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Call Us: (828) 229-2745

Hello and welcome back to the Successful Financial Strategies blog! On our blog, you can expect to learn more about all aspects relating to your finances. Lately, we’ve been talking about financial planning, including what it is and why planning is key to finding financial success. We can’t control everything that happens in the world that affects our financials, but making progress towards our goals will always require making a plan and making deliberate actions toward measurable goals.

Today, we are going to talk a little more about the role that a financial advisor plays. Your financial advisor will be a key player in your financial strategy. However, there are some questions that you should ask them before you decide to work with them and place the future of your finances in their hands.

Are you a fiduciary?

Understanding how a financial firm is structured may seem like something you don’t need to know; as long as they do their job and you are reaching your financial goals everything is fine, right? However, that isn’t how it works. How your financial firm is structured will determine not only how your financial advisor is paid — and thus their motivation — but also the services they provide.

How do you get paid?

Finding out how your financial advisor gets paid is important, for it will determine what motivates their actions. You would hope that any person offering financial planning services would be motivated by your needs because that is what you are paying them for. However, this unfortunately isn’t always the case. Some financial planners are paid commission on how many financial products they sell, while others are paid a percentage in direct correlation to the amount of money they are managing. Those that are paid by how much money they manage will always be motivated to increase your wealth.

What are my all-in costs?

Have you ever gone on a trip and budgeted a certain amount of money to spend, but forgotten about all those little costs like buying bottles of water and sunscreen, and paying parking costs? Likewise before you make investments with a financial advisor, you will want to ask about all-in costs: fees that, over time, can annihilate your savings.  

What services are included?

Before you commit to the financial planning services of an advisor, you must understand completely the kind of services that they can offer you. There is a reason why there are multiple options to choose from when looking for a financial planner. Make sure that you are choosing one that not only offers the services that you need to help you reach your current financial goals, but also one with whom you feel comfortable and you like working with. Also, find out what type of clients that your financial advisor normally works with; finding out their client demographic will allow you to see how familiar they are working with clients in your situation.

Stay tuned for part two to learn about 5 more questions that you should ask a potential financial advisor. If you are in need of financial planning services in the Arden area, contact Successful FInancial Strategies. Visit our website to learn more!

upcoming seminar

How to Teach Your Kids About Money


Dates: 1/29/2019 and 1/31/2019

Topics we will cover:

  • The game of money
  • The value of money
  • Wealth transfers
  • Opportunity cost and the true cost of borrowing
  • The family bank

To RSVP, call our hotline at: (833) 818-6989 or register online at www.youRSVP.com and enter code: DARMEG

Seating is limited so please reserve your spot today!
Register Now
Or contact us for more information by filling out the form below!

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Schedule a Complimentary Consultation With Us

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Should you own life insurance? How much should have? Is your current life insurance structured to do what you think it should do? All questions you need the answers to.

Starting Social Security without a plan could means thousands of dollars missed. With Social Security planning, you can see when would be the most beneficial time to start you benefits, and make an educated decision.

We are not CPA’s but we do understand that taxable investments can cause short-term and long-term financial consequences.

Call Us Now(828) 229-2745

Arden Location

15 Loop Rd
Arden, NC 28704

Business Hours

  1. Mo, Tu, We, Th, Fr
    1. 9:00pm – 5:00pm

Hendersonville Location

100 Chadwick Square Ct E
Hendersonville, NC 28739

Business Hours

  1. Mo, Tu, We, Th, Fr
    1. 9:00am – 5:00pm

Contact Us Now

  • Do not fill this form out if you're a solicitor.
  • This field is for validation purposes and should be left unchanged.

Hello and welcome back to the Successful Financial Strategies blog! On our blog, you can expect to learn more about all aspects relating to your finances. Lately, we’ve been talking about financial planning, including what it is and why planning is key to finding financial success. We can’t control everything that happens in the world that affects our financials, but making progress towards our goals will always require making a plan and making deliberate actions toward measurable goals.

Today, we are going to talk a little more about the role that a financial advisor plays. Your financial advisor will be a key player in your financial strategy. However, there are some questions that you should ask them before you decide to work with them and place the future of your finances in their hands.

Are you a fiduciary?

Understanding how a financial firm is structured may seem like something you don’t need to know; as long as they do their job and you are reaching your financial goals everything is fine, right? However, that isn’t how it works. How your financial firm is structured will determine not only how your financial advisor is paid — and thus their motivation — but also the services they provide.

How do you get paid?

Finding out how your financial advisor gets paid is important, for it will determine what motivates their actions. You would hope that any person offering financial planning services would be motivated by your needs because that is what you are paying them for. However, this unfortunately isn’t always the case. Some financial planners are paid commission on how many financial products they sell, while others are paid a percentage in direct correlation to the amount of money they are managing. Those that are paid by how much money they manage will always be motivated to increase your wealth.

What are my all-in costs?

Have you ever gone on a trip and budgeted a certain amount of money to spend, but forgotten about all those little costs like buying bottles of water and sunscreen, and paying parking costs? Likewise before you make investments with a financial advisor, you will want to ask about all-in costs: fees that, over time, can annihilate your savings.  

What services are included?

Before you commit to the financial planning services of an advisor, you must understand completely the kind of services that they can offer you. There is a reason why there are multiple options to choose from when looking for a financial planner. Make sure that you are choosing one that not only offers the services that you need to help you reach your current financial goals, but also one with whom you feel comfortable and you like working with. Also, find out what type of clients that your financial advisor normally works with; finding out their client demographic will allow you to see how familiar they are working with clients in your situation.

Stay tuned for part two to learn about 5 more questions that you should ask a potential financial advisor. If you are in need of financial planning services in the Arden area, contact Successful FInancial Strategies. Visit our website to learn more!

Investment advisory and financial planning services offered through Planners Alliance, LLC, a SEC Registered Investment Advisor. Subadvisory services are provided by Advisory Alpha, LLC, a SEC Registered Investment Advisor. Insurance, Consulting and Education services offered through Successful Financial Strategies. Successful Financial Strategies is a separate and unaffiliated entity from Planners Alliance, LLC and Advisory Alpha, LLC.

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