Vivian Honeycutt CFP® started in the planning profession in 2000 as an advisor with Prudential. She started her Fee Only practice in 2005 because of the inherent conflicts of interest in providing financial planning advice while also selling products. She received her certificate in Financial Planning from The American College in 2004, and achieved her CFP® designation in 2005. Vivian also has held the series 7 and series 65 securities license, as well as Life and Health, Annuities, and Property and Casualty insurance licenses.
Vivian has been a member of NAPFA since 2005, and FPA 2005 thru 2009. She has served as President of the Southeastern Chapter of the National Association of Women Business Owners, 2006-2007, and is still an active member of this organization. She has also participated in volunteer activities that promote financial planning through the Kiplinger Jump Start Your Retirement day’s events, and does seminars for nonprofit organizations from time to time.
In her spare time she enjoys spending time with her husband, children, and grandchildren as well as close friends.
I think this rate is pretty high, but it depends on what you are receiving for your money. Are you being charged assets under management only, or is there financial planning involved? Also, you may want to check on whether you are also paying commissions on the funds in your portfolio.
Did she have a will? If so , that should determine beneficiary designation. You will have to check with your state on probate, but I doubt you can avoid probate for this one.