Best Williamsville NY Financial Advisor
Financial advisors aren’t cheap; your initial consultation could cost a few hundred or even a few thousand dollars.
Some advisors charge a flat fee (“fee only”), while others charge a commission or fee as a percentage of assets (“fee-based”).
You need to look at your individual situation to decide what the best solution is.
For example, if you have a moderate portfolio of say $100K, it probably makes more sense to just find a fee-only planner to set you up with a financial plan.
Why your local bank advisor may not be a good option
Bank financial advisors
This is the person who will help you if you want to set up a mutual fund account at your local bank.It’s hard to beat banks for their convenience, but don’t assume the person you are dealing with knows what they are talking about.
Compensation – Salary plus small commission.
Pros – Convenient.
Cons – Will likely be biased to selling bank products.
Understand any conflicts
If your planner is also qualified to buy and sell investments, understand how they choose investments for you.
Do they recommend a wide range of investments?
Or do they only recommend certain products such as mutual funds from certain companies or only products that their firm sells?
Will they make more money if they recommend one investment over another?
Do they make money from sales fees every time you buy and sell?
Fiduciary Financial Advisor
The right fiduciary financial advisor can be great for you.
They can help you with your taxes, your assets, and all your investments.
For you to get the most from the process of financial planning, you will have to get involved.
This means reflecting on your goals and aspirations, tracking your financial habits, and becoming more conscious of your budget planning, savings (add ‘s’) strategies, and cash flow management.
Let’s face it; who better than you to be fully invested in achieving your goals? Remember, this is your financial plan.
We know how important your family’s future is to you.
We also know that unreliable or biased financial advice could put that future in jeopardy.
That’s why we go the extra mile to earn your trust.
As an independent financial advisor, our team of advisors can offer a full range of investment options – not simply the products of one company.
We are fiduciary financial advisors.
Take the first step today!
Give your finances the responsibility that they deserve.
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