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.
If a financial advisor charges you upfront, then the way he is making money is by billing his clients directly. Financial advisors should not violate this standard. 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 you financial advisor is only after commission, then he can be offering you poor investment choices. You get terribly confused when your investments backfire.
Choose a financial advisor who works with a firm that researches industry information. With a good financial advisor, there is a regular analysis of industry information. With his research, he can give his clients better investment opportunities. 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. 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. If you want to make an informed decision on your finances, then you should spend time in doing proper research. To make things easier for you, you can have your financial situation managed by a reputable personal financial advisory firm. 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. 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.
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.