Any time you need questions answered about finances, whether it’s how much insurance to buy or what should be in your stock portfolio, it’s fairly difficult to find someone to give you advice who is not going to profit from doing so. You should always find independent financial advice from someone who isn’t going to earn a commission by selling you something.
Insurance and investment agents will all be more than happy to discuss your insurance needs, help you with investments, tell you what stocks to buy, or what funds to invest in. And of course the advice will be based on whatever company they represent, selling you only products they can have to sell.
At that point, you need to understand that the person whose financial situation he is primarily concerned about is his, not yours.
Of course, there are many reasons besides investing that you might need some financial advice. Not everyone who offers advice is on commission, but he might not be an expert in the topic either. If you are looking for perhaps some advice on mortgages, you can certainly get free advice at any bank. Sure, they’ll try to get to apply because they, too, are probably on commission, but since all mortgages are pretty similar aside from their APR, the advice should fit any bank you decide to do business with.
These planning sessions can run you over a few thousand dollars each – and many consumers say they are pretty useless, having their agents come up with investment plans that only the wealthy could afford.
If you need help with getting out of debt, paying bills, finding students loans, or if you have questions about mortgages, start with a CPA – Certified Professional Accountant. They don’t sell products. They will probably charge you for an of time, but they have experience in all areas of finances and can at least steer you in the right direction.
Looking for Financial Advice but don’t know where to turn? Find out how Independent Financial Advice can turn things around for you! Learn all about getting advice on your debt and other finances today before it’s too late!
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