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. 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 to be sure that only your interests are in his mind, then don’t choose the commission based advisor but the one who charges your with his service fees upfront.
When a financial advisor charges you upfront he is making money by billing your directly. This is the standard for reputable financial advisors that should not be violated. When this is followed, then you are assured that the decisions of your financial adviser are ethical decisions. A financial advisor that bills upfront is prevented from making poor investment choices. If a financial advisor is only after commission then his need to earn can result in poor investment choices. 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. The financial advisor should analyze industry information regularly. 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.
If you are considering a financial advisor, make sure that he has professional affiliations and a good reputation. His ethics and personality will be shown by his affiliations. 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. It is only in doing proper research can you really make an informed decision. If you contact a reputable personal financial advisory firm, then you don’t have to go through all the researching and stuff but they will make things easier for you. 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. They offer planning and investment services to individuals. 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.
One of their professionals and founder of the firm is Thomas Batterman, who represents the best financial interests of his clients. 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.