Financial Planning - Island Lake, Illinois
A lot of people wonder why anyone would pay cash to a financial consultant when so much free financial information is available in books, on the Internet etc. The prime reasons are accuracy and reliability, accountability and personalization.
Why Free Financial Advice May be Dangerous
Needless to say, plenty of financial facts are available on the internet and other sources. But, the issue lies on accuracy and reliability. It is extremely difficult to determine what is accurate and suitable for your individual requirements and objectives. There isn't any doubt that what is right for your good friend might not be right for you. If you make financial decisions based on free financial advice that is inappropriate to your requirements and objectives, it could be harmful for your financial well being.
The main problem with free financial advice is that they don't know anything regarding your individual finances, goals etc. They're unaware of your own risk tolerance or time horizon. They offer one-size-fits-all financial advice. Another big danger is that these types of free financial tips are without recourse. If such free advices cause you to throw money away, you have no recourse. It is always more pricey than expert advice.
Exactly what is a Certified Financial Planner® and Why You Need a Financial Planner From GC Financial Advisors
The number one advantage of hiring a certified planner is they see your financial situations as a whole. He'll study each and every facet of your financial life. Having a sound understanding of your risk appetite, your outstanding liabilities, your needs and requirements, he will come up with financial suggestions that will care for each aspect in total. Thus, a Certified Financial Planner® makes your financial life better.
A Certified Financial Planner® is a financial advisor who satisfies the requirements established by the CFB Board of Standards. Certified planners are trained to create comprehensive financial plans. They access your finances, troubleshoot troublesome areas and suggest appropriate options. They assist you with a wide variety of financial decision making. A Certified Financial Planner® should be expertise in various investment practices, insurance, retirement accounts, taxes etc.
What to Look for When Selecting a Certified Financial Planner® From GC Financial Advisors Ltd. – Island Lake, Illinois
You should select a Certified Financial Planner® since you will be working quite closely with your financial advisor from GC Financial Advisors for quite some time! Be sure to be aware what services will be provided, and what their responsibilities will be.
For more details, please do not hesitate to contact us at any time and we'll be glad to help you!
