Find quick answers to common questions with our helpful FAQs
1. Why should I talk to a financial advisor to manage my finance ?
A financial advisor will be able to guide you to build a financial road map in order to provide to meet your financial goals. He or she able to provide forecasting to your future financial situation so you can make necessary adjustment.
In summary, a financial advisor should have training and experience in financial products and understand financial aspects of your life – insurance, investment, loans, business planning or even estate planning in order to make the right recommendations for your personal situation.
2. What certifications should a financial advisor possess ?
Anyone can call himself or herself a financial planner or advisor. Many unit trust agent, Insurance agent, stock or real estate broker like to use the term of financial planner or financial consultant.
At the very least you should make sure your advisor has a certificate licensed with the licensing authority.
A Certified Financial Planner (CFP) has competency and experience in all areas of financial planning. A CFP has completed courses of study in over 100 topics of financial management including equities, taxes, and retirement planning. He or she must also follow the Certified Financial Planner code of ethics. A CFP has a fiduciary responsibility.
A Chartered Financial Consultant (ChFC) also has extensive experience in helping individuals assess their financial goals. In order to obtain the ChFC certification, a candidate must complete the program and pass the tests administered by the American College.
3. I am too young or too old for financial planning ?
Financial planning can start from the day you get your first paycheck and till the time you leave inheritances for your children. In other words, financial planning also involves estate planning so you can properly plan as to how you want to distribute your assets and liabilities among your children after your death.
Its never too early or too late to start with a disciplined finance by following a structured approach of good financial planning.
4. How do your company work ?
We work under a process. And in this process the first step is to establish the relationship between advisor and client which is a Discovery Process.
Our Discovery Process meeting is free and no charge. This will give you enough time to understand the steps and formalities. We will ask about the goals and other financial issues. After this discussion if you agree to proceed, then we can move to the next step for signing the engagement papers.
6. How much do your company charge for your services ?
We are transparent on our fee structure and work with different fee models
1. Annual or hourly advisory fees from client.
2. AUM percentage charges from client.
3. Commissions earned from products while helping clients implement the financial program.
4. Referral fees earned from other agent/advisor.
We work with a combination of the above fee models and subject to client choice.