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Sure, an agent (many times a CPA will provide this) can do this for you
Basically they will need to sign an agreement to be confidential AND to serve in a fiduciary capacity
You see this less and less today, hoqwever, as more and more banks offer this as a fairly automated service on the web sites for their customers
Is this a safe thing to do and can it be done for individuals?
In would contact a fee-only financial planner who is also a CPA. They adhere to a fiduciary standard (which means that legally they put your interests first... Here's the professional association for those folks:
Well, I have no money to speak of. I work 2 full time jobs and am 60 years old. I just can't hold on to money.
You'll notice that there's a "find an advisor" section on the bottom left ... use that to narrow down to your geographic area, then look for the ones that advertise as financial managers, that have both the CPA AND the CFP designation and finally, that will provide services by the project or hour
That's ok I'd use the search to call up a few of the ones that meet this criterias and give them a telephone interview
Ok, will do. I don't think I'd call any of the ones who say "wealth management", right? :)
That's right ... just stay away from the ones that talk about AUM or Assets Under Management fees, they're essentially just investment folks .. TH folks who are part of the Garret Financial Network (I have no association) use a business model that should work for you
Alright, I've narrowed it down to three. Thanks for you help. It may or may not work, depending. At least you've pointed me in the right direction. I love this website. :)
Thanks so much ... they're good folks the fee only people .. just be sure you dont stumble into the commission sales folks that try to steer you into an investment .. what you need is just basic financial management/planning
If the HAS helped, I'd appreciate a rating of 3(ok) or better... that's how they pay us here ... BUT if you need more on this, come back here, so you won't be charged for an additional question ... Thanks again