In previous entries, I wrote about some of the financial planning basics that I address with clients. You may have worked through some of it, but my experience tells me that procrastination and a busy life often puts it to the side to be dealt with later. There may be a quicker way to get this underway!
Many financial advisors will spend time to work through a financial plan with you, without obligation. This can range from a financial snapshot, with minimal information required, to more extensive plans dependent on the amount of detail provided. A detailed plan relies on your commitment and that of the advisor. Let me explain a little more, including why it can be done without charge.
Advisors and clients are looking for a relationship that will be mutually rewarding. Clients want to trust their advisor, and advisors want clients with whom they feel they assist and feel comfortable working together. Getting to know the client and the financial situation allows an advisor to make initial recommendations regarding the direction to follow. If the client is comfortable and agrees, they take it further. Recommendations may include strategies that involve investments and insurance. When business is placed with a particular company, the advisor receives compensation from that company, so the client does not pay directly. An investment of time in initial planning often leads to an ongoing, satisfying relationship for both.
**This message is an expression of the author’s personal opinions. The companies represented by Antony (Tony) Ratcliffe of Ratcliffe Wealth & Risk Management, as an independent agent/broker in Alberta, Canada, will not be held liable in any way for the opinions expressed herein.
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