You've found the right place if you are looking for an Indianapolis financial adviser. The SEC-registered Castle Investment Advisors focuses on the management of personal assets, charitable trusts, retirement funds, and private family foundations. Castle Investment Advisors also has a separate division called Castle Valuation Group that prepares business valuations, for both publicly and privately owned companies. Castle Investment Advisors can help you make the transition from retirement to selling your business.
Fiduciary advisors are those who put the clients' best interests ahead of their own.
Fiduciary financial advisors are financial advisors who put the best interests of clients first. Fiduciaries follow strict legal guidelines. The companies they recommend do not pay them any compensation. This means their advice will be impartial and without conflicts of interest.
Your financial advisor is a fiduciary financial adviser and will invest your money with great care. Your interests are their primary goal. They will never make any recommendation without your permission. Fiduciary advisors can help you make the right investments, balance your portfolio and give you peace of mind.
Senior financial advisors
Senior financial advisors can help seniors save money and avoid falling for fraud. It is crucial to choose the right advisor for your loved one in order to meet their financial goals and needs. Seniors who are looking to increase their retirement savings will have different goals than those who care more about the management of their existing nest.
There are several Indianapolis companies that offer senior financial advisor services. One example is CFG Wealth Management Services. CFG Wealth Management Services, an Indianapolis-based firm, offers its clients retirement planning, investment management and education services. The team includes professionals with over 30 years' experience in asset planning and retirement planning. Each advisor is a certified Financial Planner.
Advisors that charge a fee
A fee-only Indianapolis financial advisor is an excellent option for financial planning. These financial advisors offer services such as investment management, tax planning, and retirement income planning. They are independent fiduciaries and earn their compensation directly through their clients. There is no conflict of interest due to commission-based arrangements.
Fee-only Indianapolis financial advisors are charged based on the fiduciary. They charge either a flat fee of $1,000-$2,000 or an hourly fee of $200-500. A $100-$1000 monthly retainer fee may be required for asset management. Some advisors charge a commission on certain products, or a percentage from the portfolio's overall value.
Working with a financial adviser is expensive
It is up to you to decide what kind of financial advisor you want. The costs of Indianapolis financial planning can vary greatly. There are a few things to consider when choosing an adviser. First, ask if the advisor charges a fee. This will ensure you are getting advice that is consistent with your best interests. Also, it is less likely that a fee-only financial adviser will push unnecessary products on your behalf.
Next, consider whether the advisor has been designated a fiduciary. This means that they have to act in the best interest of their clients. Fiduciaries are not paid by companies that they recommend. They only get compensated for recommending products in your best interests.
FAQ
What happens after the consultant has finished the job?
After the consultant finishes the work, s/he will send a final report outlining the results. This report details the project timeline, deliverables, as well any other pertinent information.
The report will be reviewed and you can decide if the consultant met all your expectations. If it does not, you can ask for changes or terminate the contract.
What qualifications are required to become a consultant?
It is not enough to have an MBA degree. You must also have experience as a consultant. At least two years experience in training and/or consulting for major companies is required.
You must have worked closely with senior management teams on strategy development projects. You will need to feel comfortable communicating ideas to clients and getting their support.
Additionally, you will need to pass a professional qualification such as the Chartered Management Institute Certified Management Consultant (CMC).
How much are consultants paid?
While some consultants make $100k+ per year, most consultants only earn between $25-$50k. The average salary for a consultant is $39,000. This includes hourly as well as salaried consultants.
Salary depends on experience, location, industry, type of contract (contractor vs. employee), and whether the consultant has his/her own office or works remotely.
Statistics
- So, if you help your clients increase their sales by 33%, then use a word like “revolution” instead of “increase.” (consultingsuccess.com)
- My 10 years of experience and 6-step program have helped over 20 clients boost their sales by an average of 33% in 6 months. (consultingsuccess.com)
- "From there, I told them my rates were going up 25%, this is the new hourly rate, and every single one of them said 'done, fine.' (nerdwallet.com)
- Over 50% of consultants get their first consulting client through a referral from their network. (consultingsuccess.com)
- According to statistics from the ONS, the UK has around 300,000 consultants, of which around 63,000 professionals work as management consultants. (consultancy.uk)
External Links
How To
How to find the best consultant
When searching for a consultant, the first thing you should do is ask yourself what your expectations are. Before you begin looking for a consultant, it is important to know what your expectations are. Before you start looking for a consultant, make a list. This could include: professional expertise and technical skills, project management capabilities, communication skills, availability, etc. Once you've listed out these requirements, then you may want to consider asking some friends or colleagues who they would recommend. Ask them what their experience with consultants was like and how they compare to yours. You can also do some online research if you don't know of any. Many websites allow people to post reviews about their work experience, including Angie's List and Indeed. Look at the ratings and comments left by others and use this data as a starting point for finding potential candidates. Once you have narrowed down your list, reach out to potential candidates and set up an interview. During the interview, you should talk through your requirements and ask them to explain how they can help you achieve those goals. It doesn't matter whether they were recommended to you or not; just ensure that they understand your business objectives and can demonstrate how they can help you reach those goals.