Advice on Financial Planner Investment advisor; Equitable?
Until now we have been managing our savings/investments ourselves by mostly buying index funds and CD's and leaving it, but realized that we need some help to diversify and do a better job investing, especially as our savings grew significantly this year due to recent windfall. Our income is enough to live on and we don't want to increase our daily expenses/budget, , so we now have an amount we want to invest and set aside so it can grow and be there for us when kids go to college, retirement or if kids need financial help later in life. We already max out contributing to retirement accounts and have kids college accounts set up, and are set on life/disability insurance. So we don't need the full spectrum of financial planning services, just want help investing and managing those investments both in retirement and taxable accounts. Any advice as to financial planners, wealth managers, investment advisors (not sure what the correct name is) who is very good when it comes to investments and building a portfolio? We both come from low to middle class families, so our families never needed investment services and don't have anyone to recommend, and we don't want to ask our friends as we are keeping quiet our recent financial good fortune. So far we spoke to financial planners in Chase, Bank of America, and Equitable, and the rates seem to vary between 1-1.5% depends on what we do. We really liked the planners from Equitable but are having a hard time finding other people who used them and can recommend them. I'd love to hear feedback on Equitable as financial planners, or other recommendations. Thanks!