I am approached by financial advisors regularly; they are prowling only for high net worth clients. Now every high net worth client that I have, has at least one financial advisor and a few have a couple. Some even run their own investment accounts as well.
Now, most of the high net worth clients, who come to me, came directly as referrals from financial advisors that I work with.
For those investors that are not high net worth with smaller portfolios are having a difficult time in finding a qualified financial advisor. Now I am talking ones who has a few years of experience, not one who just passed the Series 7.
For them there are seemingly only newly minted financial advisors or robo- advisors from the holding company.
Small investors have the option of going out on their own for internet advice. If they do go it alone they can look into treasury issues these can work best, at treasurydirect.gov.
You can buy bills, notes and bonds directly from Uncle Sam without a commission, in increments as small as $100. A sample ladder might include a six-month bill, then a one-year note, two-year note, etc., finishing the series with a seven-year note.
Recently, that combination yielded 2.35%. And the risk of default is practically nil.