I am looking for a financial planner the proffessionals to help me manage investments. I know that I want to use a fiduciary, but I am a little unclear on how the process works.
Would the CFP actually manage my funds, or would they simply provide advice on what I might do?
For example, if they recommended that I invest in a mutual fund (say Fidelity), would they do that for me, or would I need to open an account with Fidelity?
I ask because I would prefer to avoid a situation where I am getting conflicting advice (from my CFP and whomever would be assigned to my account with Fidelity).
Just trying to make sense of how the relationship might work.
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I am looking for a financial planner the proffessionals to help me manage investments. I know that I want to use a fiduciary, but I am a little unclear on how the process works.
Would the CFP actually manage my funds, or would they simply provide advice on what I might do?
For example, if they recommended that I invest in a mutual fund (say Fidelity), would they do that for me, or would I need to open an account with Fidelity?
I ask because I would prefer to avoid a situation where I am getting conflicting advice (from my CFP and whomever would be assigned to my account with Fidelity).
Just trying to make sense of how the relationship might work.