This is the place to go if you're searching for an Indianapolis financial planner. Castle Investment Advisors has been registered with the SEC and specializes in personal wealth management, charitable trusts retirement funds, and private foundations. In addition, they have a separate division called the Castle Valuation Group, which prepares business valuations for both public and privately held companies. Castle Investment Advisors will help you through the transitions, whether you are looking for retirement planning or selling your business.
Fiduciary financial advisors put clients' interests before their own
Fiduciary advisors are financial advisers who place the best interests and needs of their clients first. Fiduciaries must follow strict legal guidelines. They are not compensated by the companies they recommend. This allows them to offer impartial advice that is free from conflict of interest.
As a fiduciary financial advisor, your financial advisor will invest your money with the greatest care and diligence. Their main goal is to put your interests before their own, and they will never make a recommendation without your permission. A fiduciary advisor will help you identify the best investments, balance your portfolio, and provide assurance.
Senior financial advisors
Senior financial advisors are available to help seniors manage their finances and keep them from falling prey to fraud. Choosing the right advisor is important in order to meet the needs and financial goals of your loved one. The goals of a senior who is looking to increase retirement savings are often different than those who are more concerned with carefully managing their existing nest egg.
Many Indianapolis-based companies offer senior financial advisory services. CFG Wealth Management Services is one example. The Indianapolis firm offers educational services, investment management, and retirement planning to its clients. The company's professionals have more than 30 years experience in asset management and retirement planning. Each advisor is a certified financial planning professional.
Fee-only advisors
A fee-only financial advisor in Indianapolis can be an excellent choice for your financial planning needs. These advisors can help with retirement income planning, tax planning, investment management, and tax planning. They are independent fiduciaries and earn their compensation directly through their clients. There is no conflict of interest due to commission-based arrangements.
Fee-only advisors in Indianapolis cost based on the fiduciary. In general, these advisors charge a one-time fee of $1,000 to $2,000 or an hourly rate of $200-500. Additionally, you may have to pay a $100-$1000 per month retainer fee to continue asset management. Some advisors also charge a commission from certain products or a percentage of the overall portfolio value.
Costs of working with an advisor financial advisor
The cost of working with a financial advisor in Indianapolis is a matter of personal choice and can vary greatly. There are a few things to consider when choosing an adviser. Ask whether the adviser charges a fee. This will make sure that you get advice that is in your best possible interests. A fee-only advisor is less likely than a fee-based financial advisor to sell you unnecessary products.
Next, consider whether advisors are fiduciaries. This means that they are legally required to look out for the best interests of their clients. A fiduciary is an independent advisor who is paid only for recommending products which are in your best interests.
FAQ
How do you choose a consultant to help me?
There are three main things to keep in mind:
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Experience - How experienced is the consultant? Is she an expert, beginner, intermediate or advanced consultant? Does her resume show that she has the necessary skills and knowledge?
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Education - What did he/she learn in school? Did he/she go on to further education after graduation? Is there evidence that he/she learned from the writing style?
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Personality: Do you like this person or not? Would we want him/her to work for us?
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These questions will help us determine if the consultant is right to meet our needs. If the answers are not clear, it may be worthwhile to interview the candidate in person to get more information about them.
What types of jobs are available as a consultant?
A job as a consultant requires you to have an excellent understanding of business strategy and operations. It is important to understand the workings of businesses and how they fit into society.
Being a consultant requires great communication skills and the ability think critically.
Because consultants may be required to perform different tasks at different times, they must be flexible. They should be able change direction quickly, if required.
They must be prepared to travel extensively for the clients they represent. This kind of work can take them around the world.
They should also be able manage stress and pressure. Consultants may need to meet strict deadlines.
Consultants may work long hours. You might not always be paid overtime.
Why should consultants be hired?
There are many factors that could lead to you hiring consultants.
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Perhaps your company has a specific problem or project you need to address
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You would like to improve your skills or learn new things
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It is important to work with an expert on a subject area
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There is nobody else who can do this job.
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It's overwhelming to see all the information, and you don't know how to get started.
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You can't afford full-time employment
You can find good consultants by word of mouth. Ask around to see if you know any good consultants. Ask someone you know who is a consultant for his/her recommendations.
Use the "Search People" function to search for consultants in your region if you are interested in using online directories like LinkedIn.
How much does it cost to hire a consultant?
It is not easy to determine how much it will cost to hire a consultant. These are:
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Project size
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Time frame
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Scope of work
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Fees
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Deliverables
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Other considerations like experience level, geographical location, etc.
Statistics
- "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)
- 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)
- 67% of consultants start their consulting businesses after quitting their jobs, while 33% start while they're still at their jobs. (consultingsuccess.com)
- So, if you help your clients increase their sales by 33%, then use a word like “revolution” instead of “increase.” (consultingsuccess.com)
- According to statistics from the ONS, the UK has around 300,000 consultants, of which around 63,000 professionals work as management consultants. (consultancy.uk)
External Links
How To
How to start a consulting company and what should I do first?
It's a great way for you to make money online by starting a consulting company. You don't have to have any business experience. Building a website is a great place to start a consulting business. Once you've built a website, you'll want to use social media platforms such as Facebook, Twitter, LinkedIn, Instagram, Pinterest, YouTube, etc... to get the word out about your services.
You can use these tools to put together a plan for marketing that includes:
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Blog Content Creation
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Building relationships (contacts).
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Generating leads, also known as lead generation forms
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Selling products via ecommerce websites
Once you've created your marketing strategy, the next step is to find clients who are willing to pay you for your services. While some prefer to network through events and networking groups, others prefer to use online tools like Craigslist or Kijiji. It's up to you to make the decision.
Once you have a new client, you need to discuss terms. These could be hourly fees, retainer arrangements, flat-fee contracts, or other types of fees. So that you are able to communicate clearly during the entire process, it is important to understand what you expect from a client before you accept them.
Hourly agreements are the most commonly used contract type for consultancy service. This contract allows you to pay a fixed amount each week or month for certain services. You might be able, depending on which service you offer, to negotiate a discount. Make sure you understand what you are signing when you accept a contract.
Next, create invoices and then send them to clients. Invoicing is one those things that seem so simple until you actually do it. There are many options for invoices to be sent to your clients. Some prefer to send their invoices directly by email, while others prefer to print and mail hard copies. No matter what you do, make sure it works!
Once you have completed creating invoices you will want to collect payment. PayPal is popular because it is easy to use, offers several payment options, and most people prefer it. Other payment processors, like Square Cash or Google Wallet, Square Cash or Apple Pay, Venmo and Venmo are also available.
Once you are ready for payments to begin, you will need to open bank accounts. Separate checking and savings accounts allow you to keep track of income and expenses separately. It is also a good idea to set up automatic transfers into your bank account for paying bills.
It can seem daunting to start a consulting business. But once you understand how it works, it becomes second nature. This blog post will provide more information about starting your own consultancy business.
The best way to make extra cash is to start a consulting business. Consultants can work remotely so they don't have the hassle of dealing with office politics and long working hours. You have more flexibility than traditional employees because you aren't tied down by work hours.