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6 Reasons to Use an Independent Financial Advisor Financial advice and planning can benefit everyone–not just the super wealthy. Solid financial planning might help you reach your financial aspirations and objectives, securing your loved ones’ long-term future. Here are 6 benefits of contacting independent financial advisors. Provides customized financial guidance depending on your needs Independent financial advisors aren’t committed to any specific fund family or investment products. So, whatever help you need with retirement planning, estate planning, managing assets at many places, or a tax issue, an independent financial advisor is free to select from many different investment choices to personalize advice depending on what best suits 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. While specific services are different in each firm, financial advisors are often seen as “financial quarterbacks” that look after your whole financial needs. Some advisors focus on specific investment plans while others focus on comprehensive services, like borrowing, estate planning, inter-generational wealth transfer, charitable giving, sale of business, trusts, and complicated tax situations. Offers a responsive, attentive and personal relationship To give advice closely related to your goals and needs, an independent financial advisor must first understand your situation properly. 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 are a useful checks and balances system–the same party that gives you advice on investing your money doesn’t keep your money. Offers a simple and transparent fee structure Independent advisors usually charge a fee that’s based on the percentage of assets they manage. This fee schedule can provide a lot of benefits. It is easy to understand, simple and transparent, helping you avoid surprises. It also motivates your advisor to help increase your assets. You and your financial advisor succeed at the same time. Offers some peace of mind Money is a really complicated affair and there are many factors to take into account in order to both take advantage of money and safeguard it. Markets are usually unpredictable and the media usually blows the risks and rewards out of proportion. Hiring a reliable independent financial advisor will take the weight off your shoulders and transfer it to an expert. Whether you need specialist, practical, or general financial advice from an expert, the money you spend on hiring financial advice can be recouped several times over long-term.