Creative Money LLC offers professional financial planning services for the Seattle area. Their team is composed of highly-trained professionals who are dedicated to helping their clients achieve financial independence. Mindy Crary is the founder of the company. She has a master's degree in business administration and over 20 years experience in the financial sector. She also holds professional certifications in coaching.
Advice only financial advisors
Advice only financial advisors in Seattle provide hands-off financial planning. They advise clients on their portfolio investments and give suggestions, but don't push clients into specific investments. They may also offer information about possible investment opportunities which can prove to be very valuable. But many clients still have reservations about the services of these financial advisors.
It is a great idea to hire a financial advisor in order to develop a long-term investment plan. A financial advisor can help you create an investment portfolio that will help reach your financial goals. A financial advisor who is local to Seattle will be familiarized with the economy and details about the businesses in the region.
Fee-based financial advisers
There are two types Seattle's financial advisors. Fee-based or fee-only. A fee-only advisor is compensated only through fees from their clients. This is unlike a fee dependent financial advisor who receives incentives and commissions from financial product companies. Inherent conflict of interest is a result. In addition, a fee-only financial advisor is required by law to act solely in their clients' best interests.
A fee-based financial advisor will charge a fee that varies from client to client. Fees for services range from $600,000,00 up to $1 million. However, the fee is usually determined by the client’s networth. Many fee based financial advisors offer comprehensive wealth management services in Seattle. The fee-based advisors are able to help with many other areas, including portfolio management and estate planning.
Firms that specialize in wealth management
Seattle wealth management agencies offer a range of services which include investment management and financial planning. They work with individuals and companies of high net worth to help them achieve their financial goals. They can offer customized financial management strategies and investment strategies to suit each client's individual financial situation.
Miller Advisors, which is an independent wealth management firm that charges no fees in Seattle, is one example of some of the leading wealth management firms. The firm offers comprehensive services, including investment management, retirement planning and estate planning. The firm is made up of certified financial advisors, attorneys, estate planners, as well as estate planners. The team has combined 50 years of financial planning experience.
Financial advisors are expensive
The fee that financial advisors charge for their services varies depending on whether they offer a fixed or hourly rate. Some advisors charge an annual fee equal to one percent of the AUM while others charge per hour. Asset management fees vary from about $230 an hr to as high as $7,500.
Before hiring an advisor, it's important that you know what each advisor charges. For certain services, some advisors may charge an hourly cost. This might not be necessary. There may also be a onetime fee charged for limited questions. Good financial advisors will want to build a long-term relationship.
FAQ
Can I get a degree as a consultant?
You can become an expert in any subject by learning the subject thoroughly, then applying what you have learned.
You can learn all you need to know to become a great consulting professional by starting to study now.
A degree without relevant experience may make it difficult for you to be hired. You could still apply if you are able to show that you have the same subject knowledge as the people who were hired.
Employers are always looking for people with real-world knowledge.
What qualifications are necessary to become a consultant
It's not enough just to have an MBA degree; you must also demonstrate experience working as a business consultant. You should have at least two years of experience in consulting and/or training for a major company.
You will need to have worked closely alongside senior management teams in order to develop strategy projects. You will need to feel comfortable communicating ideas to clients and getting their support.
Additionally, you will need to pass a professional qualification such as the Chartered Management Institute Certified Management Consultant (CMC).
What can I anticipate from my consultant
When you choose your consultant, they should respond within a few working days. They will request information about your company including its mission and goals, products, services, budget, and other pertinent details. Next, they'll provide a proposal describing the scope and estimated time frame, fees, deliverables or milestones, as well as an estimate of costs.
If everything goes as planned, then both parties will agree to a written contractual agreement. The type relationship between the two sides (e.g. employee-employer or independent contractor-employer) will dictate the terms of the contract.
If all goes according to plan, the consultant will begin working immediately. S/he will have access to your internal documents and resources, and you'll have access to his/her skills and knowledge.
You shouldn't assume, however, that every consultant is an expert in all areas. It takes practice, effort and practice in order to be an expert in any area you consult. Don't expect your consultant know everything about your company.
What happens after the consultant completes the job?
After the consultant completes the work, s/he will submit a final report detailing the results of their work. This report details the project timeline, deliverables, as well any other pertinent information.
Next, you will review the report and determine if the consultant has met your expectations. If you are not satisfied with the consultant's report, you have the option to ask for modifications or to terminate your contract.
Statistics
- Over 50% of consultants get their first consulting client through a referral from their network. (consultingsuccess.com)
- My 10 years of experience and 6-step program have helped over 20 clients boost their sales by an average of 33% in 6 months. (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)
- 67% of consultants start their consulting businesses after quitting their jobs, while 33% start while they're still at their jobs. (consultingsuccess.com)
- According to statistics from the ONS, the UK has around 300,000 consultants, of which around 63,000 professionals work as management consultants. (consultancy.uk)
External Links
How To
How can you find the best consultants?
When searching for a consultant, the first thing you should do is ask yourself what your expectations are. Before you look for someone, you need to be clear about your expectations. Before you start looking for a consultant, make a list. This could include: professional expertise and technical skills, project management capabilities, communication skills, availability, etc. Once you have identified your requirements, you might consider asking friends and colleagues to recommend you. Ask your friends and colleagues if they have had bad experiences with consultants in the past. Compare their recommendations with yours. Do some internet research if they don't have recommendations. You can post reviews on your previous work experiences on many websites like LinkedIn, Facebook and Angie's List. Take a look at comments and ratings from others, and use that data to find potential candidates. Once you have a short list of candidates, contact them to arrange an interview. Talking through your requirements during the interview is a good idea. Ask them questions about how they can assist you in achieving those goals. It doesn’t matter if the person was recommended to you; it matters that they understand your business goals, and can show you how they can help.