Finding the right financial advisor who can help you with your concerns can be daunting, especially when you don’t know where to start. After all, you want an advisor who understands your situation and who can deliver expected results. At the same time, it’s best to go for someone whose payment schemes are easy to understand. Because of this, it’s best to get a fee based financial advice.
Here are some benefits when you choose to go this route:
- Advice-Based Focus
Working with a fee-based planner ensures that you are working towards achieving your goals. With a skilled expert, you can be sure of specialised advice rather than trying to sell products. In the end, if they haven’t found the right solution to your problem, they wouldn’t receive their commission as well. This way, they are focused on providing objective advice, allowing you to have trust and faith in their recommendations.
- Different Payment Options
There are a variety of ways that fee-only planners charge their clients. Some charge by the hour or has a flat service fee. Some may even require you to build a retainer or some may only charge you a percentage of the money they manage to make for you. So, before jumping into the first payment scheme you see, make sure to compare costs and weigh options carefully.
- Fewer Conflicts of Interest
Since your problem needs to have an answer right away, advisors assigned to your case won’t do the usual business they have with other people. This means that they won’t have to hard-sell or pitch financial products since they have a certain price in mind. As a result, this allows them to focus on your concerns and act in your best interest. Not only can they avoid taking advantage of your situation, they can also experience fewer conflicts of interest.
If you are interested to know more about fee based financial advice, contact Pyrmont Wealth Management today. They have excellent advisors ready to help manage your assets.