Tips for choosing your team of Financial Advisers

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Tuesday, 18 February 2014

Making money is hard work and when our bank accounts are cushioned comfortably and investments are steadily bringing in a satisfying capital gain, we have no choice but to feel a sense of accomplishment. A sense of greatness, really. A sense that we are paving a financially successful road for ourselves and our families in a world that seems to make life nearly impossible to pay for.

If you are asking yourself how so many people are reaching a fulfilling state of financial stability, when for you, just the mere thought of crunching numbers makes your teeth hurt, the answer is simply this: They make money a top priority. I know, I know. You have better things to do than worry over what your savings looks like now, much less how it will look thirty years from now, right? If this is your mindset as you are reading this text, then trust me, you will be broke forever.

There is no better time than now to get your financial ducks in a row and start planning for what lies ahead. No matter your age, yearly gross income, if you have five children or no children, you will absolutely benefit by seeking out a team of trusted money managers who will introduce you to qualified strategies that involve your hard earned money, and without any teeth pulling being necessary.

Now, no one said filtering through a crowd of financial advisors would be easy and should in no way be looked at as a small task. It's apparent that you love your money and are tired of feeling like it's getting thrown to the wind most of the time, otherwise you would probably be Googling funny cat videos instead of researching the practice of finance.

The possibility stands that you already have a general idea of what your financial needs are but if you don't, it's important you find out before you start hunting for an advisor. You won't be able to choose one who loves your money in all of the same ways you do if you don't. A few other key points to keep in mind when hunting for your professional finance team are, number one: the relationship will revolve around your money.

You want a dedicated team, a team who can quickly spout off words of expertise when you need it. Your team should adequately meet your expectations, make you feel at ease with a mutual commitment and conveniently provide you with regular communication.

The financial adviser selection process is a critical first step toward money management and it's important for you to take your time doing so. Search carefully by evaluating accountants, tax advisers and business consultants by way of a short telephone interview. It may be wise to conduct two or three different financial planner evaluations before making a definite decision.

Take note also that the professionals you speak with won't all be exactly the same. They may vary in their experience, education, personality, strong points, and (this is an important one) trustworthiness. Also, be sure whomever you decide to work with are people who can explain strategies on a level that's easy to understand as well as allow you to feel a likeable connection with and who truly believe in their services.

You may want to ask about the services the financial firm offers and how much they charge for those services. If you searched for this information previously on their website but didn't have any luck in finding it, when you speak with your resources don't feel shy about asking if there is a free consultation available, or if you will be charged an initial planning fee before your one on one meeting.

Finally, it's important for you to think about how much contact you would like to have with your team of financial advisors. Some financial planners will hold a one-time meeting with a client, followed by a once a year consultation, while others may want to see you on a quarterly basis. Consider how much control you want also. Do you only want to speak with each member of your adviser team once a year? Or would you rather have more day to day support? Be sure you know how much involvement you want to have with your chosen professionals and you will be well on your way to finding a team that is a good fit for your financial needs.

Any financial consultants who are appointed to handle the important business of managing your money should be able to demonstrate expertise at its optimum level. Making money is hard work (believe me, I know) and you deserve to receive the best possible financial advice. Your team of financial advisers should clearly explain strategies to you and approach your individual circumstance based only on what you are comfortable with.

If you are still not sure how to go about selecting your perfect right team, InCapital Advisers can quickly and efficiently answer your questions.

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