What You Should Look For In 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.
The way that the financial advisor makes money is by billing your directly that is why he chares you upfront. This is the standard for reputable financial advisors that should not be violated. This will ensure ethical decision making among personal financial advisors. 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. The financial advisor should analyze industry information regularly. 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.
Consider a financial adviser who is a member of a known association and someone who has a good reputation. If he is affiliated with a known association, they you can know 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.
If you are someone who has specific financial objectives or your are approaching retirement, making financial decisions for yourself can be complex. 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. 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. What they offer to individuals are planning and investment services. These financial advisory firms can help you in your financial decision making by doing the research for you and checking out investment opportunities.
One of their professionals and founder of the firm is Thomas Batterman, who represents the best financial interests of his clients. 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.