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What are your thoughts and/or experiences with MetLife's Financial Planning? I am looking at pursuing a career with them and would appreciate any feedback. Thanks.
There in lies my dilemma. Diversification is important to me as well. I like the idea of having broader parameters to work within and being able to provide non product-biased planning and consultation. NW has such a solid name that I feel it would be an asset in landing larger accounts. Choices are sometimes a curse, but a welcome curse.
IMO, the only way to obtain or provide unbiased advice in financial planning is for a fee plan to be presented with the planner receiving NO consideration from any implementation of the plan's products. They are out there, but I can't imagine anyone starting out in that business.
On the other hand, for a client who is NOT a HNWth individual, the thought of fee only planning is extremely inefficient and isn't obtaiuned by many, nor should it be... For most folks with a typical bread and butter investment and insurance need, commission driven is advice is their best option.
Well said, I really like the way you addressed different markets, and the approach that changes based on their needs.
The only downside to a true fee-only financial planner is they are not at all invested in the outcome of the plan. Of course, that really isn't what they do, they create the plan and set you off to go implement it.
Of course, the benefit of a fee only fnancial planner is they will tell you the best way to make 20% guaranteed on your money is to pay off your 20% credit card, something a lot of other planners will skip.
Dan