The importance of high-quality financial advice and why it must cost money

Quality financial advice is crucial to achieving your financial goals and maintaining a financial balance. But why does good financial advice cost money and is it really worth the investment? Well, a trusted financial advisor can help consumers develop a sound investment strategy and make the right decisions to protect and grow their wealth.

By opting for quality financial advice, consumers can benefit from the expertise and experience of professionals. Experts can help manage finances more efficiently, minimize risks and maximize opportunities. Whether savers are looking to build long-term wealth or prepare for retirement, good advice can make the difference between success and failure.

In addition, quality financial advice can also help to clearly define financial goals and develop a customized plan for those specific goals. This can help to focus on the essentials and avoid unnecessary financial burdens. The costs of the investment are quickly offset by financial (additional) success.

Why is high-quality financial advice important?

* Experience and expertise: A qualified financial advisor has the knowledge and experience to help investors develop a sound strategy and navigate complex financial challenges.
* Risk management: A financial advisor can help identify potential risks and minimize those risks. This can help to better protect assets and avoid losses.
* Maximize opportunities: Professionally enhancing returns is a very significant benefit of quality financial advice. According to various studies, consumers can achieve a higher return than they would with a DIY approach, for example with a "slipper portfolio". As a result, investors "accompanied" by a financial expert generally have higher assets than "unaccompanied" investors.
* Saving time: Saving important life time by delegating to a professional is an additional important factor.

Costs of high-quality financial advice

The answer to the question: "What does financial advice cost?" can vary depending on the provider and type of service. The phrase "What costs nothing is worth nothing", loosely based on Albert Einstein, is probably familiar to everyone. "This is also true when it comes to advice on money and finance, because supposedly free advice on a commission basis can be very expensive for consumers," says André Perko, CEO of Frankfurt-based financial consultancy FINANCEDOOR GmbH. "Transparent remuneration in return for a fee, which is based exclusively on the interests of the investor, is better", André Perko continues. Free advice from banks and insurance companies is not always based on the interests of the investor and often resorts to expensive products. A fee-based advisor does not have the conflicting goals of product and earnings and generally resorts to cost-free products. Common cost models are

* Commissions from investment companies or insurance companies for the sale of certain products.
* Fees: For example, fees on an hourly basis or a flat rate for a defined service.
* Asset management fees: An annual fee based on a percentage of assets under management.

How to find a qualified financial advisor?

Choosing a qualified financial advisor requires careful consideration and research. Regardless of whether the financial advice is to be provided online or on-site, it is important to check the advisor's qualifications and certifications. What experience and expertise does the financial advisor have? It also makes sense to check how long they have been working in the sector and what type of clients they serve. Are there references for the work and what are the costs? It should be possible to clarify the costs and fees of the financial service in advance in an understandable and transparent manner.

FINANCEDOOR GmbH
Kiesstr. 38
60486 Frankfurt am Main
Germany

https://www.financedoor.de

FINANCEDOOR GmbH
Herr André Perko
06977039967

mail@financedoor.de

FINANCEDOOR GmbH from Frankfurt am Main offers financial advice for private households under the leadership of CEO André Perko. As an independent financial advisor, the portfolio ranges from pensions and insurance to professional investments. The financial planning and financial advice also includes private construction financing and retirement planning.

In the spirit of consumer protection, CEO André Perko sees himself as a partner at his clients' side. Financial brokerage and advice is provided independently, i.e. without any ties to specific banks or insurance companies: the company is registered as a fee-based financial investment advisor under §34 h GewO.

With over 23 years of experience in private financial advice, the company prepares financial reports and insurance checks. Customers appreciate this service. FINANCEDOOR GmbH can look back on over 1000 positive customer reviews from the past 23 years. A success based on many years of experience and expertise in financial advice.

This release was published on openPR.