6 Reasons to Use an Independent Financial Advisor Financial advice and planning can benefit everyone–not just the super wealthy. With solid financial planning, you can achieve your financial aspirations and goals, as well as secure the long-term future of your family. Below are six reasons why you should consult an independent financial advisor. Gives personalized financial guidance based on your needs Independent financial advisors aren’t tied to any specific investment products or family of funds. So, whether you need help with a tax issue, retirement planning, managing assets at various locations, or estate planning, an independent advisor has the freedom to pick from many different investment options to personalize advice based on what is best for you.
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Gives solid advice for your complicated financial needs
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Independent advisors may help you address a range of complex investment requirements that come up when you acquire significant wealth. Although specific services vary with firms, financial advisors often act as “financial quarterbacks” that focus on your entire financial picture. Certain advisors specialize in some investment strategies while others help you with all-inclusive services, such as borrowing or estate planning, trusts, complicated tax situations, charitable giving, sale of business, as well as inter-generational wealth transfer. Offers a responsive, attentive and personal relationship To give advice that closely matches your goals and needs, an independent financial advisor first needs to fully understand your situation. So, many independent financial advisors create strong relationships with customers. This normally requires regular, continuing interactions. And since most advisors are entrepreneurs with their own businesses, they consider themselves liable to their customers. Know who is holding your money Independent financial advisors use independent custodians to keep and protect their customers’ assets. This provides a supportive checks and balances system–the same individual who gives you advice on how to invest your money doesn’t hold your money. Provides a transparent, simple fee structure Independent financial advisors usually charge fees that depend on what percentage of assets they manage. This fee schedule can provide a lot of benefits. It is transparent, easy to understand and simple, which helps you avoid surprises. In addition, it gives your advisor an incentive to increase your assets. As your financial advisor succeeds, you also succeed. Gives some peace of mind Money is a very complex matter and you have to consider a lot of factors to both make the most of the money and protect it. Markets are unpredictable and the media tends to exaggerate both the rewards and the risks. Hiring a reliable independent financial advisor will take the weight off your shoulders and transfer it to an expert. Whether you want general, specialist or practical financial advice, whatever amount of money you spend on getting financial guidance can be repaid so many times over ultimately.

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