Reply to How do I find a reliable financial planner?

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Reply to "How do I find a reliable financial planner?"

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[quote=Anonymous]One thing to be careful of to the posters saying "Do it yourself". You are probably not spending the time to factor in your risk profile and rebalance your portfolio accordingly (based on changes in the values of the various assets). Also financial planners have access to some funds not available as an ETF (DFA funds for example), which have low management fees. The reason they get access to it and it's not an ETF is that they agree not to trade it often, which makes things a lot easier day-to-day for the fund managers.

I know I sound like I must work for one of these guys, but I don't. I am a trustee on a trust that is managed by a local firm (that is not affiliated with any big bank = they don't push their own funds); and then we have our own assets which I manage on my own (we need to use the money in 2 years = no investing). There is certainly a lot of value in just handing it over and not having to deal with it. They do all the rebalancing based on your risk profile, so even with their 1% fee, the combination of access to low-fee funds and their active management seems to more than cover it.

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