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. 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. Financial advisors should not violate this standard. 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. If a financial advisor is only after commission then his need to earn can result in poor investment choices. You get terribly confused when your investments backfire.
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. 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. This will give you a glimpse of 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.
If you are someone who has specific financial objectives or your are approaching retirement, making financial decisions for yourself can be complex. 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. To make things easier for you, you can have your financial situation managed by a reputable personal financial advisory firm. One such firm is Financial Fiduciaries LLC. This firm is a fee-only investment advisory firm which is a member of the NAPFA. What they offer to individuals are 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. 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.