But if you want to take control of your finances and have a plan for your future, then financial planning is the way to go. Our experience is that most people think they want a financial advisor, but what they need is a financial planner. They know that their financial planner is on the same side of the table as them, working with them to help move them closer towards their goals and aims in life.
This is the hallmark of global standards in financial planning. We provide independent financial advice, pension advice, investment advice, inheritance tax planning and insurance advice. If you would like to speak to a Financial Advisor , we offer an Initial Financial Consultation without cost or commitment.
Meetings are held either at our offices, by video or by telephone. Our telephone number is This article provides information about investing, but not personal advice. Remember that investments can go up and down in value, you may get back less than you put in. Are you looking to partner with an award-winning independent financial adviser? Make smarter decisions with your finances - book a call with an expert today.
Home About us Meet the team Why us? Published in November The fiduciary standard, however, requires that the adviser recommend the best course of action for you, bar none. Financial planners who have the CFP certification are fiduciaries. If you have any doubt and maybe even if you don't there's an easy way to find out if your adviser is a fiduciary: ask.
While you can certainly call up your existing bank and ask if they have any recommendations, here are a few more options:. While not everyone in need of a financial adviser needs a CFP, there's a certain security that comes with the designation. With a CFP, you can be sure that not only do they have a base level of expertise backed up by a larger organization, but also that they don't have conflicting interests: They, like you, want what's best for your money.
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Car insurance. Life insurance. Best cheap car insurance. Best life insurance companies. Best homeowners insurance. When choosing a financial planner, it's important to understand the financial planning landscape. That is why consumers must perform their due diligence before turning their money over to any sort of financial advisor. Here are some differences between the two terms. The financial planner is one type of financial advisor, who helps companies and individuals create a program to meet long-term financial goals.
To obtain each of these licensures, the financial planner must complete a different set of education, examination, and work history requirements. According to FINRA, almost anyone can call themself a financial planner, and they might come from many different types of backgrounds. This is a broad term for a professional who helps manage your money.
You pay the advisor, and in exchange, they help with any number of money-related tasks. A financial advisor might help manage investments, broker the sale and purchase of stocks and funds, or create a comprehensive estate and tax plan. If the advisor is working with the public, they must hold a Series 65 license. Think of the comparison between a financial advisor versus a financial planner like a funnel with the financial advisor on top.
Continuing with this analogy of the funnel and going further down, a financial planner is a type of financial advisor. Most individuals who need money help will enlist a financial planner, which is a more specific type of financial advisor. But the decision regarding the "type" of financial planner requires some investigation. Before hiring a planner to help with your finances, make sure to understand what you are paying for.
Question the planner about their specific training and qualifications, fee structure, and services the professional will provide. Consider developing a list of questions when vetting a financial planner. It's important to note that under the Department of Labor's new fiduciary rule, all professionals who give retirement planning advice or who create retirement plans are held to a certain legal and ethical standard.
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