Guide to Hiring a Personal Financial Advisor
If you want help to manage your own wealth, then it would be beneficial for you to hire a personal financial advisor. If you are going to hire a personal financial advisor make sure that he is not one who receives payment as a commission but someone who receives payment upfront. If you want your interests to be consistently protected then you should choose the financial advisor that charges upfront fees and not commissions.
If a financial advisor charges you upfront, then the way he is making money is by billing his clients directly. Financial advisors should not violate this standard. When this is followed, then you are assured that the decisions of your financial adviser are ethical decisions. Poor investment choices can be prevented by a financial advisor who bills you in a straightforward way. You will be offered poor investment choices by a financial advisor who is only after commission satisfying his need to earn. And sometimes, these investments backfire and you can get really confused.
If you want to increase your wealth, then you should work with a personal financial advisor who is affiliated with an industry research firm for industry information. With a good financial advisor, there is a regular analysis of industry information. Better opportunities will then be given to his clients. It is important that this financial advisors will know what opportunities will work best for the client on a personal level by listening to what they have to say.
Professional affiliations and a good reputation should be looked for a in a potential financial advisor. This will give you a glimpse of his ethics and personality. If your financial advisor is a member of the National Association of Personal Financial Advisors (NAPFA) then this only shows that he is affiliated with an association with the highest level of professionalism for fee-only providers.
Most people approaching retirement or those will specific financial objects usually are not able to make good financial decisions for themselves. If you want to make an informed decision on your finances, then you should spend time in doing proper research. You don’t have to trouble yourself over this; the best solution is to let your financial situation be managed by a personal financial advisory firm. If you need help from a firm, you can seek advice from Financial Fiduciaries LLC. Being a member of the NAPFA, this firm is a fee-only investment advisory firm. You can benefit from their planning and investment services. If you hire such a firm, then they will be the ones to do the research and checking out alternatives for you so that they can help you achieve solutions to your financial challenges.
The founder of this firm is Thomas Batterman who is also one of the financial advisors who helps his clients with their financial interests. For people who are not able to do financial planning themselves, then Thomas Batterman is there to help you in managing your finances which is a fee-only service.