-only compensation structure for financial advisors?

Many financial advisors are shifting to a fee-only compensation structure, where they receive the same flat fee for their planning services in lieu of traditional commissions or a percentage based on AUM.