Host
Gertrude Boyd
Podcast Content
If you get to the point where you have a decent amount of wealth, whether it is liquid investments or tangible assets which can not be readily available to convert into cash, ask a financial advisor to educate you and help you make the best decisions. If you work with a financial advisor to sort out your money, you trust that person to make the best decisions to improve your financial health in the long run.
Many consultants will also tell you that they can handle all aspects of your financial affairs, although sometimes it may be better to hire different people who specialize in different areas of the financial world for example. No matter how good advice is or how disinterested the motives are, financial advisors are just as willing to make money as anyone else.
If they make money from commissions or paid services, you have a right to know: You need to know exactly who you are working with, what standards they adhere to and how they make money. Instead, ask questions to understand how much a financial advisor will cost and how they charge a commission.
Unfortunately, not all financial advisors are created equal and Flatley strongly encourages clients to do their own research before hiring one - the public disclosure website of an investment adviser and the website of the CFP Board of Directors are excellent places to start - however, a financial planning framework is perfectly feasible with a consultant anywhere compatible by demographic, specialty or niche with the client.
For example, with an investment advisor, compensation is calculated solely from commissions or a percentage of the assets under management. For example, a financial advisor who moves from one brokerage firm to another may receive up to four times of his annual salary. Financial advisors usually discount commissions of at least 33% or more of their corporate plan, but will only offer this to some clients and not to others.
Many financial advisors also have to make a living in some way so don't expect them to halve their commissions for any client - many will work hard to manage your money in the best possible way, offering advice that suits your interests - by knowing the following secrets and doing your due diligence you can be sure you are getting the correct advice and management of your finances from a financial advisor - including helpful financial advice and coaching.
Why the best financial advice shouldn't be kept secret - it should be accessible to everyone and easily embedded in your financial history so you can feel entitled to make your money work for you. I hope they help you break taboos and talk about the best financial advice you can give your friends and family. I would appreciate the opportunity to share some of the knowledge and experience I have gained as a financial advisor. Find ways to become smarter and more confident in solving money problems and ask for help when you need it.
With any investment of this, you need to find a well-paid accountant, lawyer, and financial advisor who adheres to the standard of trust in every way. Keep in mind - all financial advisers are required to sign a fiduciary commitment, but many will not.
Commissions usually have nothing to do with the ultimate success of the investment, which means that the consultant may actually be bribed for putting your money into a bad investment. Financial planners and consultants are responsible for making recommendations and decisions to help people define and achieve their financial goals. The secrets of Rattiners' financial planning allow industry professionals to listen to and learn from the best talent in the industry. "The Secret of Successful Financial Planning" allows readers to be responsible for their own financial status and future, regardless of their financial status.
Those who avoid the examination of their finances are not necessarily missing a little education to help them get back in control. These 12 steps will not solve all their financial problems but will help you develop healthy habits that will help you achieve financial freedom, whatever it means to you.