Late Bloomer Wealth

Fee-only Fiduciary Financial Advisers, discussion continues.

Continuing the discussion, locating a financial adviser who looks after your best interest

Choosing a financial adviser is one of life’s major decisions that could cost you thousands of dollars in investment fees over many years, if you don’t do your due diligence. As you know Dan and I have our money in Vanguard because of their low-cost index funds. Our portfolio is nothing fancy, actually it’s boring, but it gets the job done. We bought a Tesla which reflects how our low-cost, fully diversified portfolio has been performing since 2004 (and our values of doing our part to create American jobs and save the environment).

While we don’t use an adviser we realize that many people need one. You want an adviser who would also choose Vanguard. Many advisers don’t like Vanguard, just ask yours.

So, just about any financial professional who says in a published article that John Bogle, founder of Vanguard Group, the largest and most respected low cost investment company in the world, is his or her “hero,” that’s a professional who is a genuine fiduciary.

Sherl Garrett heads up this organization that has fee-only fiduciary financial advisers in her organization. We have had a link to her organization on this website since day 1 (along with the National Association of Personal Financial Advisers, NAPFA). With articles like this coming from the top of this professional organization, you know the adviser you have will not put you in high cost, commission laden mutual funds or the hot stock of the day.

Be sure to read the comments after Garrett’s article: http://blogs.wsj.com/experts/2014/05/05/why-john-bogle-is-my-investment-superhero/

Garrett’s Organization Website: http://garrettplanningnetwork.com/

Another article when Ms. Garrett takes on the financial industry: http://www.investmentnews.com/article/20140506/FREE/140509941#

In case you missed our last Blog post, scroll down for more information about finding a fee-only fiduciary financial adviser. Feel free to print out the Fiduciary Oath and ask your adviser to sign it.

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