FINANCIAL ADVISOR WORLD
Financial Advisor Companies - Financial Planners - Financial Service Providers
How to find a financial advisor?
Are you looking for a financial advisor? You may not even know you could use one. A financial advisor can help you retire, buy a house, or invest. If you’re interested in any of those things you should consider looking into local financial advisors. You can find local financial advisors through a simple search with your favorite search engine. If you live in Juno, Alaska then you should search for ‘Juno Alaska Financial Advisor’ and likely many results will pop up for local advisors in your area. If you select the ones closest to you, you can then type the names of the advisors and the word review and frequently people who have received the services of these advisors will have written reviews on them. These reviews can be handy, any time you’re handing your assets to another person to handle you want to be absolutely certain they’re the best person available for you to handle them. The differences can be drastic.
There are two types of financial advisors and each has its own benefits. There are fee-only advisors who receive payment through hourly pay and by charging a set percentage between one and one and a half percent of the assets with which you trust them to invest. There are many benefits to fee-only advisors. Because these advisors do not receive commissions you can be assured they will not go through the trouble of taking riskier roads with your money for bonuses and commissions. It reduces conflicts of interest between the client and the advisor if the advisor might be looking out of them self more than for you. The other type of advisor is a fee-based advisor. These advisors receive the same fees as a fee-only advisor although they’re usually less than a fee-only advisor would charge. The reason is because these advisors also receive commissions and bonuses depending upon how well they perform. Frequently they will receive finder’s fees and referrals for working with certain companies. Fee-based financial advisors have the benefit of being more likely to examine more options for your money but sometimes they might choose the option that is best for them as opposed to the best for you.
There have also been cases of fee-based advisors churning their client’s assets funds so as to generate commissions for themselves. Luckily, in most places, this is law breaking and should such an event happen to you, you will most likely be able to recoup the losses through the legal system. No matter what though, going through the court system to retrieve your money is not an experience you’re going to want to have so it is much better and simpler to simply research the advisors you’re thinking of going into business with first. Whether you’re looking for mortgage help, life insurance or critical illness insurance help, or help with investing in the long or short terms you should consider contacting a local advisor today. They might just be able to help you achieve your goals.