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Tag: Financial advisor

  • Essential Financial Steps for Long term

    Essential Financial Steps for Long term

    Thinking about Some financial steps to safeguard our future? Every age and every situation in life has different demands on private financial planning.

    Unfortunately, there is no all-round carefree package because insurance protection and the investment for old age should always be adapted to the respective living conditions. We give tips on what you should pay attention to. Here are Some financial steps to safeguard our future.

    Risk protection

    Securing against financial ruin is an important part of private financial planning. This usually occurs when the income drops due to a termination or an accident. So that the entire existence of a family is not threatened, it is therefore advisable to take out appropriate insurance at an early stage. The following options are available:

    Risk life insurance: This insurance is used to provide financial protection for family members in the event of death. Another variant is the residual debt insurance, which in the same case would pay the remaining installments of a loan taken out.

    Disability insurance: If someone is no longer able to perform 50% of their current job due to illness or an accident, they receive the disability pension. You should choose the amount so high that you can continue to pay your current expenses household costs, loan installments, reserves and savings rates for old-age provision in the event of disability.

    Private liability insurance: In contrast to motor vehicle liability insurance, private liability insurance does not necessarily have to be taken out. Nevertheless, this insurance is recommended because it covers damage caused by the insured to the property of others. The insured sum should be at least 50 million dollars.

    Residential building insurance:  important for all property owners. In the event of storm damage caused by fire, lightning, storm and hail damage, building insurance reimburses the costs of the repair up to the reconstruction after total loss.

    Pay off debts

    Before you can take care of your retirement savings, you should try to pay off any debts. As a rule, you have to pay high interest on your debts: with an installment loan it is between four and eight percent, with an overdraft facility up to 18 percent. If these debts disappear, you automatically save a lot of money.

    Build up reserves

    So that you can provide for old age in the long term, you shouldn’t neglect the present. Because unexpected costs quickly tear a hole in the household budget having to go into debt or even take out a loan is not expedient. So make sure that you build up reserves in good time. For this, we recommend securing money of at least three monthly salaries and investing it at any time. You should never invest this nest egg in a risky or speculative investment – the risk of losing everything is too great.

  • The Perfect Financial Advice You would Need Now

    The Perfect Financial Advice You would Need Now

    A financial advisor advises clients on investments, loans or insurance products. Since the term “financial advisor” is not legally protected, the job profile is very heterogeneous. For example, best financial advice from a financial advisor can be trained as a banker and have worked in this profession.

    Likewise, financial advisors can also be tax advisors or insurance agents. Alternative names for financial advisors on the market are also insurance intermediaries, insurance agents or financial experts.

    Consumers may need the help of a financial advisor to find the one that suits them best with a variety of investment opportunities. For example, the financial advisor can help you choose the right investment or help consumers put together appropriate insurance cover. Likewise, Virtual Assistant for Financial Advisors can help you configure a home loan. At the end of the consultation, a direct brokerage of financial products by the consultant is also possible.

    Find a good financial advisor

    Good financial advisors are usually optimally trained and have sufficient professional experience. For example, you can find out about the training or the necessary professional experience of your financial advisor beforehand on their homepage.

    A financial advisor is also good if he is independent and does not simply act as an intermediary for a bank or insurance company. As an independent financial advisor, for example, he is not bound by special commission agreements. So you can be sure that you get a loan on the best terms on the market.

    Unconditional trust is out of place

    Even if a financial advisor is looking for the best financial advicefor the best possible protection or investment for you, he will always act strongly in his own financial interest. So it is important not to trust him unconditionally, because ultimately he wants to earn money from you too. Always remember that there is basically nothing for nothing in the financial industry.

    So go well prepared in financial advice

    You can get detailed information about individual forms of investment in advance, regardless of a financial advisor. There is generally sufficient information on banks’ websites to get an idea of ​​what is on offer. You can also use comparison portals to compare individual products or providers for example in a credit comparison. In addition, think in advance about which types of investment you are particularly interested in and how much money you would ultimately like to invest.

    The goal of your investment is also important. Based on this goal, the financial advisor can find suitable solutions much easier. Should the capital be used primarily for old-age provision or do you want to invest in real estate?

