We Each Hired a Flat Fee Financial Advisor. Was it Worth It?

Here's what we learned by hiring a financial advisor for a fixed fee of $1,000. Rather than pay a costly ongoing assets under management (AUM) fee, we wanted to test out this increasingly popular fee-for-service advisement model. We each hired the same fee-only, advice-only advisor to evaluate our portfolios and answer our questions. We share how we found this advisor, what the process was like, the specific questions + answers we had, and who we think could benefit from such a service.

Is this the right option for you? Maybe.

**Show notes: https://twosidesoffi.com/1Kadvisor

Timestamps:
00:00 A $1K advisor?
01:20 How we found the advisor
03:38 The process
06:58 Questions we asked
14:30 You should pay off your mortgage
18:12 How customized is this?
23:30 Challenging the "4% Rule"
30:43 Key learnings
36:39 Fact checking
42:19 Weighing the advice
49:52 Who should do this?
56:48 Lessons learned

**Show notes, tools, resources + information: http://twosidesoffi.com
**Our podcast: https://twosidesoffi.com/podcast/

**Eric’s "NOW" page at 30X40 Design Workshop: https://thirtybyforty.com/now
**Jason's blog: https://thenextphaseisnow.com
**Eric’s YouTube Channel: https://thirtybyforty.com/youtube

#twosidesoffi #financialindependence #firemovement

‪@30by40‬

**Note: This content does not constitute investment advice and is being presented for informational and educational purposes only.