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.
When a financial advisor charges you upfront he is making money by billing your directly. This should be the standard maintained by financial advisors and they should not violate it. This assures ethical decision making across the industry. A financial advisor that bills upfront is prevented from making poor investment choices. 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. Industry information will be analyzed regularly by a good financial advisor. This will give his clients better opportunities. Listening to the needs of the client will better help financial advisors to know what opportunities will work best for them.
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. Being a member of the National Association of Personal Financial Advisors would indicate that he is one with those who exhibits the highest level of professionalism for fee-only providers.
It is quite complex to make financial decisions for yourself in you have specific financial objectives or if you are approaching retirement. And if you have to do it correctly, then you need to spend time to make proper research so that you can 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. Financial Fiduciaries LLC is a firm that can help you in your finances. This firm is a fee-only investment advisory firm which is a member of the NAPFA. 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. If you don’t have the time or expertise to handle your financial concerns, then he can provide you with fee-only financial management services.