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Key Considerations for Financial Planning Services in Barboursville, WV

If you’re in the market for financial planning services in Barboursville, WV, you need to be aware of some critical facts. Many people sign up for financial planning services without fully investigating exactly what products or services they sell. That can be a dangerous financial decision, as the wrong strategies and products could bring about financial ruin. It is highly recommended that you put serious time and energy into researching the industry, and deciding exactly what you wish to achieve financially before hiring any financial planning services in Barboursville, WV.

Hiring a financial planner is not something to take lightly, and no one should blindly hand over their financial futures to someone else without having sound knowledge of their background and qualifications. No matter how nice they might seem to be. Even if you only have short term financial goals, it is important to complete responsibility for your financial well-being in their hands. It is up to you to make informed decisions about which products and services you want, so it is important to understand the full scope of products and services, as well as the role of any individual or firm advertising investment planning in Barboursville, WV.

What Barboursville, WV Financial Planning Advisors Can Offer

What many consumers don’t know is that there are many different types of financial planners offering a huge variety of products and services. Certain planners are only qualified for particular services, and can’t sell investment products or options. Others are fully qualified and offer a comprehensive service. The type of financial planner you hire depends very much on your financial needs, goals, and resources. If you have only short term plans, such as saving money to buy a car or house, you may not need to spend money on a completes service.

Different planners have different qualifications as well. Look for qualifications such as AEP (Accredited Estate Planner), CPA (Certified Public Accountant), PFS (personal Finance Specialist), or ChFC (Chartered Financial Consultant) when shopping for financial planning services in Barboursville, WV. If you come across someone with different qualifications, find out what they mean and what organization certifies them. It would then be due diligence to find out about that organization, and even contact them to find out if the person is in good standing. This is not prying, it is protecting the interests of you and your family, and it is legal and acceptable.

Some planners sell financial products, and to do so they must be legitimately qualified. Financial planners who sell investment products are considered brokers and must have the appropriate insurance or securities licenses to do so. If the individual or firm you are working with is not qualified o sell you investment products, they should be able to direct you to someone who can. How much you will pay for financial planning services in Barboursville, WV will depend on the products and services you require. Keep in mind that some providers charge a flat rate, while others charge a commission, or a combination of both.

Elizabeth Eisenhower recommends Todd Dudley for Financial Planning Services, Barboursville, WV. As an independent financial advisor, Todd Dudley offers personalized financial strategies based on your unique situation. Todd Dudley can be contacted directly at 304-736-7490.