May we offer some fundamental advice from a few old hands.
The first step is having a financial plan prepared which will define your goals and determine your risk tolerance. Visit with a Certified Financial Planner® to prepare your plan so that goals and tolerance are defined and a plan for success is established.
Don't fall for the elaborate bells and whistles that the Financial industry will throw your way. By-pass the middleman by selecting no-load mutual funds or exchange traded funds and shield yourself from the commission, trading cost and tax liability associated with actively managed accounts.
Such an advisor is trained in planning and has a fiduciary responsibility to you and your family.
Commissions, management fees and tax efficiency should be clearly disclosed.
Fee only planners’ fee structure should fall between 1/2 to 1% annually for asset management.
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Clark Financial Advisors is a fee-only financial planning firm that is designed to be your advocate in the confusing world of personal finance. We welcome the fiduciary responsibility that is legally required of us, as it aligns with our goal to always place your interests first.