Tuesday, October 29, 2013

It pays to hire a financial planner!



We often try to dabble in fields that don’t concern us, and eventually accept that we’re terrible at it! Same is the case with financial management. We often think that it is our money, and therefore we should manage it. Rather, we think that since it is our money, no one apart from us will know how to manage it. There’s some sort of skepticism as well when you go to hire a financial planner. After all, what if he slips, and all our hard earned money goes down the drain?

Well, such concerns are pretty natural. Since there’s a lot of money involved and possibly at risk, one is bound to feel nervous. However, you will soon come to terms with the fact that only a financial consultant, also known as a financial planner, is the best person to trust your money with. They are highly qualified, well experienced, and possess educational degrees in the field of finance. In fact, while hiring them, you should look at these qualities. If they don’t possess a degree, you shouldn’t hire them. Try to ensure that you are getting hold of a CFP or a CFA! 

You can contact financial planning companies in your city and ask them to send over a financial planner or a consultant. While a financial planner noida will plan out your financial roadmap properly and look after your investments, a financial consultant might just offer you some advice. It is totally up to you which one would you like to hire. Typically, they will come and give a short presentation mentioning about the key benefits they can offer you, whilst also throwing some light on their significant achievements, major past and present clientele. 

A lot of people wonder how much does it cost to hire a financial advisor. Different financial advisors have different modes of compensation. While some work on a flat monthly fee, others charge commission. There might be a combination of both the compensation modes too. For detailed information, you could check online. They will mention some sort of estimated pricing for all those interested in hiring financial advisors.