Financial Planning - Chicago, IL
Lots of individuals question why anybody would pay dollars to a financial advisor when so much free financial information is available in books, on the Internet etc. The prime reasons are accuracy, accountability and customization.
Why Free Financial Advice Can be Dangerous
Needless to say, countless financial facts are available on the internet and other sources. But, the problem lies on accuracy. It's nearly impossible to determine what is accurate and appropriate to your individual requirements and objectives. There isn't any doubt that what's befitting for your close friend may not be best for your needs. If you make financial decisions depending on free financial advice that is inappropriate to your requirements and objectives, it could be damaging to your financial well being.
The main problem with free of charge financial advice is that they do not know anything regarding your individual finances, ambitions etc. They are unaware of your risk tolerance or time horizon. They offer one size fits all financial guidance. Yet another big danger is that these free financial advices are without recourse. If these kinds of free advices lead you to lose money, you haven't any recourse. It will always be more pricey than expert consultancy.
What is a Certified Financial Planner® and Why You Need a Financial Planner From GC Financial Advisors
The number one good thing about hiring a certified planner is that they see your financial situations as a whole. He will study every single aspect of your financial life. Having a sound knowledge of your risk appetite, your outstanding liabilities, your needs and requirements, he will come up with financial recommendations which will care for each aspect in total. Thus, a Certified Financial Planner® makes your financial life superior.
A Certified Financial Planner® is a financial advisor who meets the requirements set up by the CFB Board of Standards. Certified planners are trained to develop comprehensive financial plans. They access your finances, troubleshoot problem areas and propose suitable choices. They assist you with a wide selection of financial decision making. A Certified Financial Planner® should be expertise in numerous investment practices, insurance, retirement accounts, taxes etc.
What to Look for When Selecting a Certified Financial Planner® From GC Financial Advisors Ltd. – Chicago, IL
It is important to select a Certified Financial Planner® since you will be working quite closely with your financial adviser from GC Financial Advisors for quite some time! Be sure to be aware what services will be delivered, and what their responsibilities will be.
For more info, please feel free to contact us at any time and we will be glad to help you!
