It is possible for you to manage your finances efficiently and avoid debt even without having a degree in finance. However, the chances are that you will not reach the financial heights a financial advisor would help you to get to. Financial advisors are highly knowledgeable professionals, who know so much more about money than most people think they know.
Tampa has some of the best financial advisors in Florida; professionals who will walk with you through the toughest financial challenges and set you up for success. These financial advisors will guide you through budgeting, saving, investing, retirement, and even insurance.
If you have an income and you do not have a financial advisor you consider your own, then it is time to get one. Most people are afraid that financial advisors are too expensive, yet these professionals will make you and save you much more money than you will ever pay them.
Most people only think of calling financial advisors when they are already in debt, though these professionals can help you get out of such a mess. The best time to call a financial advisor is as soon as you get an income, since these professionals will help you avoid numerous mistakes and guide you to financial freedom.
Not all financial advisors in Tampa are right for you, so you have to begin your search where you will be choosing from a group of highly qualified and reputable professionals. Here is the best place to start:
The accredited BBB financial planning consultants in Tampa have all the relevant qualifications you would need as a start.
The National Association of Personal Finance Advisors can help you find finance advisors by location.
Credio has a list of financial advisors in Tampa that you can go through and choose the one that appeals to you the most.
Look for a financial advisor that you are sure you can trust. Professionals with a reputation of being trustworthy and seeking out the best for their clients are called fiduciaries.
Look for a financial advisor that you can find on the CFP Board listing. From this listing you will have information concerning the advisor's bankruptcy status over at least 10 years and whether they have received any form of discipline or not.
Look for a financial advisor who accepts payments in your most convenient way. Here are the most common payment methods:
Commission only: Here advisors receive commission only for selling financial products such as loans, real estate, investments and insurance.
Commission and fees: This is the fee-based system of payment where the advisor receives a fee as a result of coming up with a financial plan and a commission for selling you an investment or an insurance product.
Salary plus bonuses: This system applies to employees who receive a base salary pay for new client accounts which also translates to higher bonuses especially with the sale of products and services.
Fee-only: These advisors provide services to a client on a continual basis. These advisors are not biased toward a particular product, but they offer advice that they think is best for you. Some of these can charge hourly, a flat fee, or a retainer of a particular percentage of the assets they manage.
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