Age can also be a contributing factor when financial advisors evaluate the client they are dealing with. Kelley Financial Group financial advisors, for example, can guide clients by suggesting the best options. Unlike a traditional financial advisor, that planning is done virtually, through telephone or video meetings. Many of us feel lost in our finances, that getting a second opinion from a financial advisor can be reassuring.
Kelley Financial Group experts are ready to guide clients through their process and ensure they get the best possible results. For example, a financial advisor may offer fewer services than a CFP, but they may not charge as much. Before you even consider hiring a financial advisor, you should inform yourself about the difference between the two. Your financial advisor can sell you mutual funds from a number of different fund companies, including Acme.
To gain a bit of experience, I have been working as a financial advisor for the past six years, specializing in investment management. For example, let's say you're looking for some funds for your retirement portfolio and you decide to hire a financial advisor. Some financial advisors and planners have specific designations, such as certified financial planner (CFP) or chartered financial analyst (CFA), both of which require certain combinations of education, experience, and testing. Your time may seem expensive, but consider the time you would need to spend learning everything they know, and it quickly becomes clear why financial advisors can charge for your knowledge.
Sometimes they are financial advisors with an “E”, financial planners, investment advisors, or wealth managers. Investment and finance are difficult topics for everyone, and financial advisors understand that very well. SmartAsset has earned a reputation for helping people connect and started working with a financial advisor, which in my experience is a big game changer when you start to really plan for your financial future. AFCs often focus on working with middle- and low-income clients, so this option may be more affordable than hiring a financial planner.