Finding the right financial planner is difficult. Louisville, KY does have financial advisors. Hiring a financial advisor depends on three factors: time, money, and experience. It is difficult to manage finances. So it makes sense that you hire someone who is an expert in this field. Numerous top advisors have spent a lot of time studying and passing exams to get certified. These advisors might have certifications like the CFP and ChFC that validate their knowledge.
Coats Financial Planning
Stuart Coats, founder of Coats Financial Planning, Inc., is located in Louisville, Kentucky. Stuart Coats is a certified financial planner (CFP(r),) and NAPFA-registered advisor. He has more then 30 years' experience in finance, project management and other areas. He holds two mechanical engineering degrees from the University of Michigan. To find out more about Coats and his qualifications, click here.
Stegner Investment Associates
Stegner Investment Associates, Inc. is a free fee-only consultant that can help you in Louisville, Kentucky. Stegner Investment Associates Inc is an independent fee only investment consultant who helps clients achieve and exceed their investment goals. Individuals, retirement plans and endowments as well corporate clients are some of the clients. Since 1994, this employee-owned firm has served clients. Their fees are determined by the total value and assets under management.
This firm specializes in high-net-worth clients. With a small staff of six financial advisors, Stegner Investment Associates helps individuals and organizations achieve their financial goals. They currently manage assets of more than $1.7Billion for 702 clients. These advisors offer concierge-style service and have a unique process for selecting investment managers.
ACCESS Wealth management
ACCESS Wealth Management, Inc., an investment advisory firm, is based out of Louisville, Kentucky. The firm currently has approximately $227.0million in assets under management and 728 clients accounts. Although the firm is considered mid-tier among financial advisory firms, they do have no broker-dealer licenses. The majority of the client assets are managed by them in a discretionary capacity. This review is for those who are interested in ACCESS Wealth Management as their financial advisors in Louisville.
These financial advisors have years of experience managing client assets and are highly qualified. They are focused on high net-worth clients such as NASCAR champions and multi-platinum recording artist, as well top executives of major companies. One of their clients is the CEO of the world's largest energy brokerage firm. The team includes 38 certified financial planners and 23 certified public accountants. Four chartered financial analysts are also part of the group. For clients to be eligible, they must have at minimum $100,000 in investable assets.
Edelman Financial Engines
The Edelman Financial Engines Advisor Center Louisville serves clients in Kentucky as well as Indiana. Prospect is home to the office, which offers appointments Tuesday evenings and Thursday nights. Saturday appointments are available. Advisors are familiar with a wide range of financial planning strategies. Edelman is one the most respected wealth management firms in America. Their Louisville office is well-equipped and ready to serve clients in surrounding areas.
Edelman Financial Engines provides independent, fee only financial planning and investment advice services through 150 offices all over the country. Its Louisville office offers clients impartial advice in compliance with a fiduciary obligation. It offers both individual and corporate services, as well as helping clients design retirement plans. Visit their website to find out more. And be sure to contact an Edelman Financial Engines financial advisor if you have questions.
FAQ
How to Start Your Search for a Wealth Management Service
When searching for a wealth management service, look for one that meets the following criteria:
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Proven track record
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Is the company based locally
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Offers complimentary consultations
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Supports you on an ongoing basis
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There is a clear pricing structure
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Has a good reputation
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It is easy and simple to contact
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Customer care available 24 hours a day
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A variety of products are available
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Low fees
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Does not charge hidden fees
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Doesn't require large upfront deposits
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Make sure you have a clear plan in place for your finances
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Is transparent in how you manage your money
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It makes it simple to ask questions
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Have a good understanding of your current situation
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Understanding your goals and objectives
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Is open to regular collaboration
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Work within your budget
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Have a solid understanding of the local marketplace
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You are available to receive advice regarding how to change your portfolio
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Will you be able to set realistic expectations
What is risk-management in investment management?
Risk Management refers to managing risks by assessing potential losses and taking appropriate measures to minimize those losses. It involves monitoring and controlling risk.
Risk management is an integral part of any investment strategy. The goal of risk-management is to minimize the possibility of loss and maximize the return on investment.
These are the core elements of risk management
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Identifying sources of risk
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Monitoring the risk and measuring it
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Controlling the risk
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How to manage risk
What Are Some Benefits to Having a Financial Planner?
A financial plan is a way to know what your next steps are. You won't have to guess what's coming next.
This gives you the peace of mind that you have a plan for dealing with any unexpected circumstances.
You can also manage your debt more effectively by creating a financial plan. You will be able to understand your debts and determine how much you can afford.
Your financial plan will also help protect your assets from being taken away.
How can I get started in Wealth Management?
It is important to choose the type of Wealth Management service that you desire before you can get started. There are many Wealth Management services available, but most people fall under one of the following three categories.
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Investment Advisory Services. These professionals will assist you in determining how much money you should invest and where. They also provide investment advice, including portfolio construction and asset allocation.
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Financial Planning Services - This professional will work with you to create a comprehensive financial plan that considers your goals, objectives, and personal situation. Based on their expertise and experience, they may recommend investments.
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Estate Planning Services- An experienced lawyer will help you determine the best way for you and your loved to avoid potential problems after your death.
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Ensure that a professional you hire is registered with FINRA. Find someone who is comfortable working alongside them if you don't feel like it.
Is it worth hiring a wealth manager
Wealth management services should assist you in making better financial decisions about how to invest your money. You can also get recommendations on the best types of investments. This way you will have all the information necessary to make an informed decision.
But there are many things you should consider before using a wealth manager. Is the person you are considering using trustworthy? If things go wrong, will they be able and quick to correct them? Can they communicate clearly what they're doing?
Statistics
- As previously mentioned, according to a 2017 study, stocks were found to be a highly successful investment, with the rate of return averaging around seven percent. (fortunebuilders.com)
- Newer, fully-automated Roboadvisor platforms intended as wealth management tools for ordinary individuals often charge far less than 1% per year of AUM and come with low minimum account balances to get started. (investopedia.com)
- A recent survey of financial advisors finds the median advisory fee (up to $1 million AUM) is just around 1%.1 (investopedia.com)
- US resident who opens a new IBKR Pro individual or joint account receives a 0.25% rate reduction on margin loans. (nerdwallet.com)
External Links
How To
How to save on your salary
Saving money from your salary means working hard to save money. If you want to save money from your salary, then you must follow these steps :
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You should get started earlier.
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You should cut back on unnecessary costs.
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You should use online shopping sites like Amazon, Flipkart, etc.
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Do your homework in the evening.
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You should take care of your health.
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You should try to increase your income.
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It is important to live a simple lifestyle.
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You should learn new things.
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Sharing your knowledge is a good idea.
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You should read books regularly.
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Make friends with people who are wealthy.
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Every month you should save money.
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For rainy days, you should have money saved.
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It's important to plan for your future.
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You should not waste time.
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You should think positive thoughts.
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Negative thoughts should be avoided.
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God and religion should be given priority
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Maintaining good relationships with others is important.
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Your hobbies should be enjoyed.
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Be self-reliant.
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Spend less than what your earn.
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You should keep yourself busy.
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You should be patient.
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Always remember that eventually everything will end. It's better to be prepared.
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You shouldn't borrow money at banks.
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Always try to solve problems before they happen.
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It is important to continue your education.
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It is important to manage your finances well.
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It is important to be open with others.