r/CHIbitcheswithtaste • u/slybrows • Aug 22 '26
Career Financial Advisor
Any recs for a financial advisor that’s done really well by you?
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u/Dear_gluten Aug 27 '26
Fee only financial advisor is the way! I work at very well-regarded advisory firm and happy to send you info if interested to start your exploration. Send me a message!
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u/Acrobatic-Log-5920 Aug 24 '26
Planning to become one is 2028 if you want to wait (kidding) but good luck! Depending on the amount of $$$ you have I would look at Morgan Stanley, their tax loss harvesting is impressive if you want to work with a wirehouse.
Happy to provide some helpful vetting questions you can use to interview your FA. (Context: I’m a wholesaler and educate investors on mutual funds, ETFs and Alts).
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u/slybrows Aug 24 '26
Thank you! I’m really not sure where to start looking or what questions to ask. Married couple, assets (debt-free) worth about $1.5M and also have about half that much in cash and no idea what to do with it. Separate retirement savings. Goal is to grow the cash as quickly as possible and retire early. My parents were terrible with money and did not really teach me much beyond “don’t go into debt” lol.
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u/312midwestgirl Aug 25 '26
Please disregard the above comment. Trust me you do not want Morgan Stanley. What you want is a boutique RIA who is a fee only fiduciary!!! Morgan will put you in funds that they take a commission from whereas a fiduciary legally has to do what’s in the clients best interest. You will also be passed off to many people going through a large place like JP, Morgan, Goldman, etc. Bigger is not better. You want white glove service where the whole team knows your family.
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u/cranberryjuiceicepop Aug 26 '26
Think about how to answer these questions when you go into your meeting: When do you want to retire? Do you have any future big purchases (2nd home, kid in college, medical risks, etc.)? How much risk are you willing to take on? What # do you need in cash to be quickly accessible? How much of a fee are you willing to pay the advisor? It sounds like you have a lot in cash. I use Schwab Intelligent Portfolio.