When making decisions about your financial future, it is often prudent to seek the advice of a financial professional. However, it is important to know which type of financial professional is the best fit for you and your needs. There are many options, such as financial advisors, investment advisers, and fee-based financial advisors. <\/p>\n
When interviewing potential financial professionals, ask if they will be engaging with you in a fiduciary capacity.[0]<\/a><\/sup> This is important because fee-based financial advisors get paid based on the assets they manage for the client, while fee-only financial advisors make money exclusively from the client.[1]<\/a><\/sup> Furthermore, financial advisors can charge their clients in several different ways, such as fixed or hourly fees, commissions, or by taking a percentage of their client’s total assets.[2]<\/a><\/sup> <\/p>\n Financial advisors offer a variety of services, including investment management, education, life insurance, college planning, tax planning, charitable giving, strategies for getting out of debt, and more. Additionally, many financial advisors have career experience besides financial planning that could be beneficial for you. <\/p>\n When looking for a financial professional, it is important to consider your current needs as well as any possible future needs. Moreover, consider the payment method you prefer when selecting a financial advisor.[3]<\/a><\/sup> <\/p>\n Overall, financial advisors can help you plan for retirement, as well as a variety of other financial issues. It is important to take the time to research, interview, and choose the right financial professional for you.<\/p>\n 0. <\/span>“Times When Choosing A Fiduciary Advisor Is Critical To You And Times When It\u2019s Not” Forbes, 8 Feb. 2023, https:\/\/www.forbes.com\/sites\/chriscarosa\/2023\/02\/08\/times-when-choosing-a-fiduciary-advisor-is-critical-to-you-and-times-when-its-not\/<\/a><\/p>\n 1. <\/span>“Are investment advisers worth it? What advisers offer, minimum investments and more” The Globe and Mail, 10 Feb. 2023, https:\/\/www.theglobeandmail.com\/investing\/article-what-is-an-investment-advisor\/<\/a><\/p>\n 2. <\/span>“How Do Financial Advisors Make Money? Cost and Fees, Explained” Market Realist, 14 Feb. 2023, https:\/\/marketrealist.com\/personal-finance\/how-do-financial-advisors-make-money\/<\/a><\/p>\n