This is the place to go if you're searching for an Indianapolis financial planner. Castle Investment Advisors, an SEC-registered company, specializes in managing personal assets and retirement funds. 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 you make the transition from retirement to selling your business.
Fiduciary financial planners put clients' interest before their own
Fiduciary financial advisors are financial advisors who put the best interests of clients first. Fiduciaries follow strict legal guidelines. The companies they recommend do not pay them any compensation. This allows them to offer impartial advice that is free from conflict of interest.
Your financial advisor is a fiduciary financial adviser and will invest your money with great care. Your interests are their primary goal. They will never make any recommendation without your permission. A fiduciary advisor will help you identify the best investments, balance your portfolio, and provide assurance.
Senior financial advisors
A senior financial advisor is a person who can help seniors to manage their money and stop them falling for fraud. The right advisor will be able to help you meet your loved ones' financial goals. The goals of a senior who is looking to increase retirement savings are often different than those who are more concerned with carefully managing their existing nest egg.
There are several Indianapolis companies that offer senior financial advisor services. CFG Wealth Management Services, for example, is one such company. The Indianapolis firm offers educational services, investment management, and retirement planning to its clients. The team includes professionals with over 30 years' experience in asset planning and retirement planning. Each advisor is a certified Financial Planner.
Advisors that charge a fee
A fee-only financial advisor in Indianapolis can be an excellent choice for your financial planning needs. These advisors can help with retirement income planning, tax planning, investment management, and tax planning. They are independent fiduciaries who earn their income directly from their clients. This eliminates any conflicts of interest that might arise from commission-based arrangements.
Fee-only Indianapolis financial advisors are charged based on the fiduciary. The fees charged by these advisors range from a $1,000-$2,000 one-time fee to an hourly rate of $200-5500. Additionally, you may have to pay a $100-$1000 per month retainer fee to continue asset management. A few advisors also charge commissions from specific products or a percentage for the entire portfolio.
Costs of working with an advisor financial advisor
The cost of working with a financial advisor in Indianapolis is a matter of personal choice and can vary greatly. But there are some things that you should remember when choosing an advisor. First, make sure you ask if the adviser is charged a fee. This will make sure that you get advice that is in your best possible interests. A fee-only financial advisor will not push unnecessary products onto you.
Next, think about whether your advisor is a Fiduciary. This means, they are legally obligated to serve their clients best interests. A fiduciary is an independent advisor who is paid only for recommending products which are in your best interests.
FAQ
How do I start an LLC consultancy business?
You must first figure out what you want to do as a service provider. Then, make sure that you are qualified for these services. It may be a good idea to seek out someone who offers the services you need and observe their work.
Once you've identified the product or service you wish to offer, it is time to determine your target market. If you don't have enough, you might need to create them.
You then have to decide whether or not you want to open your own company, or hire other people to do it.
Another option is to get a state license. This requires a lot of paperwork and legal fees.
Why hire consultants?
There are many reasons to hire consultants.
-
Perhaps your company has a specific problem or project you need to address
-
You want to improve your own skills or learn something new
-
You want to work closely with experts in a certain field
-
You have no other choice but to do the job.
-
It's overwhelming to see all the information, and you don't know how to get started.
-
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 if anyone knows any reputable consultants. Ask someone you already know to recommend a consultant.
Use the "Search People" function to search for consultants in your region if you are interested in using online directories like LinkedIn.
What skills are required for consulting?
As a consultant, you should have both strong interpersonal skills and analytical skills. This is important because you are working on projects where you may not know exactly what you are doing. You must learn how to manage people and solve problems quickly.
You also need to have excellent communication skills. Most clients expect an answer within 24 hours. If they don’t hear from you within 24 hours, they assume you don’t care. It is important to keep them updated and make sure they fully understand the situation.
Statistics
- 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 IBISWorld, revenues in the consulting industry will exceed $261 billion in 2020. (nerdwallet.com)
- Over 50% of consultants get their first consulting client through a referral from their network. (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)
- 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)
External Links
How To
How do I start a consultancy company?
It's a great way for you to make money online by starting a consulting company. You don’t need to have business experience or invest capital. You can start your own consulting firm by building a website. Once you've built a website, you'll want to use social media platforms such as Facebook, Twitter, LinkedIn, Instagram, Pinterest, YouTube, etc... to get the word out about your services.
You can create a marketing strategy that includes these things with these tools
-
Content creation (blogs).
-
Building relationships (contacts).
-
Generating leads (lead generation forms)
-
Selling products on e-Commerce websites
After you have developed your marketing strategy, it's time to find clients willing to pay for your services. Some people prefer to go through networking groups and events, while others prefer to use online methods such as Craigslist, Kijiji, etc. You have the freedom to choose.
Once you have secured new clients, you will need to discuss terms with them and their payment options. This could include flat fee contracts, hourly fees or retainer agreements. You need to be clear about what you expect of a client before they accept you as a client.
An hourly agreement is the most common contract for a consulting service. This contract allows you to pay a fixed amount each week or month for certain services. You may be eligible to negotiate a discount, depending on the service that you offer. Before you sign a contract, ensure you understand everything.
Next, create invoices. Send them to your clients. Invoicing is one thing that looks simple until it's actually done. There are many different ways to invoice your clients, depending on your preferences. For instance, some prefer their invoices to be emailed directly to clients while others prefer hard copies to be mailed. Whatever your preferred method, make sure it works well for you.
Once you have created invoices, it is time to collect the payments. PayPal is preferred by most because it is easy-to-use and offers multiple payment options. You can also use Square Cash, Square Cash (Google Wallet), Square Cash, Square Cash, Apple Pay and Venmo as payment processors.
Once you're ready for collecting payments you'll need to set up bank account. Separate savings and checking accounts will allow you to track your income and expenses independently. You can also set up automatic bank transfers to pay bills.
It may seem overwhelming to start a consultancy, but once it is done correctly, it becomes second-nature. You can read our blog post to learn more about how to start a consultancy business.
A consulting business is a great way of making extra money without worrying about your employees. Consultants can work remotely so they don't have the hassle of dealing with office politics and long working hours. Because you don't have to work a set number of hours per week, you can be more flexible than a traditional employee.