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The per-hour fee structure is often used by financial advisors offering advice on estate planning; debtmanagement; tax strategies; and Social Security claiming strategies. Many financial planners will do a portfolio review and provide investment advice for an hourly fee as well.
Financial advisors work with different kinds of organizations, and these include –. Wealth Management Firms. DebtManagement Firms. The primary role of a financial advisor is to help clients with their financial goals based on their unique requirements and challenges. Banks & NBFCs. Brokerage Firms.
While there are various types of finance professionals who offer financialadvice and services falling under the general financial advisor category, it should be noted that they differ significantly. Checking an advisor’s certifications and credentials is essential, especially when hiring them to manage your finances.
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