Motorola Retirement

For the last fifteen years I’ve specialized in helping corporate folks create a strategy that allows them to spend more time doing the things they love. One of the things we’ve found is that when people retire from Motorola they often go through a “honeymoon” period for awhile & then start thinking about what they really want to do next. I enjoy helping Motorola Execs figure out what they want to do the rest of their lives.

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Location: Schaumburg, Illinois (888)467-8593, United States

After struggling with his weight for more than twenty five years, in Nov 2004 Mark McKenna Little made up his mind that being unhealthy was no longer acceptable. Through sensible eating and increased physical activity (absolutely NO drugs or surgery) he lost 140 pounds and now does four triathlons per year. Early in 2007 he challenged a group at his church that if they were serious about losing more than forty pounds each... he would mentor them to make a total body transformation. SO, THE 2007 FITNESS RACE WAS BORN... Mark Little owns an unrelated business, which he operates, but is mentoring 15 individuals to make similar health and fitness transformations in their lives by September 30, 2007. Many of those in this group have well over 40 pounds of excess weight, but have set a goal to get light enough to do the 2007 Accenture Chicago Triathlon with Mark on August 26, 2007. FOLLOW THEIR STORIES BELOW

Friday, August 04, 2006

How do most financial advisors charge?


Some charge commissions, some charge fees others charge by the hour. This is an area you need to get straight answers to straight questions. Be probing and ask things like, "Other than your fees, what are the internal 'hidden' fees inside the investments you might place me in?"

Keep in mind, unless you are a do-it-yourselfer (who should not be contemplating hiring an advisor), advisors can and should charge in some way for the advice and guidance they give you. As a matter of fact, if it seems their time is "free" to you or very low cost... ask even more questions. You see, your Grandmother was right... "There's no free lunch."

For example, at our firm, we charge a single simple fee which is a percentage for the assets under our management according to a schedule outlined in our Investment Advisory Agreement.

1.25% of the first million dollars
0.95% for the next two million (2-3m)
0.75% for the next two million (3-5m)

In addition to our fee, the investments we utilize (EX: mutual funds), will have their own internal 'hidden' fees. We use low-cost no-load funds and ETFs, but this is an issue we want up-front and fully disclosed for clients to understand. Be sure you have this type of conversation with your potential advisor.

posted by Mark Little | 1:05 AM

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