It can be difficult to find the right financial advisor. Louisville, KY does not have to have one. It depends on three things: money, experience, and time. Managing finances isn't an easy job, so it makes sense to hire someone who specializes in this field. Many top advisors have spent many years studying and passing exams to become certified. These advisors might be certified by the CFP, ChFC, or other certifications that confirm their expertise.
Coats Financial Planning
Stuart Coats founded Coats Financial Planning, Inc., which is located in Louisville, Kentucky. Stuart Coats, a CFP(r), is a registered financial advisor and NAPFA certified financial planner. He has more that 30 years of financial and project management experience. He holds two degrees in mechanical engineer from the University of Michigan - Dearborn. If you're wondering if Coats is a good fit for you, read on to learn more about his background and qualifications.
Stegner Investment Associates
Stegner Investment Associates, Inc. might be the right choice for you if your search is for a fee only investment consultant in Louisville, Kentucky. Stegner Investment Associates Inc is an independent fee only investment consultant who helps clients achieve and exceed their investment goals. The clients include individuals with high net worth, retirement plans, endowments, as well as corporate organizations. Since 1994, the firm is owned by employees. They charge based on the total asset value.
This firm specializes in high-net-worth clients. Stegner Investment Associates has six financial advisors to assist individuals and companies in achieving their financial goals. They manage 702 accounts and more than $1.7 million in assets. These investment advisors specialize in concierge-style service, and have a proprietary process for choosing investment managers.
ACCESS Wealth management
ACCESS Wealth Management, Inc. is an investment advisory firm based in Louisville, Kentucky. It currently manages $227.0million of assets under management, and 728 client account. The firm is considered to be in the middle of the financial advisory industry, but they don't hold broker-dealer licenses. The majority of the client assets are managed by them in a discretionary capacity. You might consider ACCESS Wealth Management if you are looking for a financial advisor in Louisville, Kentucky.
The firm's financial advisors have a high level of expertise and many years of experience in managing client assets. They concentrate on high net wealth clients such as NASCAR champions or multi-platinum recording stars, and top executives in major corporations. One of their clients includes the CEO of the world’s largest energy brokerage company. The firm's team comprises 38 certified financial advisors, 23 certified public accounting professionals, and four chartered analysts. The firm requires that clients have at least $100,000 in investable assets to qualify for their services.
Edelman Financial Engines
The Edelman Financial Engines Advisor Center, Louisville, is a wealth-management center that serves clients from Kentucky and Indiana. Prospect is the location of the office. They offer appointments Tuesday through Thursday. Saturday appointments are also available. The advisors have extensive knowledge in various financial planning strategies. Edelman is a national leader in wealth management, and their Louisville location is well-equipped to service clients from the surrounding regions.
Edelman Financial Engines, a fee-only independent financial planning and investment advisory company with 150 offices throughout the country, is a fee-only firm. Its Louisville office provides independent advice, under fiduciary obligations, to its clients. Although the firm's primary focus is on helping corporations create retirement plans, it also provides services to individuals. For more information, visit their website. You can also contact Edelman Financial Engines for any questions.
FAQ
How do I start Wealth Management?
The first step in Wealth Management is to decide which type of service you would like. There are many Wealth Management service options available. However, most people fall into one or two of these categories.
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Investment Advisory Services: These professionals can help you decide how much and where you should invest it. They advise on asset allocation, portfolio construction, and other investment strategies.
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Financial Planning Services: This professional will work closely with you to develop a comprehensive financial plan. It will take into consideration your goals, objectives and personal circumstances. A professional may recommend certain investments depending on their knowledge and experience.
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Estate Planning Services - A lawyer who is experienced can help you to plan for your estate and protect you and your loved ones against potential problems when you pass away.
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If you hire a professional, ensure they are registered with FINRA (Financial Industry Regulatory Authority). You don't have to be comfortable working with them.
Is it worth employing a wealth management company?
