Questions to ask before consulting a financial advisor

Independent financial advisors are an excellent resource for savers and investors alike and offer expert guidance in several different areas. However, before meeting with an advisor, it can be worth narrowing down what type of advice you require. In this article, we’ll look at some questions you can ask yourself to ensure you find the right type of advisor. Read on to find out more.

Do you have money free for investment?

Examine your finances and see just how much you can afford to invest. Remember to deduct any outstanding bills, loans and debts before arriving at how much you can set aside for investment.

What level of risk are you willing to take?

While expert advisors create portfolios that balance risk and return, in many forms of investment, there is a chance that you may lose money. Investments that are riskier tend to pay out more when they do well, and generally, the longer the investment period, the more likely investors are to make a profit rather than suffer a loss.

Are you financial planning for a specific event?

Independent financial advisors don’t only offer guidance on investments, but can also help their clients with strategic planning. For instance, you might be trying to accrue funds to ensure you have adequate provisions for your retirement.

If you are looking for independent financial advice in Shropshire or Chester, we can help by providing a comprehensive service. Contact Hartey Wealth Management today to discuss your current financial circumstances, investment aims and plans for the future.


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