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Monday, October 5, 2009

Finding Affordable Financial Advice

By Richard Moran

It really isn't that hard to find a professional to help with your finances. Many times the larger firms have staff to help, if you don't mind a somewhat bias opinion. But to get the best, advice without talking to a "salesman", you may have to be willing to pay some money.

How Should You Start

Let's start with the easy, uncomplicated way of searching for advice. The first place should be your phone book. That way you'll know where the firm is located an if it will be convenient for your purposes. Assemble a small list of firms from the phone book, call and see what you can learn on the phone. Then you can determine if they will charge for a personal consultation and if they do what that fee will be. Also ask if they do charge a fee, and you contract their services if that fee will be credited back to your account. With the economy the way it is the firms may be more flexible in their charges.

Friends Can Help

If you are not able to get the information that you need from the phone call, then you can talk to some of your friends or family that may have already been looking into financial help before you were. They may have had some good experiences with a certain financial adviser and can point you in the right direction. They may even be able to help you get a discount because they helped you find them.

Research

Once you think you have found an interesting prospect to possibly work with, take all you have and start your internet searches. With the vastness of the internet today there is not much you can find from the comfort of your home. You may be able to reaffirm your belief in a very short time this way.

Most of the financial websites that are independent will have unbiased appraisals of both firms and particular professional advisors. There are many websites by "celebrity" advisors such as Jim Cramer who give advice directly on the internet or through their websites. Chat rooms, blogs, or forums often address peoples experience with particular firms or advisors. Don't expect all good things, everyone has some detractors in the world. With this method you should be able to cull out the better candidates.

Getting financial help doesn't have to be hard if you are able to find the right person and you are willing to really look at what may be going on with the financial area of your life. Taking the time to really look into it will help you to understand what you are going to need to do well before you start investing the money that you make and are trying to save for later in life. - 23159

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