As you think about your future and how to plan for it, working with a financial planner may be a wise decision. At Harvest Wealth Partners, we know that you may have questions about how to save for tomorrow, as well as how a financial planner can help and the different types of financial planning services. Our Highland fee-based financial planner can answer all of your questions and help you prepare for what’s to come. Reach out to us today to learn more about our services and how to get started.
A financial planner offers a wide range of financial planning services to clients ranging in wealth. Some of the types of services provided by a financial planner include:
The types of services that a financial planner offers can be customized to you based on your unique needs, portfolio, and goals for growing your wealth. Financial planners are for individuals and families of all income levels.
There are typically two ways in which financial planners operate and are paid: fee-only and fee-based.
A fee-only financial planner is a financial planner who gets paid only based on a fee; not on any additional commissions that may be earned. This fee could be a flat fee, an hourly fee, or a fee that’s based on a percentage of a client’s assets. Fee-only advisors are always fiduciaries, which means that they are obligated to work in the client’s best interest without prioritizing their own interests.
A fee-based financial planner, on the other hand, is a financial planner who will get paid a fee that’s calculated using one of the methods listed above (flat fee, hourly fee, or percentage of assets fee) and may get paid from other sources. For example, a fee-based financial planner may also receive a commission by selling financial products to their clients. A fee-based financial planner may also be a fiduciary.
One thing that’s always important to consider when choosing a financial planner is whether or not the planner is a fiduciary. If the financial planner is not a fiduciary, you should not hire them. You should also consider the certifications and reputation of the financial planner. Working with a CERTIFIED FINANCIAL PLANNER ™ is always recommended, as these professionals have the experience and education to back up their designation.
When you choose a financial planner, you’re making an investment in yourself, your family, and your future. A financial planner—fee-based or otherwise—can help you to answer tough questions about the best ways to save, how much you need to save, and strategies for increasing your wealth over time.
If you’re ready to take control of your finances, working with a Highland fee-based financial planner is a great place to start. At Harvest Wealth Partners, we have the knowledge you’re looking for. To learn more about our Highland fee-based financial planners and how to get started, reach out to our team by phone or online today.
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