Fee-Based Financial Planner Near Highland

Saving for the future is a key part of being responsible and ensuring that you and your loved ones will have enough means when you need them. In addition to merely putting away money, though, it’s smart to have an understanding of how much you’ll need at various points in your life, how much you’ll need when you retire, how things like Social Security and disability insurance may factor into your life plan, the best ways to invest your money, and more. For answers to these questions and others about your finances, working with a fee-based financial planner near Highland is recommended. To learn more about our fee-based planners and the services we offer, reach out to us today by phone or online. We are here to serve you. 

What Does a Financial Planner Do?

A financial planner is a type of professional who provides a wide range of financial planning services to clients, customizable based on clients’ needs. Examples of things that a financial planner may do include:

• Help you to create a budget while accounting for income, debts and liabilities, savings goals, and expenditures;
• Answer your questions about retirement planning, life insurance planning, disability insurance planning, pension plan participant planning, Social Security planning, and other things that may impact your financial future;
• Provide recommendations for building your wealth and design private wealth strategies;
• Help you to navigate the world of investments and the differences between stocks, bonds, mutual funds, securities, and other types of investment plans; and 
• Make sure you have an understanding of how much money you’ll need for big life events and the best strategies for saving. 

If you have questions about interest rates, investments, dividends, compound interest, or any other financial terms, a financial planner can assist with these, too. 

What Does it Mean to Be a “Fee-Based Financial Planner”?

Financial planners may be either fee-only or fee-based. What’s the difference?

A fee-only financial planner gets paid only by a fee, which is paid directly by clients. This fee may be a flat fee, an hourly rate, a percentage of a client’s portfolio value, or another fee structure type. 

A fee-based financial planner will also get paid a fee based on one of the structures listed above, but they may also get paid from other sources, such as commissions on products. Sometimes, this can create a conflict of interest.

Both fee-based and fee-only financial planners may be fiduciaries, which means that the financial planner has a legal and moral obligation to act within the client’s best interests. If you’re unsure about whether your fee-based financial planner is a fiduciary, you can ask! You can also look up the broker’s Form ADV filing with the U.S. Securities and Exchange Commission. 

Call Our Fee-Based Financial Planner Near Highland Today

At Harvest Wealth Partners, our fee-based financial planners near Highland can help you to feel more secure in your financial future. To learn more about the services we provide and how to get started, please reach out to us by phone or online at your convenience. We are here to serve you.