When selecting a financial planner, one of the key aspects to consider is how much financial advice you will need. After all, you don’t want to pay for services you don’t need, nor do you want to be left with unanswered questions.
If you need advice related to a specific transaction such as purchasing or selling property or investing in a business, you can consider an hourly consultation. You should be able to get a price estimate upfront by discussing the nature of the advice you need.
On the other hand, if you need a comprehensive financial plan that takes your entire financial landscape into consideration, you’ll need more in-depth service. Find a financial consultant who is willing to work with you in coming up with a flat fee that encompasses your entire plan.
If you need an asset manager, it is best to strike a deal that involves a percentage of managed assets. Try to find someone who will be a good fit as a long-time financial partner.
Securities and advisory services offered through Centaurus Financial, Inc. Member FINRA and SIPC, a Registered Investment Advisor. Centaurus Financial, Inc. and Cola Wealth Advisors are not affiliated companies. Please visit Cola’s website for more information: https://www.colawealthadvisors.com/.
