Hire a Personal Financial Advisor to Manage Your Wealth
If you want help to manage your own wealth, then it would be beneficial for you to hire a personal financial advisor. One caution in hiring a personal financial advisor is that you should choose someone who charges fees upfront and not someone who receives payment on a commission basis. This type of advisor would better protect your interests consistently.
If a financial advisor charges you upfront, then the way he is making money is by billing his clients directly. This should be the standard maintained by financial advisors and they should not violate it. This assures ethical decision making across the industry. 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. Your investments can backfire because the commission based financial advisor was only thinking of his earnings and was not aware of his poor investment choice.
If the personal financial advisor is associated with an industry research firm, then he will be a good one to work with. Industry information will be analyzed regularly by a good financial advisor. Better opportunities will then be given to his clients. Financial advisors should listen to their clients so they know the opportunities that will work best on a personal level.
If you are considering a financial advisor, make sure that he has professional affiliations and a good reputation. If he is affiliated with a known association, they you can know his ethics and personality. The National Association of Personal Financial Advisors (NAPFA) has members that are professional fee-only providers and if the personal advisor belongs to this association, then you can be sure that he is a reliable one.
Most people approaching retirement or those will specific financial objects usually are not able to make good financial decisions for themselves. It is only in doing proper research can you really make an informed decision. To make things easier for you, you can have your financial situation managed by a reputable personal financial advisory firm. Financial Fiduciaries LLC is a firm that can help you in your finances. Being a member of the NAPFA, this firm is a fee-only investment advisory firm. You can benefit from their planning and investment services. Their professionals have the knowledge and experience to help you achieve solutions to your financial challenges by doing the research and checking out the alternatives for you.
The founder of this firm is Thomas Batterman who is also one of the financial advisors who helps his clients with their financial interests. He provides fee-only financial management services and manages investment and financial affairs of individuals who don’t have the time or expertise to do it for themselves.