When it comes to planning for your financial future, you may find yourself asking questions that require the help of a financial professional. But which type of financial professional do you need? It is important to consider why you want to work with a financial professional and research which type is right for you, then take the time to interview them.
Financial advisors come in many forms and not all offer fiduciary services. When interviewing, make sure to ask if they will be engaging with you in a fiduciary capacity. Fee-based financial advisors get paid based on the assets they manage for the client and are able to also sell products for a commission. A fee-only financial advisor, however, only makes money from the client.
Financial advisors make their money from hourly or fixed fees, commissions from product sales, and/or a percentage of the total assets they are managing. When selecting a financial advisor, make sure to consider their experience, payment methods, and current and future needs.
Financial advisors are essential for retirement planning, providing services such as investment management, education, life insurance, college planning, tax planning, and more. Investing in a financial advisor can help you plan for a successful retirement.
When selecting a financial advisor, it is important to research thoroughly to make sure you are getting the right fit. With the right financial advisor, you can ensure a bright financial future.
0. “Times When Choosing A Fiduciary Advisor Is Critical To You And Times When It’s Not” Forbes, 8 Feb. 2023, https://www.forbes.com/sites/chriscarosa/2023/02/08/times-when-choosing-a-fiduciary-advisor-is-critical-to-you-and-times-when-its-not/
1. “Top 16 Questions To Ask a Financial Advisor – TheCork.ie (News & Entertainment)” TheCork.ie, 10 Feb. 2023, https://www.thecork.ie/2023/02/10/top-16-questions-to-ask-a-financial-advisor/