[Thread merged into here, see below. --admin LadyGeek]
My new wife and I just spent about $2k on a financial planner to get an investment plan in place. We really liked the advisor we worked with and found the process very helpful. After getting tons of helpful feedback in a previous post of mine
on weather to use his firm for wealth management, I am pretty certain we will not.
Given that, the last step in the planning process with him is that he would make the initial investments of our money. We have all our money sitting in a few different Schwab Brokerage accounts (one for emergency funds, one for long purchase savings, one for retirement) that has yet to actually be used to invest in any funds. Many responses to my previous post
made clear to me that I should get information on the funds he plans to purchase before telling him to go ahead.
What information should I ask for? I'm currently planning on requesting the following:
1. Fund expense ratios
2. Whether any have "loads" (is there any justification for buying ones with loads?)
What else? I'm happy to let him make the initial purchase of funds, but I want to make sure that they are good ones to invest in, don't incur any unnecessary costs up front, and won't cost me anything to switch to different ones if I so choose.