Fee-only financial adviser with DFA access
Category: Business and Money > Finance
Asked by: need_fee_only_help-ga
List Price: $200.00
15 Nov 2006 13:14 PST
Expires: 15 Dec 2006 13:14 PST
Question ID: 783047
I'm looking for a financial advisor to help manage my investments. They should have the following properties: 1) They must be certified by DFA [www.dfaus.com] for access to DFA's funds, as I already have some money invested with them. If you don't have a DFA-approved advisor, you can't buy DFA funds or otherwise add any money to your existing DFA holdings [other than dividend re-investments]. Brokerages may seem to offer DFA funds for sale to all, but when you actually try to buy them, they'll stop you. 2) They must be willing to have and use trading authority over my existing brokerage account. I should be able to call up and say "Rebalance for me" and have it happen. They won't be able to withdraw money from the account. 3) They must be compensated either hourly or with a flat rate per year/quarter/etc., not as a percentage of invested assets, nor by commission, markup, or kickback of any kind. 4) They must have a reasonable set of credentials [CFP or other industry or scholastic certifications]. 5) Evanson Asset Management and Frank Rimerman Co are unacceptable for reasons not listed here [which won't apply to other advisers]. 6) They must be willing and able to work with clients in California. They need not be in California if they're willing to work by phone/email/etc., but they must be in the USA. Basically I'm looking for someone to give me investment advice, but accept my input as well. I favor a passive, index-based investment style, and trade very seldom. I don't want to pay for services I don't use, but want good advice when I need it. I want someone who'll let me know how things are going periodically, and call me up once a year and say "It's time to rebalance. Shall I do that for you?". I realize that you can't necessarily tell all of that from websites, but if you find folks who satisfy the conditions above, I can check out the rest. What I'd like is contact info [email and/or phone number] and supporting references for several qualified advisers. The more choices I have, the better, but I'd be happy to find at least 2.
Re: Fee-only financial adviser with DFA access
Answered By: keystroke-ga on 15 Dec 2006 12:58 PST
Hello need_fee_only_help, Thank you for your very interesting question. I'm going to go ahead and give you the investment advisors that I have found (which all come highly recommended) and work with the DFA and clients from all over the country. I have gone with the National Association of Personal Financial Planners' definition of "fee only"-- the financial planner only takes a fee and not a commission on investments. The following advisors all fall into this category. The first two are more of a "flat fee" basis. The others are those with the lowest fees I could find besides Cardiff Park. -------------------- Cardiff Park Advisors http://www.cardiffpark.com/our_fixed_low_fees.aspx Cardiff By the Sea, California Phone (760) 635-7526 | Toll Free (888) DFA-2238 | Fax (760) 284-5550 -------------------- Altruist Investment Advisors Phone: 269-857-2743 Toll-Free: 1-888-894-8244 Fax: 269-857-3753 E-Mail: firstname.lastname@example.org Eric E. Haas, MBA, MS Altruist Financial Advisors LLC 3754 65th St Holland, MI 49423-9739 http://www.altruistfa.com/services.htm -------------------- Buckingham Asset Management https://bamweb.bamservices.com/ Buckingham comes highly recommended and is a notable purveyor of the DFA. ----------- Investor's Capital Management LLC Menlo Park, California http://www.feesonly.com/ ----------- Sources: National Association of Personal Financial Planners http://www.napfa.org/consumer/WorkingwithaFeeOnlyAdvisor.asp Vanguard Diehards Forum "Low Cost DFA Investment Advisor?" http://socialize.morningstar.com/NewSocialize/Asp/FullConv.asp?forumId=F100000015&convSeqNumber=54693&mrr=1164143460 Search terms: fee-only fee-only dfa california If you need any additional clarification, let me know and I'll be glad to assist you. --keystroke-ga
rated this answer:
Sorry about the lack of response to your questions; I'd thought Answers would email me on any activity, but perhaps I set it up incorrectly. While I was asking for 2 advisors, I wasn't really expecting that you'd find any that fit all my requirements, as I'd already looked around for a while myself. As it is, you found me Cardiff Park, which qualifies, so I'm going to call this answer OK anyway. Thanks for the help!
Re: Fee-only financial adviser with DFA access
From: denco-ga on 08 Dec 2006 12:27 PST
Howdy need_fee_only_help-ga, My colleague keystoke-ga is spot on with the above stated assessment, and I have no doubt that it is not casually stated. I would suggest that you have keystroke-ga work up an answer that has suggestions of percentage based advisors for you, especially as Evanson Asset Management is not a viable alternative. Looking Forward, denco-ga - Google Answers Researcher
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