Yes, you can find a financial planner even if you’re not rich

Source: Ron Lieber, N.Y.Times (Paid Registration)

An ugly fact of the financial advice industry has generally been this: There are precious few practitioners who will work with people who are not wealthy, or at least not without pushing questionable, commission-laden investments and insurance policies.

So it was refreshing to find out recently that a fledgling collection of financial planners, the XY Planning Network, had grown to nearly 600 people in just under four years. The key? To be a member, you have to agree to offer clients the option of paying via a recurring fee. Often, it’s about the same price that those clients pay for their bundled cable bill.  You must be a fiduciary, which means you have to pledge to act in your clients’ best interest at all times.

Read Full Article: Yes, you can find a financial planner even if you’re not rich

 
 

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