I am a certified financial planner located in Buffalo Grove,IL and have been in practice for 20 years. My wife and I are currently deciding whether it is necessary to involve a financial planner with our plans. Our average client net worth is approx. We are a fee based firm versus a commissioned broker. We manage portfolio's for a fee, as well as financial plans for a fee.
B shares have higher fund expenses to recover the commissions paid out.
My personal view is that the baby boomers will continue to feed the stock market for another 10 to 15 years, so that's the place to keep majority of investments. I believe that stocks will continue to be the highest growth investments for at least the next 10 years,and beyond. How do most financial planners determine their fees. Is there a best system for the client. Seems like at end of each of the last three years many planners have predicted small caps will finally rebound and outperform large caps.