It's crucial that you understand that how frequently your financial adviser expects to meet you.
You need your adviser to always be working together with current info and have complete understanding of your situation at any particular time. This will help in dealing with any type of financial crisis. You can choose best financial advisor in Sevenoaks and financial planners in London through internet.
It is important that you are comfortable with the information that your advisor will provide to you. It is furnished in a comprehensive and usable manner.
This will help you to understand how they work to help their clients to reach their goals. It will also allow you to see how they track and measure their results, and determine if those results are in line with clients' goals.
Also, if they can demonstrate how they help with the planning process. It will let you know that they actually do financial "planning", and not just investing.
There are only a few different ways for advisors to be compensated. The first and most common method is for an advisor to receive a commission in return for their services.
A second, newer form of compensation has advisors being paid a fee on a percentage of the client's total assets under management.
This fee is charged to the client on an annual basis and is usually somewhere between 1% and 2.5%. This is also more common on some of the stock portfolios that are discretionarily managed.