It’s easy to choose a financial adviser when you know what to look out for. There are multiple things to consider, services, fees, costs and much more, and with these simple tips, you’ll soon know! PennyGem’s Chloe Hurst has the story!
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00:00it's easy to choose a financial advisor when you know what to look out for there are multiple
00:08things to consider services fees costs and much more and with these simple tips you'll soon know
00:15wealth ramp suggests you get clear on what your financial advisor will deliver a broker or
00:21insurance agent sells products whereas independent financial advisors work directly for you common
00:27desired outcomes include financial planning investment management diversifying portfolios
00:33allocating assets optimizing spending and withdrawal strategies and estate planning be
00:39upfront and ask questions about what fees costs and monies are involved do they earn commissions off
00:46of any assets they recommend or manage on your behalf it's not easy to tell whether an ongoing
00:52relationship with a financial advisor is going to be worth the cost but a study conducted by
00:56vanguard in 2022 found a potential three percent improvement can't be expected annually and the
01:04extent of the value will be relative to the client's unique circumstances and the way assets are managed