Creative Money LLC is a Seattle-based professional financial planning firm. Their team is composed of highly-trained professionals who are dedicated to helping their clients achieve financial independence. Mindy Crary is the founder of the company. She has a master's degree in business administration and over 20 years experience in the financial sector. She also holds professional certifications in coaching.
Advice only financial advisors
Only financial advisors that offer advice in Seattle are able to provide financial planning. They provide advice on portfolio investments and offer suggestions, but do not push clients to make specific investments. They do provide valuable information about investment options, however. But many clients still have reservations about the services of these financial advisors.
It is a great idea to hire a financial advisor in order to develop a long-term investment plan. A financial advisor can help you create an investment portfolio that will help reach your financial goals. A local financial advisor can help you understand the Seattle region's economy, including its costs and employers.
Fee-based financial advisers
There are two types Seattle financial advisors: fee-based and fee only. A fee-only advisor is compensated only through fees from their clients. This is contrary to a fee based financial advisor, which receives commissions and incentives from the financial products companies. The result is an inherent conflict. A fee-only financial adviser is also required by law to act in the best interests their clients.
A fee-based financial advisor will charge a fee that varies from client to client. Although fees can vary between $600,000,00 and $1 million depending on the client's networth, they are usually charged at a flat rate. Many fee-based advisors in Seattle can help you manage your wealth. The fee-based advisors are able to help with many other areas, including portfolio management and estate planning.
Wealth management firms
Seattle wealth management firms provide a range services including financial planning, investment management, and other financial services. They work with high-net-worth individuals, businesses, and pension and profit-sharing plans to achieve their financial goals. They can help you find the right combination of financial and investment management strategies for your financial situation.
Some of the top wealth management firms in the Seattle area include Miller Advisors, an independent fee-only wealth management firm. The firm offers comprehensive services, including investment management, retirement planning and estate planning. The firm includes a group of estate planners, attorneys and certified financial planners. The combined experience of the team is 50 years. They have extensive experience helping families to manage their finances.
Cost of working with a financial advisor
Financial advisors charge different fees depending on whether they charge an hourly rate or a fixed fee. Some charge an annual fee of one percent of the AUM, while others charge by the hour. The fee for asset management varies from around $230 an hour to as much as $7,500.
Before you hire an advisor, it is important to understand the fees they charge. Some advisors charge an hourly rate for certain services, which you may not need. A few advisors may charge a one time fee to answer limited questions. A good financial advisor will seek to develop a long-term relationship.
FAQ
How long does a consultant take?
The length of time required varies depending on your background and industry. People start work with a few weeks before they find employment.
However, some consultants spend several years honing their skills before finding work.
Do I need legal advice?
Yes! Yes. Many consultants sign contracts without seeking legal advice. However, this can lead to problems down the road. If the client terminates an agreement with the consultant before the completion date, what are the consequences? Or, what happens if the consultant doesn't meet the deadlines set forth in the contract?
It's best to consult with a lawyer to avoid potential problems.
What skills are necessary for consulting?
A consultant should have strong analytical skills as well as interpersonal skills. This is crucial because you might not be able to understand what you are doing when you work on complex projects. You will need to learn how you manage people and solve problems quickly.
You also need to have excellent communication skills. Most clients expect to hear back within 24 hours. If they don’t hear back, they assume that you aren’t interested. It is vital to inform them and make sure that they are fully informed.
Can consulting be considered a real job?
Consulting is more than a job that allows you to quickly make money.
There are many options for consulting. These include project management, business strategy, strategy, leadership, and training. There are many projects you could be involved in, from small start-ups all the way up to large-scale multinational corporations.
Consulting offers you the chance to improve and sharpen your skills as well as gain valuable experience across a range industries. This could involve learning to manage and negotiate teams, write proposals or manage budgets.
What is the average salary of a consultant?
Some consultants earn more than $100k per year, but most consultants earn between $25 and $50k. The average salary for a consultant is $39,000. This includes hourly as well as salaried consultants.
Salary is dependent on experience, location and industry. It also depends on whether the consultant works from home or has a remote office.
How do I choose a consultant?
Three main factors should be considered:
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Experience - How experienced is the consultant? Are they a beginner, intermediate, expert, or some other level? Does her resume show that she has the necessary skills and knowledge?
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Education - What did this person learn during school? Did he/she study any relevant courses after graduating from high school? Can we see evidence of that learning in the way s/he writes?
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Personality - How do we feel about this person? Would we prefer him/her working for us?
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These questions can help you determine whether the consultant is right for your needs. If you don't have clear answers, it may be worth meeting with the candidate for an interview.
Who hires consultants
Many businesses hire consultants to assist them with their projects. These can include small businesses and large corporations, government agencies as well non-profits and educational institutions.
Some consultants work directly for these organisations, while others freelance. In both cases, the process for hiring depends on how complex and large the project is.
There will be many rounds of interviews for consultants when you are looking to hire. Only then can you select the right person to fill the position.
Statistics
- According to statistics from the ONS, the UK has around 300,000 consultants, of which around 63,000 professionals work as management consultants. (consultancy.uk)
- So, if you help your clients increase their sales by 33%, then use a word like “revolution” instead of “increase.” (consultingsuccess.com)
- Over 62% of consultants were dissatisfied with their former jobs before starting their consulting business. (consultingsuccess.com)
- 67% of consultants start their consulting businesses after quitting their jobs, while 33% start while they're still at their jobs. (consultingsuccess.com)
- My 10 years of experience and 6-step program have helped over 20 clients boost their sales by an average of 33% in 6 months. (consultingsuccess.com)
External Links
How To
What does a typical day look like for a consultant?
Each type of work will dictate the day's pace. But generally speaking, you will spend time researching and planning new ideas, meeting clients, and preparing reports.
Clients will often meet with you to discuss their problems. These meetings can take place over the phone, via email, online, or face to face.
Also, proposals are documents that outline your ideas or plans for clients. You'll need to discuss your proposals with a mentor, colleague, or friend before you present them.
After all the preparation, you'll need to start creating content. Writing articles, designing websites, editing photos or conducting interviews are just some of the options.
You may need to conduct research depending on the scope of your project to find relevant statistics and figures. For example, you may need to find out how many customers you have and whether they are buying more than one product or service.
Once you have collected enough information, it's now time to present the findings to your clients. Your findings can be presented orally or written.
After your initial consultation with clients, you need to keep in touch. You might contact them regularly to check on their progress or send them emails to confirm they have received your proposal.
This is a long process that can take some time. However, it is crucial to stay focused and to maintain good relationships.