Quick Wealth Network

How do you get advice about money management?

Do use a financial advisor? If so, what are their qualifications? Lawyer? CPA? Do you use a fee-based advisor rather than a Merrill Lynch type person? I'm trying to figure out the best way to approach this. Do you figure it out on your own?

Public Comments

1. It sounds like you could you some basic information on personal financial advising. My blog goes over the main idea of what a financial advisor is. It also should be updated daily with more content. I would suggest calling a few firms and seeing what their fees are. If you don't the extra cash to fork over for fees I would suggest starting out with a commission based advisor so you aren't paying upfront. Most financial advisors have to pass a CFP (certified financial planner) test in order to do business. I would suggest you looking into Edward Jones. My blog address is http://personal-financial-advising.blogspot.com
2. If you want financial advise that includes goal planning, and investment advisement look for a professional with the certification CFP (Certified Financial Planner). CPA's (Certified Public Accountants) are better at helping you plan for taxes, and doing your taxes, and tailer more towards helping businesses. But I have nothing against CPA's, their great at what they do and are well qualified. Looking for personal financial advise - go with the CFP. I wouldn't use anybody at Merrill Lynch or any other investment bank. Use only advisors that charge by the hour or charge a percentage of assets undermanagement (Fee based advisors) because this helps avoid many problems. Buy Personal Finance for Dummies by Eric Tyson - offers advice on how to select a CFP, CPA, etc. - worth the money