Independent wealth management is a term used to describe the work of financial advisors, investment advisers, and insurance agents that are not tied to any institution. They are independent because they have no interest or relationship with the institution that employs them. These people often have different interests, different areas of expertise, and come from varied backgrounds. Some of them are keen environmentalists, some others are interested in estate planning. In contrast, many others prefer to focus on certain types of investments, especially those that offer high-profit margins. Regardless of their particular preferences, independent wealth managers all operate within the same parameters of managing and investing the money of their clients.
Why go with an independent financial planner?
The answer is very simple. Most financial planners are tied to a commission structure to receive a set percentage of what the customers spend. Why go with a company that will take your money and gives you nothing in return, especially when a non-profit group has developed an information website with hundreds of professionally created financial plans that do not cost any money to use.
An independent financial planner is completely objective about your goals. They receive no compensation for recommending a specific investment product or plan. They simply present the information, and the customer decides on whether it’s right for them. You don’t have to worry about them trying to sell you anything or trying to sell you on the latest trend, or recommending the least expensive plan. They simply present the facts, the data, and the personal experiences and then provide you with advice on how to achieve your goals.
Also, you can trust an individual planner with your personal information because these individuals have gone through the process of being a certified public accountant. This means that they have been cleared to handle your financial information and can therefore impart that information intelligently. They are also well versed in personal investing techniques and understand how to manage risk. Lastly, you’ll find a financial planner who is completely honest, which I think is very important because the last thing you want is someone recommending an investment product or plan that will ultimately cost you more money than you make.
What are independent financial planner services?
Independent financial planning services can be very helpful when you want to make sure that your investments and other financial dealings are in place. There are times when individuals and families need help to ensure that they are meeting their goals for retirement and investing for the future, and even if they are only interested in setting aside a small amount of money each week, they will still need to have it there, ready to go and be invested by their wishes. What are independent financial planner services? These are the services that you can turn to if you need someone to do these things for you, without the stress and overheads of hiring another company for these services.
When looking for such a service, you will want to look for a highly rated company or at least respectable to make sure that their planner services will be trustworthy and professional. You may also be interested in finding a company that offers financial planning advice on a fee-only basis so you can save money on the fees that would be required if you hired someone to do the job for you. Also, you may want to ask about the types of financial planners that can be used for your own personal needs, such as how many years of experience in the field, whether or not they are insured, and what types of investment options are available for you. Additionally, if you find a planner service that allows you to access their services online from your computer, you may want to take that route as well. Although not everyone has access to a computer all of the time, you may find that being able to invest remotely can be very convenient and even save you money in the long run.
What I must do before meet with an independent financial planner?
Before meeting with a financial advisor, you will need to ask yourself the following questions: What are my personal goals for my personal financial planning? Is this primarily for personal gain, or do I want to become financially independent? Do I have any assets that need to be liquidated in the future, and if so, what are the types of properties or assets that need to be purchased? Do I have any debts that are of a high-interest rate? And what are the realistic monthly expenses that I can reasonably anticipate based on my current financial situation?
A good financial planner will offer sound advice and be straightforward about it. He or she will not attempt to sell you anything. They are not trying to build your business or make money off of you. They are there to help you find the best path to financial freedom. If you do all of this, and you do not end up regretting your decision to meet with an independent financial planner, then you have made the right choice.