Find the Best Fit for Your Needs and Goals

  • Choose a financial adviser based on the type of relationship you want with them.
  • Hourly advisers are better for occasional help, while comprehensive advisers offer ongoing services.
  • Hourly planners may not sell products and provide less biased guidance.
  • Consider your needs and goals when choosing an adviser.
  • Working with a fee-only practice is like concierge medicine for financial advice.
  • Flat fee advisers typically cost between $1,500 to $10,000, while AUM advisers charge around 1% of assets under management.

When choosing a financial adviser, consider whether you need occasional help or ongoing support. Hourly advisers are ideal for DIY investors who want light assistance, while comprehensive advisers offer proactive advice and ongoing services. Hourly planners may not sell products and provide less biased guidance. For a more hands-off approach with retirement planning and tax-efficient withdrawals, consider a comprehensive adviser. To find the right fit, think about your needs and goals, and look for a certified financial planner who puts clients’ interests first.

Factuality Level: 8
Factuality Justification: The article provides accurate information about the different types of financial advisers and their services. It includes expert opinions from certified financial planners to help readers make informed decisions based on their needs and goals. The article is well-structured and presents a clear comparison between hourly, flat fee, and assets under management advisers. However, it lacks some specific details about the costs and benefits of each option.
Noise Level: 3
Noise Justification: The article provides useful information for individuals seeking financial advice, comparing different types of advisers based on their needs and preferences. It offers insights from various experts in the field and highlights the pros and cons of each option. However, it lacks a strong focus on long-term trends or possibilities, antifragility, accountability, and actionable insights.
Private Companies: Carmichael Hill & Associates,Landmark Wealth Management,TGS Financial,Sona Wealth Advisors,Highland Financial Advisors
Key People: Matt Bacon (certified financial planner), Joe Favorito (CFP), Jim Hemphill (CFP), Mark Struthers (CFP), Joey Casolaro (certified financial planner)

Financial Relevance: Yes
Financial Markets Impacted: The article discusses different types of financial advisers and their services, such as hourly, assets under management (AUM), and flat fee advisers, which can impact personal financial decisions and choices made by individuals.
Financial Rating Justification: The article provides information on the differences between various adviser models and how they may affect an individual’s financial planning process. It also mentions fees associated with each model, which could influence their choice of adviser and potentially impact their overall financial situation.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: The article discusses financial advisory services and does not mention any extreme events.·
Move Size: No market move size mentioned.
Sector: All
Direction: Neutral
Magnitude: No
Affected Instruments: Stocks

Reported publicly: www.marketwatch.com