Your Questions Answered

• Creating a financial plan
• Managing your investments
• Saving for retirement
• Reducing your debt
• Planning for your estate

A financial advisor can also provide objective advice and help you make informed financial decisions.

• Ask your friends, family, or colleagues for recommendations.
• Search for financial advisors in your area online on Advisable Finance

• Experience: How many years of experience does the advisor have?
• Credentials: Does the advisor have professional certifications, such as the Certified Financial Planner (CFP) designation?
• Fee structure: How does the advisor charge for their services?
• Investment philosophy: What is the advisor's approach to investing?
• Communication style: Does the advisor communicate in a way you can understand?

• What are your qualifications and experience?
• What are your fees?
• How do you get paid?
• What is your investment philosophy?
• How often will we meet?
• How will you communicate with me?

The best way to tell if a financial advisor is right for you is to meet with them and get to know them. Ask them questions about their experience, investment philosophy, and fees. You should also feel comfortable communicating with them and trust they will act in your best interests.

• Fee-only advisors charge their clients a fee for their services. They do not earn commissions from selling products like insurance or mutual funds.
• Commission-based advisors earn commissions from selling products to their clients. They may also charge their clients a fee for their services.

It is important to note that both fee-only advisors and commission-based advisors can be qualified and ethical. However, it is important to be aware of the advisor's fee structure and how they are compensated so that you can make an informed decision about whether or not to work with them.

Whether or not you need a financial advisor depends on your individual circumstances. If you are comfortable managing your finances and understand investing well, you may not need a financial advisor. However, working with a financial advisor can be beneficial if you are new to investing or have complex financial needs.

The cost of working with a financial advisor varies depending on the advisor's experience, credentials, and fee structure. Fee-only advisors typically charge between 1% and 2% of the assets they manage for their clients. Commission-based advisors may charge a percentage of the products they sell to their clients and a fee for their services.

Whether or not it is worth it to pay for a financial advisor depends on your individual circumstances. Working with a financial advisor can be beneficial if you have complex financial needs or are new to investing. However, if you are comfortable managing your finances and understand investing well, you may not need a financial advisor.