Hess The hardest step entrepreneurs take is getting their start-up off the ground once and for all. The second hardest step is growing it into the best business it can be.
OP, what do you think happened to all of those mortgage brokers? They all went into financial planning. Because they had the suits and leatherette portfolios. You get what you pay for in financial planning. You either visit a firm that has minimum requirements to make it worth their time or you spend hours studying financial planning and make use of a discount broker or you wander in to some twit who wears cheap shoes and pray their paid-placement funds are 'best of breed'.
I probably could pay lower fees with another company, but my advisor has done well by me and my portfolio about half a millioneven weathering the downturns in and rebounding.
I'm smart enough to realize I'm too dumb to handle my own investment decisions without professional input. So I pay for it. What are you using as a bench mark to determine that you have done well by your advisor?
Have you ever done the math on what impact the compounding effect of the fees and edward jones business plan advice growing you pay are costing you? You could probably do much better to put your money in a lifecycle or target fund and be done with it. Buy or borrow a book like, "The Boglehead Guide to Investing" and read it.
It really doesn't have to be that complicated. Use a fee only advisor as a sounding board and pay them by the hour. True, and a fee-based planner would be my first recommendation for someone with a GREAT deal of money and little to no investment smarts.
But there is still a bit of a risk, as someone else pointed out. And, today, those impressive-looking financial plans are generated almost entirely by software, which is worthless if the user doesn't know what is important to input. In the interests of full-disclosure, I was R5 above, so you know I'm no fan of Ameriprise.
They are the WalMart of financial planning, but you can occasionally find someone there who is good My advice would be to find someone in a similar financial situation as you, and ask them who they use and are happy with. People are always assuming I can advise them on finances, and I am quick to point out I use a financial planner myself, so obviously they should rely on any investment advice I come up with.
Too often, people concentrate on the tax implications of an investment, rather than looking at its proven after tax yield and appreciation, which is really what is important. The independent planner I use I refer clients to her, and am gratified that everyone seems quite happy with her. I do get and give feedback on other planners my clients see.
I've seen people put into high risk or low return investments that clearly only benefit the seller with high commissions. I've seen 80 year old clients put into long term annuities that would take a good years before they recover the upfront sales load and actually show a return.
And don't get me started on banks that detour CD-investors to their mutual fund salespeople, claiming a much higher "interest" payment, without explaining the risks and uncertainties.
As far as the big brokerages go, I have been most impressed by Edward Jones. I have never encountered a situation where I would second-guess anything they told a mutual client, and they explain things simply and accurately. Consider this a post of appreciation - you do something nice and useful for us gays.
She's very good, and she has made me a multi-millionaire. Yes, but I bet you started as a billionaire. I've had good experiences with them. I had one planner over 20 years and then he retired. I'm very happy with the new planner I use.
I'm hoping to retire in a few years and am planning on having around a million dollars in my portfolio. I'm surprised to read these negative posts about Ameriprise. TaxTroll, I am shocked to hear you endorse Edward Jones advisors.Holes in the Business Plan.
Over the years, Edward G. Jones & Co. LLC has evaluated hundreds of business plans, and has developed a system to gauge how likely a company's Business Plan will get an investor's attention and receive funding.
– Goals for building and growing the business – Plan of action to achieve goals. Hey Edward, I took a look at your website and I had your logo saved to my computer, it said it was done by a third party. I am struggling however with “Marketing Stratergies” Any advice, please Bill Jones.
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She sold her business in and consulted with the purchaser until , when she joined Edward Jones. Virginia enjoys camping, music, reading and theatre.
She lives with her husband, Peter, and their 12 year old dog Chihuahua, Bella, in Hobe Sound, FL. As a Financial Advisor at Edward Jones, you'll experience ongoing training and development throughout your career.
Many of the training programs and workshops incorporate best practices from top branch teams at Edward Jones as well as other organizations.