Quite often planners offer an Initial Financial Planning Consultation for FREE and With No- Obligation.
This is an opportunity for you to make three decisions:
Before you engage a planner, quite often the planner will off a FREE and no-obligation Initial Consultation. This is an opportunity for you to develop confidence and comfort in your financial adviser. That is do you find them competent and is there value in the strategies they are looking to help you with?
If you invest with a planner, they will quite often need 5 to 20 hours reviewing, checking, researching, looking at the pros and cons and putting the paperwork together and more…
The main paperwork is called a statement of advice and typically takes into consideration your personal situation and current finances and more. Planners charge about $200 to $600 per hour depending on their experience.
While Financial Planners can help clients with small amounts of money, it may be harder to justify a return on investment. There is no “one size fits all” when it comes to your money and the amount and before making decisions, at least speak to a planner to find out the best course of action