What kind of Financial Advisor do I need?

Question

Hey Everyone,

I am struggling trying to figure out what kind of Financial Advisor I need. I am trying to accomplish the following:

- I have 7 properties that have great cashflow that I plan to retire off them.
- I want to talk about my retirement plans, if I should form an LLC, if I should be investing in my 401k, etc.

I got this far mostly by myself and it’s to the point I need some guidance. I'm not sure if I need a fiduciary, wealth management firm, financial advisory. All I know is I'm just looking for strategy help/expertise and not for a company to manage my investments/funds who preferably charges a flat fee vs a % of my assets. Any guidance would seriously be appreciated!

Jonathan Bock · Answer

@Derrick Wortman

Lots of advisors offer what you are looking for finding a fee based or fee only planner could be great for you.

-Fee based means they can sell commissioned products (insurance mostly)

-Fee Only means no commissioned sales usually a %AUM, AUM & Fees or Fees Only.

I offer a monthly fee program for clients like yourself and no AUM is required.

If you click on the build your team tab you will see the directory of sponsored advisors and if you check out the personal finance section you will see several of us that post regularly.

Jon Bock, CPA/PFS

Nicholas L. · Answer

@Derrick Wortman

see if you can go to some REIA meetings and find out who other folks locally to you are using and happy with