Financial advisors in Connecticut offer a variety of services, from long-term investing to retirement planning. Choose a financial advisor that is familiar with your individual priorities and the state's economy. Then, consider your budget and the cost of living in the state before making a final choice. A Connecticut financial advisor can help you reach your financial goals and live comfortably.
Fierston Financial Group
Fierston Financial Group is a Connecticut-based company that offers investment advice and management services to individuals, companies, and institutions. The fees they charge are usually based on AUM or fixed charges. Indyfin helps them match clients with the best investment matches.
Investment advisors may charge fees for outperforming a particular index or performance-based charges. These fees may be unsuitable for investors who are looking for a more conservative investment strategy. Advisors who charge performance based fees are more likely to take on risk than other types, which can adversely affect clients in bear markets.
CenterPointe Wealth Management
CenterPointe Wealth Management provides a range of financial planning services. Your financial advisors will work with you to create a customized financial plan and manage your investment portfolio. These services include estate planning, retirement planning, and planning for life-based events. Contact CenterPointe Wealth Management today to learn more about their services.
Hammond Iles Wealth Advisors
Hammond Iles Wealth Advisors is a financial advisory firm located in Wethersfield, Connecticut. The firm manages approximately $89.5 million in assets and serves clients in 16 states. They offer investment management and tax planning services, as well as retirement planning and estate planning. The company currently has 9 financial advisors.
The firm offers services to high-net-worth individuals and retail investors. The firm currently has over 4100 and 181 client accounts. The fees are based on the amount that the firm manages.
SKY Investment Group
SKY Investment Group is a Connecticut-based firm that specializes in wealth management. The firm offers services to both individuals and small businesses. Their fees are based on a percentage of the assets that they manage. Fixed income strategies and equity strategies are offered by the firm. Customers who have accounts that exceed $4 million may be eligible for discounts
The firm has eight financial advisors who manage $763.6 million in assets for 817 client accounts. Although it is not a registered broker/dealer, the firm is an independent advisor in investing. Indyfin allows it to match investors and the right financial adviser. Indyfin's online platform lets clients review and compare financial advisors to find the best one for them.
FAQ
Who Can Help Me With My Retirement Planning?
Many people find retirement planning a daunting financial task. Not only should you save money, but it's also important to ensure that your family has enough funds throughout your lifetime.
When deciding how much you want to save, the most important thing to remember is that there are many ways to calculate this amount depending on your life stage.
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. If you are single, you may need to decide how much time you want to spend on your own each month. This figure can then be used to calculate how much should you save.
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.
You can learn more about these options by contacting a financial advisor or a wealth manager.
How much do I have to pay for Retirement Planning
No. All of these services are free. We offer free consultations so we can show your what's possible. Then you can decide if our services are for you.
How to Start Your Search for a Wealth Management Service
Look for the following criteria when searching for a wealth-management service:
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A proven track record
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Is the company based locally
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Offers free initial consultations
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Continued support
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Is there a clear fee structure
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A good reputation
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It is simple to contact
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Support available 24/7
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Offers a wide range of products
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Charges low fees
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Does not charge hidden fees
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Doesn't require large upfront deposits
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Make sure you have a clear plan in place for your finances
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Is transparent in how you manage your money
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This makes it easy to ask questions
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You have a deep understanding of your current situation
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Understanding your goals and objectives
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Is available to work with your regularly
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Works within your financial budget
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Does a thorough understanding of local markets
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Is willing to provide advice on how to make changes to your portfolio
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Will you be able to set realistic expectations
Statistics
- As of 2020, it is estimated that the wealth management industry had an AUM of upwards of $112 trillion globally. (investopedia.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)
- US resident who opens a new IBKR Pro individual or joint account receives a 0.25% rate reduction on margin loans. (nerdwallet.com)
- These rates generally reside somewhere around 1% of AUM annually, though rates usually drop as you invest more with the firm. (yahoo.com)
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How To
How to invest your savings to make money
You can get returns on your capital by investing in stock markets, mutual funds, bonds or real estate. This is known as investing. It is important to understand that investing does not guarantee a profit but rather increases the chances of earning profits. There are many options for how to invest your savings. Some of them include buying stocks, Mutual Funds, Gold, Commodities, Real Estate, Bonds, Stocks, and ETFs (Exchange Traded Funds). These methods will be discussed below.
Stock Market
The stock market allows you to buy shares from companies whose products and/or services you would not otherwise purchase. This is one of most popular ways to save money. Buying stocks also offers diversification which helps protect against financial loss. You can, for instance, sell shares in an oil company to buy shares in one that makes other products.
Mutual Fund
A mutual fund refers to a group of individuals or institutions that invest in securities. They are professionally managed pools with equity, debt or hybrid securities. A mutual fund's investment objectives are often determined by the board of directors.
Gold
Gold is a valuable asset that can hold its value over time. It is also considered a safe haven for economic uncertainty. Some countries also use it as a currency. Gold prices have seen a significant rise in recent years due to investor demand for inflation protection. The price of gold tends to rise and fall based on supply and demand fundamentals.
Real Estate
Real estate can be defined as land or buildings. You own all rights and property when you purchase real estate. To generate additional income, you may rent out a part of your house. You could use your home as collateral in a loan application. The home can also be used as collateral for loans. Before buying any type property, it is important to consider the following things: location, condition and age.
Commodity
Commodities can be described as raw materials such as metals, grains and agricultural products. As these items increase in value, so make commodity-related investments. Investors who wish to take advantage of this trend must learn to analyze graphs and charts, identify trends and determine the best entry point to their portfolios.
Bonds
BONDS ARE LOANS between companies and governments. A bond can be described as a loan where one or both of the parties agrees to repay the principal at a particular date in return for interest payments. When interest rates drop, bond prices rise and vice versa. A bond is bought by an investor to earn interest and wait for the borrower's repayment of the principal.
Stocks
STOCKS INVOLVE SHARES in a corporation. Shares represent a fractional portion of ownership in a business. You are a shareholder if you own 100 shares in XYZ Corp. and have the right to vote on any matters affecting the company. You also receive dividends when the company earns profits. Dividends refer to cash distributions made to shareholders.
ETFs
An Exchange Traded Fund (ETF), is a security which tracks an index of stocks or bonds, currencies, commodities or other asset classes. ETFs trade just like stocks on public stock exchanges, which is a departure from traditional mutual funds. The iShares Core S&P 500 (NYSEARCA - SPY) ETF is designed to track performance of Standard & Poor’s 500 Index. Your portfolio will automatically reflect the performance S&P 500 if SPY shares are purchased.
Venture Capital
Venture capital is private funding that venture capitalists provide to entrepreneurs in order to help them start new companies. Venture capitalists finance startups with low to no revenue and high risks of failure. Usually, they invest in early-stage companies, such as those just starting out.