Financial advisor for a smaller investor

Posted under: MSMEs
Date: 2024-01-08
Financial advisor for a smaller investor

Too many people are afraid to engage with a professional financial advisor because they do not believe they have enough assets. But getting the right guidance can have the biggest impact on your long-term investment success. Finding an advisor who is open to working with clients with fewer assets is definitely a challenge. Clients with assets under $250,000 have a different range of financial needs than wealthier clients and will typically pay a higher fee for services. As assets grow, it is possible to reduce these fees over time. There are two fees that an investor will pay. As a smaller investor, you may need different services than a more affluent investor desires. Many financial advisors will offer an individualized financial plan included with their advisory fee, but as a smaller client, you may be asked to pay for the financial plan separately. In the beginning, you may not need as many services because you have fewer assets.

Read more at: money.usnews.com