Financial advisors or financial planners are people who help you plan and manage your personal or corporate finances in a sustainable or profitable way. Perhaps you are wondering why such an advisor is necessary. An advisor's words and thoughts can make a significant difference in these complex times of finance and commerce.
If you were a successful entrepreneur with a lot of personal wealth and a large business, your spouse or parents or close friends may have been your advisors and helped you manage your company's assets. Fees, commissions, and a mixture of both can be paid to financial advisors. deVere Insights offer fee-based advisors that will charge you a monthly or bimonthly salary.
You won't have the problem of the advisor making trades on your behalf and getting a commission. They are paid to provide advice and it doesn't matter to them if the advice is successful or not. A commission-based financial advisor gets paid per transaction or investment made using his advice.
Financial planning and advice are the most popular types of business services. Financial planning is an integral part of modern commerce and all major economies. Advisors are also important to the younger generation approaching retirement. These people are interested in investing in their retirement funds.
This demographic is being targeted by big companies, which are running massive advertising campaigns. Their goal is certain to succeed, as retirement is one of the main reasons financial advisors are so valuable.