A wealth management service can help you make better investments decisions. It should also help you decide which investments are most suitable for your needs. You will be armed with all the information you need in order to make an informed choice.
Before you decide to hire a wealth management company, there are several things you need to think about. For example, do you trust the person or company offering you the service? Are they able to react quickly when things go wrong Can they explain what they're doing in plain English?
What are the advantages of wealth management?
The main benefit of wealth management is that you have access to financial services at any time. Saving for your future doesn't require you to wait until retirement. It also makes sense if you want to save money for a rainy day.
To get the best out of your savings, you can invest it in different ways.
For example, you could put your money into bonds or shares to earn interest. Or you could buy property to increase your income.
If you decide to use a wealth manager, then you'll have someone else looking after your money. This will allow you to relax and not worry about your investments.
What is risk management in investment administration?
Risk management refers to the process of managing risk by evaluating possible losses and taking the appropriate steps to reduce those losses. It involves identifying, measuring, monitoring, and controlling risks.
An integral part of any investment strategy is risk management. The goal of risk management is to minimize the chance of loss and maximize investment return.
The following are key elements to risk management:
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Identifying sources of risk
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Monitoring and measuring the risk
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How to control the risk
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Manage the risk
Who Can Help Me With My Retirement Planning?
Many people consider retirement planning to be a difficult financial decision. It's more than just saving for yourself. You also have to make sure that you have enough money in your retirement fund to support your family.
You should remember, when you decide how much money to save, that there are multiple ways to calculate it depending on the stage of your life.
For example, if you're married, then you'll need to take into account any joint savings as well as provide for your own personal spending requirements. Singles may find it helpful to consider how much money you would like to spend each month on yourself and then use that figure to determine how much to save.
You could set up a regular, monthly contribution to your pension plan if you're currently employed. You might also consider investing in shares or other investments which will provide long-term growth.
Get more information by contacting a wealth management professional or financial advisor.
How to Begin Your Search for A Wealth Management Service
The following criteria should be considered when looking for a wealth manager service.
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Can demonstrate a track record of success
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Is the company based locally
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Offers complimentary consultations
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Continued support
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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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We offer 24/7 customer service
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Offers a range of products
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Low fees
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There are no hidden fees
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Doesn't require large upfront deposits
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You should have a clear plan to manage 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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Understand your goals & objectives
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Would you be open to working with me regularly?
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You can get the work done within your budget
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Good knowledge of the local markets
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We are willing to offer our advice and suggestions on how to improve your portfolio.
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Is available to assist you in setting realistic expectations
What is retirement planning?
Retirement planning is an essential part of financial planning. It helps you prepare for the future by creating a plan that allows you to live comfortably during retirement.
Retirement planning means looking at all the options that are available to you. These include saving money for retirement, investing stocks and bonds and using life insurance.
Statistics
- These rates generally reside somewhere around 1% of AUM annually, though rates usually drop as you invest more with the firm. (yahoo.com)
- If you are working with a private firm owned by an advisor, any advisory fees (generally around 1%) would go to the advisor. (nerdwallet.com)
- A recent survey of financial advisors finds the median advisory fee (up to $1 million AUM) is just around 1%.1 (investopedia.com)
- As of 2020, it is estimated that the wealth management industry had an AUM of upwards of $112 trillion globally. (investopedia.com)
External Links
How To
How to invest after you retire
When people retire, they have enough money to live comfortably without working. But how can they invest that money? It is most common to place it in savings accounts. However, there are other options. One option is to sell your house and then use the profits to purchase shares of companies that you believe will increase in price. You could also take out life insurance to leave it to your grandchildren or children.
You can make your retirement money last longer by investing in property. If you invest in property now, you could see a great return on your money later. Property prices tend to go up over time. Gold coins are another option if you worry about inflation. They don't lose value like other assets, so they're less likely to fall in value during periods of economic uncertainty.