Six Reasons to Hire an Independent Financial Advisor
Financial advice and planning can benefit everyone–not just the super wealthy. With solid financial planning, you can achieve your financial aspirations and goals, as well as secure the long-term future of your family. Here are 6 benefits of contacting independent financial advisors.
Gives personalized financial guidance based on your needs
Independent financial advisors aren’t tied to any specific investment products or family of funds. So, whatever help you need with retirement planning, estate planning, managing assets at many places, or a tax issue, an independent financial advisor is free to select from many different investment choices to personalize advice depending on what best suits you.
Gives good advice for complex financial needs
An independent financial advisor can help you take care of multiple complex investment requirements that arise when you become significantly wealthy. While different firms have different services, financial advisors often serve as “financial quarterbacks” that take care of all your financial needs. Certain advisors specialize in some investment strategies while others help you with all-inclusive services, such as borrowing or estate planning, trusts, complicated tax situations, charitable giving, sale of business, as well as inter-generational wealth transfer.
Provides an attentive, responsive and personal relationship
To give advice closely related to your goals and needs, an independent financial advisor must first understand your situation properly. Therefore, many independent financial advisors strive to build strong relationships with clients. This usually requires constant, regular interactions. And since most advisors are entrepreneurs with their own businesses, they consider themselves liable to their customers.
Know where your finances are kept
Independent advisors hire independent custodians to hold and protect clients’ assets. This provides a helpful checks and balances mechanism–the same party that advises you on how to make investments with your money does not keep your money.
Offers a simple and transparent fee structure
The fees that independent financial advisors charge depend on the percentage of assets they take care of. This fee structure can have plenty of benefits. It is simple, easy to understand and transparent, helping you to avoid surprises. It also motivates your advisor to help increase your assets. You and your financial advisor succeed at the same time.
Gives some peace of mind
Money is such a complex issue and there are lots of things to consider to both capitalize on it and safeguard it. Markets are fickle and both the rewards and risks tend to be overblown by the media. Hiring a reliable independent financial advisor will take the weight off your shoulders and transfer it to an expert. Whether you want general, specialist or practical financial advice, whatever amount of money you spend on getting financial guidance can be repaid so many times over ultimately.
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