Financial Advisor is a person who provides financial assistance or guidance for compensation. They can offer different services like investment management, income tax preparation and inheritance tax planning. For some people these financial advisors are like life coaches .If you are person who are very careful and keep an eye on each of your penny and know exactly where it is, maybe you don’t require a financial advisor. But on the other hand if you are person who doesn’t have any clue where your money goes each month and don’t have much time to research on investment options and how much you should save for retirement then you may require a financial advisor.
How to find a good financial advisor
It can be really scary to entrust your financial future to a stranger. Before hiring a financial advisor, it is always good to do some research and make sure you are hiring a very reputable advisor because only such a person can help you to improve your finances rather than making it worse. Try to get references from your friends or colleagues. Make sure the person that you are hiring has sufficient knowledge and actual experience. There are so many people out there who claim to be financial advisors, so you should make sure whatever they claim are true. Another thing to note is that whether they have Certified Financial Planner Certification or CFP.
It is always better to make sure they have done high level of financial education to obtain the certificate. It is better to choose an advisor who takes fees instead of commission because if you go for those who take commission, their main target is to sell the financial products of high price rather than making it sure whether it will benefit you or not. These commission based advisors also tries to sell as many financial products as they can because by selling more products they will get more commission. So it is better not to go for commission based financial advisors but go for independent advisors who charge you on hourly basis. It is always better to choose a financial advisor with right specialty.
The specialty of the advisor should match your need. The financial advisors we have will help you in monetizing your money. Our financial advisors will make sure that you have the best for every penny of yours.
If you want to find financial advisor in your location, you can find them through online too. If you are from Chiswick, just need to type, financial advisor Chiswick. If you are from Ealing, type financial advisor Ealing and those who are from Putney can write financial advisor Putney. But make sure you follow everything mentioned above.