Creative Money LLC offers professional financial planning services for the Seattle area. Their team is composed of highly-trained professionals who are dedicated to helping their clients achieve financial independence. Mindy, who is the founder of this company, has a master's Degree in Business Administration and more than 20 years of experience working in big financial institutions. She also holds professional certifications in coaching.
Advice only financial advisors
Only financial advisors in Seattle can provide advice and not offer any financial planning. They can advise clients on how to invest their portfolio and make suggestions but not push clients into particular investments. They may also offer information about possible investment opportunities which can prove to be very valuable. Many clients remain skeptical about the services offered by these financial advisors.
A financial advisor can help you create a long-term strategy for investing. They can help you build an investment portfolio that will help you reach your financial goals, such as retirement. A local financial advisor will also be familiar with the Seattle economy, including the cost of living and the employment opportunities.
Fee-based financial advisors
There are two types Seattle's financial advisors. Fee-based or fee-only. An advisor who is fee-only is paid by clients. This contrasts with a fee-based financial adviser, who is compensated only by fees from their clients. This creates an inherent conflict in the interests. A fee-only financial advisor must also act in the best interests of their clients.
A fee-based advisor charges a fee, which can vary depending on the client. A fee for services varies from $600,00 to $1 million, but it is usually based on the client's net worth. Many fee-based financial advisors in Seattle offer comprehensive wealth management strategies. A fee-based advisor can help with everything from portfolio management to estate planning and retirement planning.
Firms that manage wealth
Seattle wealth management firms provide a range services including financial planning, investment management, and other financial services. They help individuals, companies, and pension and profit sharing plans achieve their financial goals. They can provide customized investment and financial management strategies that fit each client's specific financial needs.
Miller Advisors, a independent fee-only wealth manager firm, is one among the most prominent wealth management firms in Seattle. Miller Advisors provides comprehensive services that include investment management, retirement planning estate planning, family business planning, and estate planning. The firm is made up of certified financial advisors, attorneys, estate planners, as well as estate planners. The team has extensive experience helping families manage their financial needs, and has a combined 50 years of experience.
Cost of working with a financial advisor
Financial advisors may charge a flat fee or an hourly fee for their services. Some financial advisors charge an hourly rate while others charge an annual one percent fee. Asset management fees vary from about $230 an hr to as high as $7,500.
Before you hire an advisor it is important to be aware of the charges. Some advisors charge an hourly rate for certain services, which you may not need. You may also have to pay a onetime fee to answer certain questions. Good financial advisors will want to build a long-term relationship.
FAQ
What is a consultant?
A consultant is someone who provides services for other people. It's not a job title. A consultant is a role that helps others achieve their goals. By helping people understand their options and helping to make the right decisions, you do this.
Consultants have the ability to solve any problems or challenges that may arise from projects. They provide advice and guidance about how to implement those solutions.
Consulting should be able answer any questions related to technology, finance, law and management.
Why would you want to hire consultants?
There are many reasons why you might need to hire consultants:
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Your organization may have a specific project or problem that needs solving
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You want to increase your skills and learn something new
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You would like to work with an expert in your field.
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You have no other choice but to do the job.
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Feel overwhelmed by all the information available and don't know where you should start
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You don't have the money to pay someone full time
Referrals are the best way for you to find a qualified consultant. Ask your friends and family if they know of any reliable consultants. Ask someone you know who is a consultant for his/her recommendations.
If you choose to use online directories such LinkedIn, make sure to use the "Search People” function to locate consultants in your area.
How much should you charge to be a consultant?
It depends on what service you provide. If you are offering services for free, it is not worth charging anything. If you sell products or services, however, you must set prices based upon value.
If you're providing low-quality service, you don’t have anything to offer. Why should anyone pay for your services?
If you provide high-quality service, you may ask for higher prices because people appreciate the value you offer. You may also want to offer discounts to clients who buy multiple packages from you.
Statistics
- According to IBISWorld, revenues in the consulting industry will exceed $261 billion in 2020. (nerdwallet.com)
- Over 50% of consultants get their first consulting client through a referral from their network. (consultingsuccess.com)
- WHY choose me: Why your ideal client should choose you (ex: 10 years of experience and 6-week program has helped over 20 clients boost their sales by an average of 33% in 6 months). (consultingsuccess.com)
- "From there, I told them my rates were going up 25%, this is the new hourly rate, and every single one of them said 'done, fine.' (nerdwallet.com)
- Over 62% of consultants were dissatisfied with their former jobs before starting their consulting business. (consultingsuccess.com)
External Links
How To
How do I start a consulting business without any money?
This is a simple, effective and inexpensive way to get your business started without having to invest any capital.
This tutorial will show you how to make money online from home. It will also help you improve your skills and earn extra cash.
Here are some secrets to help you get traffic on demand.
This method is known as "Targeted Traffic". This is the method that was created to enable you to do such things.
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Find the niche in which you would like to work.
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For solutions on Google, it is important to research the keywords that people use.
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These keywords can be used in content.
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Post your articles on article directories.
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Make sure to use social media sites for promotion of your articles.
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Establish relationships with experts and influencers in your niche.
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Get featured on these sites and blogs.
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By sending emails, you can increase your email list.
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Get started making money.