Financial Planning FAQ (Part 1)

Have you been contemplating taking advantage of financial planning services in order to get a headstart on your financial future and to help you meet your financial goals? Financial planning is incredibly important and can help to ensure that the financial choices and decisions you’re making are the best ones and will help you to achieve your goals, both short-term and long-term. Here are some of the frequently asked questions that clients tend to ask financial advisors to know about and our responses to them: 

Why should I hire a financial advisor?

It’s not uncommon for people to question why financial planning services are even necessary. However, the fact of the matter is, there are many benefits to financial planning services. For one, a financial planner can help you make a roadmap for your financial future and can give you advice and guidance on how you can achieve your financial goals. They can share their wealth of knowledge and insights with you, and recommend which courses of action they think would be best suited for your particular financial needs, goals, and budget. They can also help you save thousands of dollars in the long-run, which means the ROI for financial planning services is very high. 

How can I find a good financial planner?

Finding a good financial planner isn’t always easy, which is why it’s important to take your time and to look around before you decide. Do your research, inquire about their experience and qualifications, make sure they have the types of credentials you’re looking for, read their reviews and testimonials, and even consider calling some of their past clients as references, just so that you can be sure that you and your finances will be in good hands. Contacting them directly and meeting them is also a great way to tell if they will be a good fit for the job or not. 

How much do financial planning services cost?

Oftentimes people are curious about how much financial planning services cost. However, how much they can cost depends on a variety of different factors, such as a financial advisor’s experience, their education, and what they charge for their services. Generally speaking, financial advisors will typically charge money in one of two ways: based on commission or based on set service fees. Therefore, it’s difficult to give an estimate of how much people can expect to pay if they choose to meet with a financial planner. 

To learn more about our financial planning services, feel free to contact Michael Rebischke, your local financial planner near Edina MN.