We work with you to navigate the world of money management, from taxes all the way up to retirement. Financial Advisors do not all fit the same mold; some specialize in specific areas, while others offer a plethora of services.
Financial advisors advise clients and recommend how to invest, save, and grow their money.
It is very important to find a financial advisor with proper credentials. A financial advisor often has a CERTIFIED FINANCIAL PLANNER™ professional, CRPC®, or Chartered Financial Analyst® designation.
When searching for a financial advisor, it is also highly imperative to know how this professional is being compensated.
To find a financial advisor near you, you need to clearly understand the differences between the types of services they offer.
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Financial advisors advise clients and recommend how to invest, save, and grow their money. They are financial professionals that can help individuals deal with particular financial goals such as preparing themselves to purchase a house or give you an overall view of your money.
Some financial advisors specialize in estate or retirement planning while others consult on a wide range of financial issues. Anyone can claim that he or she is a financial advisor, but this does not necessarily mean that this person holds a certification in the financial field.
Most individuals need the services of a financial advisor at one point in their lives. If you are in the pursuit of locating a financial advisor nearby, these tips may be helpful to you.
When searching for a financial advisor, it is also highly imperative to know how this professional is being compensated. Keep in mind that there are many different ways that a financial advisor can be paid. So, take the time to figure out if the financial advisor is charging an hourly fee, asset-based fee, or being paid based on commission.
An asset-based firm and financial advisor is the recommended and safest way to go. When a financial advisor is paid based on commission, they may not always have the client’s best interest at heart. They are salespeople first and foremost, selling you services that you may or may not need. Having the wrong financial products and services can both drain your finances and keep you from reaching your dreams. However, an asset-based advisor will always have the client’s best interest in mind when laying out a financial plan. Their number one goal is to make sure you, the client, achieve financial peace. Their goals are your goals. Your concerns are their concerns. You are the priority, not selling a product to make a commission.
These are just a few of the many ways on how to locate a financial advisor near you. Once you find a good financial advisor, take full advantage of the services they offer.
If you are in need of a financial advisor now or in the near future, contact The Retirement Planning Group today to schedule an appointment with one of their professionals.
What do all those letters mean? A financial advisor often has letters following their name indicating they hold a designation. Credentials like the CFP®. CRPC® and CMFC® are obtained by completing coursework, passing an examination and earning the designation. Often, there is also required continuing education the advisor is required to complete.
There are a lot of questions that need to be answered as you plan for retirement. You are working hard to have the retirement of your dreams. We have a team of advisors that may be a CERTIFIED FINANCIAL PLANNERTM professional, Chartered Retirement Planning CounselorSM, or Chartered Mutual Fund CounselorSM. Our advisors continue to educate themselves, and their clients, about personal finance and investment management.
There are many financial advisors in your area that may have a designation. However, when choosing your advisor, it’s important to double check their credentials.
CFP is short for certified financial planner and means that the person who holds this certification has passed rigorous education and testing. They know the ins and outs of personal finance and investment management. Without these designations, your prospective planner may not be well-informed enough to teach you how to manage your finances and may even make a mistake in planning your financial future. You can’t take any chances in planning for your retirement; just one small mistake could mean the difference between having the retirement of your dream and not being able to retire at all.
In order for a financial advisor to maintain this designation, they must meet the standards of an ethics policy and comply with the education requirements that are needed. A financial advisor must continue their education to keep their designation and work for people like you. There are many financial advisors in the St. Louis area that have a CERTIFIED FINANCIAL PLANNER™ professional, CRPC®, or Chartered Financial Analyst® designation. However, when choosing your advisor, it’s important to double-check their credentials.
There are some financial advisors who render financial planning services but not investment management, while others manage investments but only provide little when it comes to financial planning. To find a financial advisor near you, you need to clearly understand the differences between the types of services they offer.
If you’re on the search for a financial advisor, it’s also beneficial to ask friends and family for recommendations. Furthermore, you should ask those people you know personally who have similar financial needs. With recommendations, do your due diligence: look them up online, research their firm and ensure their values line up with yours, and even search for community involvement.