The Financial Advice Industry

How much is your advisor worth?

Are you considering working with a financial advisor, but not sure if it's worth the cost?  The truth is that everyone’s financial situation is different and there is no one-size-fits-all answer. But studies have shown that working with a financial advisor can bring great value to your finances, especially if you are looking for personalized advice and guidance.  As you look through the table, you'll see the benefits are expressed as a percentage. For example, a 1.00% benefit would mean that your overall financial well-being would improve by about 1.00% per year. For example, if your net worth were to…
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How Financial Advisors Get Paid

Anyone about to begin their search for a financial advisor will quickly find that there are many, many choices out there! In fact, there are over 93,000 CFP Professionals alone and far more than that without the CFP credentials. The goal of this article is to explain, and help you understand, how financial advisors get paid. Show me the incentive and I will show you the outcome. - Charlie MungerCharlie Munger It is important to note that fees should not be your only criteria for choosing an advisor. There are no doubt good advisors providing excellent advice and service under…
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