    The more you know in advance about your own goals and wishes as well as about possible products, the better prepared you are for financial advice. This is how you recognize dubious financial advisors

    • The financial advisor will call you before you even get in touch.
    • You should sign blank forms.
    • You will be urged to complete some products.
    • The advisor will not clarify the risks of investment products.
    • The advisor does not accept any other witnesses during the consultation.
    • You will be caught with a prospectus right from the start.
    • This is how you can recognize serious financial advisors
    • You will receive a written confirmation of the most important facts.
    • The consultant will give you sufficient time to think before signing the contract.
    • The advisor will clarify your options to object.
    • The advisor will advise you that you can also get a second opinion, for example from the consumer advice center.
    • The advisor goes into detail about the status quo of your investment and tries to include it in the new concept without wanting to quit prematurely.

    Reputable consultants work with a consultation protocol.

    You should check existing advisory contracts. If contractual deadlines have been agreed, you must adhere to them. If there are no corresponding contracts, you can easily change your financial advisor without separate termination.

    Fee vs. commission

    Customers have the option of using various types of financial advisors. Some consultants work on a fee basis. This means that they receive a fee for their advice regardless of the contracts concluded. Up to 150 euros per hour are usual. However, investing in a fee advisor can be worthwhile, as these financial advisors can recommend suitable products completely independently of commissions.

    If a financial advisor only works on a commission basis, customers can quickly fall into the so-called “commission trap”. In this case, the consultant does not convey the best possible product for the customer, but the one with which he earns the most commission.

    The consumer advocate

    These types differ in their procedures. While the fee advisor offers his advisory service for a fixed fee, the commission advisor advises free of charge, but is remunerated through the commissions of the brokered financial products. The consumer advocate recommends financial products based on secured data on individual banks.

    Conclusion

    Anyone who relies on the greatest possible security when investing should therefore opt for the advice provided by the consumer protection centers. Those who do not want to pay for the advice and who accept that they will receive a product selection based on the consultant’s tiered commission can use the commission consultant. The fee advisor is recommended for independent advice, in which the customer is advised as objectively as possible, even with risk-taking investments.

  • The Perfect Financial Advice You would Need Now

    The Perfect Financial Advice You would Need Now

    A financial advisor advises clients on investments, loans or insurance products. Since the term “financial advisor” is not legally protected, the job profile is very heterogeneous. For example best financial advice from a financial advisor can be trained as a banker and have worked in this profession.

    Likewise, financial advisors can also be tax advisors or insurance agents. Alternative names for financial advisors on the market are also insurance intermediaries, insurance agents or financial experts.

    Consumers may need the help of a financial advisor to find the one that suits them best with a variety of investment opportunities. For example, the financial advisor can help you choose the right investment or help consumers put together appropriate insurance cover. Likewise, financial advisors can help you configure a home loan. At the end of the consultation, a direct brokerage of financial products by the consultant is also possible.

    Find a good financial advisor

    Good financial advisors are usually optimally trained and have sufficient professional experience. For example, you can find out about the training or the necessary professional experience of your financial advisor beforehand on their homepage.

    A financial advisor is also good if he is independent and does not simply act as an intermediary for a bank or insurance company. As an independent financial advisor, for example, he is not bound by special commission agreements. So you can be sure that you get a loan on the best terms on the market.

    Unconditional trust is out of place

    Even if a financial advisor is looking for the best financial advice for the best possible protection or investment for you, he will always act strongly in his own financial interest. So it is important not to trust him unconditionally, because ultimately he wants to earn money from you too. Always remember that there is basically nothing for nothing in the financial industry.

    So go well prepared in financial advice

    You can get detailed information about individual forms of investment in advance, regardless of a financial advisor. There is generally sufficient information on banks’ websites to get an idea of ​​what is on offer. You can also use comparison portals to compare individual products or providers for example in a credit comparison. In addition, think in advance about which types of investment you are particularly interested in and how much money you would ultimately like to invest.

    The goal of your investment is also important. Based on this goal, the financial advisor can find suitable solutions much easier. Should the capital be used primarily for old-age provision or do you want to invest in real estate?

