There are many things to account for and learn if you are trying to manage your finances. A wealth management advisor can bring their experience and knowledge, and help you make the best decisions.
The first thing to clarify is what is the difference between a wealth management advisor and a financial advisor. These two roles are very similar, and they probably even have the same qualifications and certifications.
The main difference is that a wealth management advisor only works with clients with a high net worth.
You should always work with someone with the proper qualifications. A CFP is a certified financial planner, and while this certification is not required to be a wealth management advisor it shows that they have a lot of knowledge about the subject.
You want to confirm that the advisor you work with is accessible. In wealth management, there are a lot of questions, and it’s important to know that you can reach your advisor if you need to ask something or confirm details.
These are just a few things to look for when you need a wealth management advisor. For more tips on what to look for, watch the linked video.
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