Financial and tax planning can be a complex and time-consuming endeavor. It requires knowledge and expertise that is not always easy to find. Unfortunately, many financial advisors charge 1.6% or more just for investment management services. This means that they are often not looking out for their clients’ best interests.
The disconnect between financial advisors and their clients regarding fees and services is an ongoing problem. In addition, recent innovations such as cryptocurrency, have made it easier for some people to make investments without consulting with a financial advisor. This means that it is more important than ever for people to understand how to find the right financial advisor for their needs.
When looking for a financial advisor, it is important to consider their experience and qualifications. It is also important to make sure that they are familiar with the type of investment you are considering. Many financial advisors specialize in certain areas such as retirement planning or estate planning. It is important to find someone who is experienced in the type of planning that you are looking for.