How Much Should Professional Financial Advice Cost?
A professional financial advisor may be easier to find than you realize. All the investment firms have them on staff as well as most of the banks. If your finances are large or complicated you may want to consider contracting with an independent financial advisor to guide you through the maze of investments available.
Looking For Help
Let's start with the easy, uncomplicated way of searching for advice. The first place should be your phone book. That way you'll know where the firm is located an if it will be convenient for your purposes. Assemble a small list of firms from the phone book, call and see what you can learn on the phone. Then you can determine if they will charge for a personal consultation and if they do what that fee will be. Also ask if they do charge a fee, and you contract their services if that fee will be credited back to your account. With the economy the way it is the firms may be more flexible in their charges.
Do your networking at work and play.
You never know, someone from your golf club may have a great prospect. Conversely, a business associate may be able to steer you to a great performer. Doing this may also keep you away from making the same mistakes they did in the past with bad choices. Eliminating bad advisors is as important and finding good ones.
Research
Once you think you have found an interesting prospect to possibly work with, take all you have and start your internet searches. With the vastness of the internet today there is not much you can find from the comfort of your home. You may be able to reaffirm your belief in a very short time this way.
A couple of good places to look for your research are in message boards that pertain to finances and in chat rooms that may have customers that are in there. They may be able to tell you about the experiences that they had with the same company or person that you are looking at hiring for your needs. If you are able to find this kind of information out before hand, then you will be better prepared for the experience that you are going to have. If you still are worried about what you may have to deal with, then you can keep doing the research that you need to make you feel better about what you are going to be doing. Of course, many times an internet search will net some good advice and/or find someone who can help you.
Getting financial aid is not difficult but you must find the right person/firm who understands you particular situation and goals. They must comprehend your tolerance for risk, and where you hope to be in 5, 10, 20 years. Use the person who has the best track record, and someone who is comfortable discussing all the aspects of your finances and the experience will prove profitable for you. - 23217
Looking For Help
Let's start with the easy, uncomplicated way of searching for advice. The first place should be your phone book. That way you'll know where the firm is located an if it will be convenient for your purposes. Assemble a small list of firms from the phone book, call and see what you can learn on the phone. Then you can determine if they will charge for a personal consultation and if they do what that fee will be. Also ask if they do charge a fee, and you contract their services if that fee will be credited back to your account. With the economy the way it is the firms may be more flexible in their charges.
Do your networking at work and play.
You never know, someone from your golf club may have a great prospect. Conversely, a business associate may be able to steer you to a great performer. Doing this may also keep you away from making the same mistakes they did in the past with bad choices. Eliminating bad advisors is as important and finding good ones.
Research
Once you think you have found an interesting prospect to possibly work with, take all you have and start your internet searches. With the vastness of the internet today there is not much you can find from the comfort of your home. You may be able to reaffirm your belief in a very short time this way.
A couple of good places to look for your research are in message boards that pertain to finances and in chat rooms that may have customers that are in there. They may be able to tell you about the experiences that they had with the same company or person that you are looking at hiring for your needs. If you are able to find this kind of information out before hand, then you will be better prepared for the experience that you are going to have. If you still are worried about what you may have to deal with, then you can keep doing the research that you need to make you feel better about what you are going to be doing. Of course, many times an internet search will net some good advice and/or find someone who can help you.
Getting financial aid is not difficult but you must find the right person/firm who understands you particular situation and goals. They must comprehend your tolerance for risk, and where you hope to be in 5, 10, 20 years. Use the person who has the best track record, and someone who is comfortable discussing all the aspects of your finances and the experience will prove profitable for you. - 23217
About the Author:
Richard Moran is a Financial Consultant and maven for Money Helpers. The Blog contains hundreds of articles, charts, and calculators to aid you in your financial health. All the aspects of the Blog are free and it is updated on an almost daily basis. If you are looking for any financial information or products they can be found on Money Helpers.
posted by X - Men @ 3:21 AM
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