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Financial Advisors in Connecticut



financial advisor

Connecticut has many financial advisors that offer a range of services. They can help you with everything from long-term investments to retirement planning. A financial advisor should be able to understand your needs and how the local economy works. Next, evaluate your budget and the cost to live in Connecticut before you make a decision. A Connecticut financial advisor can help you reach your financial goals and live comfortably.

Fierston Financial Group

Fierston Financial Group, a Connecticut-based firm, offers investment advice and investment management services to individuals, businesses, and institutional clients. The fees they charge are usually based on AUM or fixed charges. They use Indyfin to pair clients with the best match for their investment needs.

An investment adviser may charge performance-based fees and accept fees for outperforming an indices. These fees may be unsuitable for investors who are looking for a more conservative investment strategy. Advisors who charge performance-based fees can take on greater risk than other investment products. This could adversely impact their clients in a bear market.

CenterPointe Wealth Management

CenterPointe Wealth Management can provide a wide range of financial planning and advisory services. Its financial advisors can help you achieve your life goals by designing a comprehensive financial plan and managing your investment portfolio. These services can include retirement planning, estate planning, and life-based event planning. We invite you to contact CenterPointe Wealth Management for more information.


Hammond Iles Wealth Advisors

Hammond Iles Wealth Advisors can be described as a financial advisor firm located in Wethersfield. It has approximately $89.5m of assets and serves clients from 16 states. They offer investment management and tax planning services, as well as retirement planning and estate planning. Nine financial advisors are currently employed by the company.

The firm provides services for high-networth individuals and retail investors. They currently serve over 475 and 181 clients. It charges based on how much assets they manage.

SKY Investment Group

SKY Investment Group, a Connecticut-based company that specializes in wealth administration, is located in Connecticut. The firm provides services to individuals and businesses of any size. Their fees are calculated based upon a percentage the assets they manage. The firm offers equity and fixed income strategies. Clients may benefit from discounts for accounts worth more than $4 million.

Eight financial advisors are employed by the firm to manage $763.6million in assets on behalf of 817 client accounts. It is not registered as a broker-dealer but is an independent investment advisor. Indyfin also helps it match investors with the right advisor. Indyfin offers clients the opportunity to search for financial advisors online and select the one that suits their needs.




FAQ

What Is A Financial Planner, And How Do They Help With Wealth Management?

A financial planner can help create a plan for your finances. They can look at your current situation, identify areas of weakness, and suggest ways to improve your finances.

Financial planners are professionals who can help you create a solid financial plan. They can advise you on how much you need to save each month, which investments will give you the highest returns, and whether it makes sense to borrow against your home equity.

Most financial planners receive a fee based upon the value of their advice. Some planners provide free services for clients who meet certain criteria.


How can I get started in Wealth Management?

You must first decide what type of Wealth Management service is right for you. There are many Wealth Management options, but most people fall in one of three categories.

  1. Investment Advisory Services. These professionals will assist you in determining how much money you should invest and where. They provide advice on asset allocation, portfolio creation, and other investment strategies.
  2. Financial Planning Services – This professional will help you create a financial plan that takes into account your personal goals, objectives, as well as your personal situation. They may recommend certain investments based upon their experience and expertise.
  3. 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.
  4. Ensure that the professional you are hiring is registered with FINRA. If you do not feel comfortable working together, find someone who does.


How to Choose An Investment Advisor

The process of selecting an investment advisor is the same as choosing a financial planner. There are two main factors you need to think about: experience and fees.

This refers to the experience of the advisor over the years.

Fees refer to the costs of the service. These fees should be compared with the potential returns.

It's important to find an advisor who understands your situation and offers a package that suits you.


What Are Some Of The Benefits Of Having A Financial Planner?

Having a financial plan means you have a road map to follow. You won’t be left guessing about what’s next.

It will give you peace of heart knowing you have a plan that can be used in the event of an unexpected circumstance.

Your financial plan will also help you manage your debt better. You will be able to understand your debts and determine how much you can afford.

A financial plan can also protect your assets against being taken.


What is retirement planning?

Retirement planning is an essential part of financial planning. You can plan your retirement to ensure that you have a comfortable retirement.

Retirement planning includes looking at various options such as saving money for retirement and investing in stocks or bonds. You can also use life insurance to help you plan and take advantage of tax-advantaged account.


Who can I turn to for help in my retirement planning?

Retirement planning can be a huge financial problem for many. Not only should you save money, but it's also important to ensure that your family has enough funds throughout your lifetime.

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.

If you are married, you will need to account for any joint savings and also provide for your personal spending needs. If you're single, then you may want to think about how much you'd like to spend on yourself each month and use this figure to calculate how much you should put aside.

You could set up a regular, monthly contribution to your pension plan if you're currently employed. Consider investing in shares and other investments that will give you long-term growth.

Get more information by contacting a wealth management professional or financial advisor.



Statistics

  • According to Indeed, the average salary for a wealth manager in the United States in 2022 was $79,395.6 (investopedia.com)
  • Newer, fully-automated Roboadvisor platforms intended as wealth management tools for ordinary individuals often charge far less than 1% per year of AUM and come with low minimum account balances to get started. (investopedia.com)
  • These rates generally reside somewhere around 1% of AUM annually, though rates usually drop as you invest more with the firm. (yahoo.com)
  • As previously mentioned, according to a 2017 study, stocks were found to be a highly successful investment, with the rate of return averaging around seven percent. (fortunebuilders.com)



External Links

businessinsider.com


adviserinfo.sec.gov


forbes.com


pewresearch.org




How To

How to save on your salary

Saving money from your salary means working hard to save money. These steps are essential if you wish to save money on salary

  1. You should start working earlier.
  2. Reduce unnecessary expenses.
  3. You should use online shopping sites like Amazon, Flipkart, etc.
  4. You should do your homework at night.
  5. You should take care of your health.
  6. You should try to increase your income.
  7. Live a frugal existence.
  8. It is important to learn new things.
  9. It is important to share your knowledge.
  10. You should read books regularly.
  11. It is important to make friends with wealthy people.
  12. It is important to save money each month.
  13. It is important to save money for rainy-days.
  14. It is important to plan for the future.
  15. You shouldn't waste time.
  16. You must think positively.
  17. Negative thoughts should be avoided.
  18. God and religion should always be your first priority
  19. You should maintain good relationships with people.
  20. You should have fun with your hobbies.
  21. It is important to be self-reliant.
  22. You should spend less than what you earn.
  23. It's important to be busy.
  24. Patient is the best thing.
  25. Always remember that eventually everything will end. So, it's better to be prepared.
  26. You should never borrow money from banks.
  27. Try to solve problems before they appear.
  28. Get more education.
  29. You should manage your finances wisely.
  30. Everyone should be honest.




 



Financial Advisors in Connecticut