Financial Advisor: What You Need To Know Before Hiring One
Finding the right financial advisor is hard. You want someone who will listen to you, someone who will help you grow your money, and someone who won't steer you wrong. But before you hire a professional, there are some things to know about what they do, how they work and how much they cost. Here experienced financial advisor Genai Walker Macklin shares some must-ask questions to ask the person offering their services.
A financial advisor is someone who helps you manage your money and investments. They can help with planning, saving, investing and more. They work to help you make the most of your money so that it can grow.
Genai Walker Macklin currently serves as a Financial Advisor with Morgan Stanley where she provides financial planning for affluent individuals and their families.
When interviewing a prospective financial advisor, it is important to know how much they will cost. Some advisors charge as little as $200 per year or less while others charge a fee that starts at $500 or more. The good news is that the cost of financial advice is typically in line with what you would pay for other services like insurance, estate planning and tax preparation. In fact, some advisors, including Genai Walker Macklin, offer free consultations which can be a great place to start the conversation about your needs and options.
Genai Walker Macklin indicates that the benefits of hiring a professional are numerous. For starters, you will get peace of mind knowing that your financial advisor is up to snuff and has the knowledge to help you grow your money properly. The other benefit is that the professional can show you how to invest your money in ways that are beneficial to you and your family, which can be very valuable when it comes to saving for retirement.
Genai Walker Macklin shares the must-ask question to a potential financial advisor.
1) What are the costs of their service?
2) Do they charge a percentage fee or a flat rate?
3) What is the deal with fees and taxes?
4) How do they handle retirement planning?
5) Can you talk to someone else who has used your services before?
6) What are their responsibilities as a client?
Hiring a financial advisor can be an important decision for your company. Make sure to ask the right questions before hiring one to ensure it is a good fit. If you are looking for a financial advisor, Genai Walker Macklin is here to help you.
What does a financial advisor do?
A financial advisor is someone who helps you manage your money and investments. They can help with planning, saving, investing and more. They work to help you make the most of your money so that it can grow.
Genai Walker Macklin currently serves as a Financial Advisor with Morgan Stanley where she provides financial planning for affluent individuals and their families.
How much does a financial advisor cost?
When interviewing a prospective financial advisor, it is important to know how much they will cost. Some advisors charge as little as $200 per year or less while others charge a fee that starts at $500 or more. The good news is that the cost of financial advice is typically in line with what you would pay for other services like insurance, estate planning and tax preparation. In fact, some advisors, including Genai Walker Macklin, offer free consultations which can be a great place to start the conversation about your needs and options.
What are the benefits of hiring a professional?
Genai Walker Macklin indicates that the benefits of hiring a professional are numerous. For starters, you will get peace of mind knowing that your financial advisor is up to snuff and has the knowledge to help you grow your money properly. The other benefit is that the professional can show you how to invest your money in ways that are beneficial to you and your family, which can be very valuable when it comes to saving for retirement.
Must-ask questions to ask your potential financial advisor
Genai Walker Macklin shares the must-ask question to a potential financial advisor.
1) What are the costs of their service?
2) Do they charge a percentage fee or a flat rate?
3) What is the deal with fees and taxes?
4) How do they handle retirement planning?
5) Can you talk to someone else who has used your services before?
6) What are their responsibilities as a client?
Conclusion
Hiring a financial advisor can be an important decision for your company. Make sure to ask the right questions before hiring one to ensure it is a good fit. If you are looking for a financial advisor, Genai Walker Macklin is here to help you.
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