consulting firms

Castle Investment Advisors - Indianapolis Financial Advisors

By Barbara Thomas 31 July, 2023 2 mins read

This is the place to go if you're searching for an Indianapolis financial planner. The SEC-registered Castle Investment Advisors focuses on the management of personal assets, charitable trusts, retirement funds, and private family foundations. Castle Investment Advisors also has a separate division called Castle Valuation Group that prepares business valuations, for both publicly and privately owned companies. Castle Investment Advisors can help with any of your transitions.

Fiduciary financial advisers protect clients' interests over their own

Fiduciary Financial Advisors are advisors who work in the best interest for their clients. Fiduciaries are required to follow strict legal guidelines and never receive compensation from companies they recommend. This allows them to offer impartial advice that is free from conflict of interest.

Your fiduciary advisor will ensure that your money is invested with the utmost care and diligence. Their goal is to protect your interests, so they won't make any recommendations without you consent. Fiduciary advisors can help you make the right investments, balance your portfolio and give you peace of mind.

Senior financial advisors

Senior financial advisors are available to help seniors manage their finances and keep them from falling prey to fraud. The right advisor will be able to help you meet your loved ones' financial goals. Seniors looking to save more money for retirement are likely to have different goals from those who want to manage their existing nest egg.

Many Indianapolis businesses offer financial advisory services to senior citizens. CFG Wealth Management Services (one example) is one of these companies. CFG Wealth Management Services, an Indianapolis-based firm, offers its clients retirement planning, investment management and education services. The team includes professionals with over 30 years' experience in asset planning and retirement planning. Each advisor is a certified financial planning professional.

Fee-only advisors

A fee-only Indianapolis financial advisor is an excellent option for financial planning. These financial advisors offer services such as investment management, tax planning, and retirement income planning. They are independent fiduciaries and earn their compensation directly through their clients. There is no conflict of interest due to commission-based arrangements.

Fee-only advisors in Indianapolis cost based on the fiduciary. In general, these advisors charge a one-time fee of $1,000 to $2,000 or an hourly rate of $200-500. For ongoing asset management, you might need to pay a $100-$1000 retainer fee. Some advisors will also charge a commission based on certain products or a percentage to the portfolio.

The cost of working with a financial planner

Working with a financial adviser in Indianapolis is an individual decision that can be very variable. However, there are a few things you should keep in mind when deciding which adviser to choose. First, ask if the advisor charges a fee. This will ensure you receive advice that is in your best interest. Additionally, an advisor who charges a fee only is less likely to recommend unnecessary products.

You should also consider whether your advisor is a fiduciary. This means they are legally bound by law to protect their clients' interests. A fiduciary does not receive compensation from the companies they recommend.

Check out our latest article - Top Information a Click Away

FAQ

How can I find clients for my consulting business?

Finding a passion area is the first step. This could be social media or public relations. However, it must be something that you are passionate about. You may need to start small and find a niche market like web design. Once you've found this niche, make sure you understand what makes it tick. What problems does it solve? What problems can it solve? What can you do to support them?

You can also approach businesses directly.

If all else fails you can offer your services at free events such as conferences or networking nights. You will meet potential customers and be able show your skills without having to spend money advertising.

Can you run a business consulting from your home?

Absolutely! In fact, many consultants already do exactly this.

Working remotely is a common way for freelancers to work. They use tools like Skype, Trello (Slack), Trello, Basecamp and Dropbox. They may even create their own office space in order to take advantage of company perks.

Some freelancers prefer working in cafes and libraries over traditional offices.

And others choose to work from home because they enjoy being surrounded by their children.

There are pros and cons to working remotely. It's worth looking into if your job is fulfilling.

Who hires consultants

Many organizations have consultants who help them with projects. This includes small businesses, large corporations and government agencies.

Some consultants work directly for these organisations, while others freelance. In either case, the hiring process varies depending on the size and complexity of the project.

Before you can hire a consultant, there will be several rounds of interviews.

What is the average price you should charge for a consulting job?

It depends on what service you provide. You don't have to charge anything if you provide services free of charge. If you're selling products or services however, prices should be determined based on their value.

You don't have any products to sell if you provide low-quality services. So why would anyone pay any money for your services.

If you are providing high-quality services, then you could ask for a higher price because people recognize the value you provide. Clients who purchase multiple packages may be eligible for discounts.

Why hire consultants?

You might need consultants for a variety of reasons.

An organization might have a particular problem or project that requires solving
You would like to improve your skills or learn new things
You would like to work with an expert in your field.
There is nobody else who can do this job.
You feel overwhelmed by all of the information out there and don't know where to start
You don't have the money to pay someone full time

Referrals are the best way for you to find a qualified consultant. Ask around to see if you know any good consultants. Ask someone you know who is a consultant for his/her recommendations.

You can use online directories such as LinkedIn to find consultants in your local area.

Statistics

Over 50% of consultants get their first consulting client through a referral from their network. (consultingsuccess.com)
WHY choose me: Why your ideal client should choose you (ex: 10 years of experience and 6-week program has helped over 20 clients boost their sales by an average of 33% in 6 months). (consultingsuccess.com)
"From there, I told them my rates were going up 25%, this is the new hourly rate, and every single one of them said 'done, fine.' (nerdwallet.com)
On average, your program increases the sales team's performance by 33%. (consultingsuccess.com)
Over 62% of consultants were dissatisfied with their former jobs before starting their consulting business. (consultingsuccess.com)