Post #1048 by Baltassar on the Mechanical Investing board

Investment Strategies / Mechanical Investing ❤

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I have never used a financial advisor, but neither do I give financial advice, so I have looked into them from time to time for family members. I never considered anything other than a fee-based service. Lawyers, accountants, dentists, plumbers -- all work on the basis of fee for services. I do not understand why financial advisors should not do the same.

Some do. And if I ended up using an unusual amount of their time, I'd expect them to charge me for it. But they don't get to charge me just because I've got money worth managing.

All that said, some of the things you're dealing with, especially the trust, are things I'd take to a lawyer, not a financial planner.

Baltassar

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