    The more you know in advance about your own goals and wishes as well as about possible products, the better prepared you are for financial advice. This is how you recognize dubious financial advisors

    • The financial advisor will call you before you even get in touch.
    • You should sign blank forms.
    • You will be urged to complete some products.
    • The advisor will not clarify the risks of investment products.
    • The advisor does not accept any other witnesses during the consultation.
    • You will be caught with a prospectus right from the start.
    • This is how you can recognize serious financial advisors
    • You will receive a written confirmation of the most important facts.
    • The consultant will give you sufficient time to think before signing the contract.
    • The advisor will clarify your options to object.
    • The advisor will advise you that you can also get a second opinion, for example from the consumer advice center.
    • The advisor goes into detail about the status quo of your investment and tries to include it in the new concept without wanting to quit prematurely.

    Reputable consultants work with a consultation protocol.

    You should check existing advisory contracts. If contractual deadlines have been agreed, you must adhere to them. If there are no corresponding contracts, you can easily change your financial advisor without separate termination.

    Fee vs. commission

    Customers have the option of using various types of financial advisors. Some consultants work on a fee basis. This means that they receive a fee for their advice regardless of the contracts concluded. Up to 150 euros per hour are usual. However, investing in a fee advisor can be worthwhile, as these financial advisors can recommend suitable products completely independently of commissions.

    If a financial advisor only works on a commission basis, customers can quickly fall into the so-called “commission trap”. In this case, the consultant does not convey the best possible product for the customer, but the one with which he earns the most commission.

    The consumer advocate

    These types differ in their procedures. While the fee advisor offers his advisory service for a fixed fee, the commission advisor advises free of charge, but is remunerated through the commissions of the brokered financial products. The consumer advocate recommends financial products based on secured data on individual banks.

    Conclusion

    Anyone who relies on the greatest possible security when investing should therefore opt for the advice provided by the consumer protection centers. Those who do not want to pay for the advice and who accept that they will receive a product selection based on the consultant’s tiered commission can use the commission consultant. The fee advisor is recommended for independent advice, in which the customer is advised as objectively as possible, even with risk-taking investments.

  • How To Take All The Crucial Financial Decisions Of Your Company

    How To Take All The Crucial Financial Decisions Of Your Company

    You must have heard the very famous quote which says that “The Best Source of Knowledge Is Experience.” So, it is clear that no one can take the decisions better than the ones who have years of experience of working in a particular area. If you are a newbie in the field of business and always confused about the decisions to be taken regarding your company or venture, then here’s a fantastic solution for you. Take the advice and proper guidance by the business experts and analytics working as consultants in the Best Financial Advisory Firms.

    Your friend like advisor is now 24/7 available for your help:
    These firms explore hundreds of investment opportunities and provide a wide range of advice and solutions that help you to transform your business and take it to a higher level. The information they will give you will always be backed by a complete understanding of the aim of your business and the issues and challenges that may come on your road to success and achievements.

    Digitalization has made everything easier:

    These financial advisors are also available online on several portals such as BEE- Business Engineering Experts. These consultants of financial issues also give the Company Valuation Services to their clients. In this manner, they help their customers to know the value of their assets. They put huge efforts to examine and analyze every aspect of the assignment related to your business.

    The Financial Advisory Firms are right beside you to find the best solutions:

    • They provide the best possible valuation services to their clients.
    • They guide about various methods of along time and short time investments for the welfare of the company.
    • They take care of the background check and analyze all the factors causing risk later or any other hidden pitfalls.
    • Regulatory and Accounting services are also given.
    • Accurate estimation of the value is being done based on the research on various parameters.
    • They avoid all kinds of security fraud and help to ensure the safety of all the investment processes.
    • They provide their clients, the assurance that any personal information of detail provided by them will be kept strictly confidential and will not be passed to any unauthorized third party.

     

    The online firms providing their clients with Company Valuation Services are trustworthy,and they offer the most reliable services.

    You can hire your own consultant from the Best Financial Advisory Firms that will work with you and for you. Taking guidance from these firms will lead to the profitability of your organization. They will also help you in enhancing your practical knowledge in this highly competitive business world. So, if you want to take your business to another level and gain the maximum profit out of it, then without thinking about it twice, you can surely go for the best financial advisory firms!