I know there are several financial-types around here, so I thought I would be able to get some very general advice.
My grandmother is sitting on a moderate sum of money–not in the millions, by any means, but enough that she should be able to invest it and live modestly off the interest. However, neither she nor anyone in my family knows anything about investing–we’ve never had enough money to worry about it.
Who would she go to for professional financial advice? She needs someone she can trust who can look at what she has, what her needs are, and what her concerns are, and decide what she needs to be doing with her money. Is there a way to tell who is good and who isn’t? What can she expect something like that to cost?
Also, what percent could someone reliably expect to earn on an investment? Like I said, she’s living (mostly) on this, so it needs to be reliable.
I’m hesitant to be more specific, since it isn’t me. If anything, I’d just like to be pointed in the right direction.
Thanks in advance.