Do you want to hire trustworthy financial advisors in Fenton? There are a lot of people in Kansas searching for “best wealth advisors near me” on Google.
It is an important decision to hire a financial advisor for managing your wealth and investments. You are trusting an individual or a firm with your assets. That is why you’d never want to go wrong with investing and protecting your money for wealth accumulation or retirement.
But how can you make sure that your money is going in the right hands? It can be done by knowing the fee structure of financial advisors and then developing an understanding that how it is going to affect your retirement plan or savings in the long run.
Why Do You Need Financial Advice?
There are so many different options out there to invest your money. Whether you are making a career transition or want to start your own business, you always need to have a smart strategy to follow.
In order to choose the right path, a lot of people like to have the advice of Fenton financial planners so that they can navigate smoothly through sudden life changes i.e. marriage, divorce, death, the birth of a child, starting a new business, or switching a career.
Besides that, when you are selling a business, you often need a new approach to looking at things. For this purpose, an expert financial planner and business broker can help you identify your strengths and weaknesses so that you can reach the next level of success.
Your long-term financial strength depends on the political climate, the state of the economy, and most importantly how actively your financial planner prepares for the ups and downs of the market.
How Can You Accomplish Financial Planning
You can accomplish financial planning in several different ways. Some of them are:
1. Signing up with an online do-it-yourself investment company
An online do-it-yourself firm lets you do everything without human advice. It usually holds a lower price or cost to invest. This is because there is no other human being involved in doing research or making transactions in the investment.
2. Hiring a financial advisor
Just like hiring a Fenton CPA, when you hire your own financial planner or wealth manager, it comes at higher costs but with lucrative results.
According to analysts, you can expect 2% to 4% higher results when you actively involve a financial planner as compared to handling it all alone.
Payment Structures of Fenton Financial Advisors
No doubt, the option of hiring a financial planner to generate greater returns is expensive. That’s why you must first analyze if this option is beneficial for you or not.
For this purpose, you need to develop a crucial understanding of how Fenton financial advisors make money. In this way, you’ll better be able to analyze how they help you make money.
The most commonly used payment structures when hiring financial advisors in Fenton are:
- Hourly: The investor is charged for time use on his behalf, regardless of assets.
- Retainer: A scheduled fee (usually monthly or annual) makes the Financial Advisor available, on-call for the advisory services the retainer covers.
- Flat fees: A set price for financial planning and asset management services. The fees have nothing to do with the amount of the investor’s account, big or small. It’s like ordering off a menu of services.
- Commission: The financial advisor receives a percentage of the money spent buying high-performing investments, usually charged per transaction.
- Asset management: The investor is charged a fee based on how much money is invested and fees usually are paid directly from the investor’s account.
Which Payment Structure is Best?
Be aware that choosing the wrong fee structure can create a conflict of interest.
For example, if a financial advisor is charging an hourly fee and is less interested in helping you make more money, that person is likely to spend time on another account. They make more money the more investments and assets grow in an Asset Management account.
Similarly, financial advisors in Fenton can make unnecessary transactions if they get a flat fee per transaction.
In our opinion, choosing the commission-based fee structure can encourage more productive results. In this structure, a financial advisor takes a portion of the growth of the investment.
How to Choose the Right Financial Advisor in Fenton
Do you want to be sure that the financial advisors in Fenton are not pushing you to make investments that go in their interests more than yours?
The best way to do so is to ask the financial planner, “Do you have a fiduciary responsibility to my investments?”
If the financial planner is licensed, he/she must invest in your best interest first even if it does not benefit them. They will be bound by ethics and regulations to do so.
On the other side, if the financial planner does not hold a strong sense of fiduciary responsibility, he/she could lead you to a riskier path.
However, this risker path can also provide a higher payoff for you in the end. Who can say which choice is better? It would be hard to determine. Safer? Or bigger and better results? It truly depends on your situation. You can try it both ways to find out which approach works best for you.
The wisest course? Get to know your financial planner and make sure you feel comfortable with the road he or she has planned for you, tailored to the results you desire.
10 Best Financial Advisors in Fenton
We have prepared a list of the best financial advisors in Fenton after doing thorough research to help you save time. The following companies are selected based on their experience, ratings, reviews, and expert services. Have a look at them:
1. Summit Tax and Wealth Advisory, LLC
Summit Tax and Wealth Advisory LLC is a leading company providing clients with reliable and efficient tax services. With years of experience and dedication to personalized service, the company is the top choice for all tax needs, from filing to planning.
Summit Tax and Wealth Advisory LLC offer a wide range of services, including individual and corporate tax returns, company start-up paperwork, bookkeeping, financial reporting, sales tax reporting, payroll processing, death claim paperwork, voluntary benefits, personal and group life insurance, property/casualty insurance, trust and estate planning, and privatized banking.
Summit Tax and Wealth Advisory LLC understand that taxes can be complicated and stressful, but the team is committed to making it as easy and stress-free as possible.
Summit Tax and Wealth Advisory, LLC
1461 Larkin Williams Rd, Ste 100,
Fenton, MO 63026
Phone: (636) 326-0564
FEFA is a unique network connecting federal employees and their families with financial professionals with extensive knowledge of the federal retirement system. Unlike other companies focusing on high-net-worth individuals, FEFA strives to provide the best value for its clients, regardless of their net worth.
FEFA has mastered the federal employee retirement system, the most extensive retirement system in the world, and has developed customized plans for thousands of clients nationwide. The same strategies that have been successful for federal employees can also be applied to most private and public retirement systems.
FEFA offers various services to help clients plan retirement, including workshops, 1-on-1 strategy calls, TSP distributions, and disability retirement guidance. The team of experts at FEFA has superior knowledge and experience with the federal retirement system. They can guide clients through every step of the process to ensure an easy-going retirement.
530 Vance Road
Valley Park, MO 63088
Phone: +1 (314) 947-3332
GrimesTax is a leading accounting and tax preparation service provider for individuals and small businesses. The company offers a wide range of services to simplify today’s household and business demands.
GrimesTax specializes in tax return filing and tax planning for individuals, bookkeeping and financial statements for small businesses, and corporate tax return filing. The company stays on the leading edge of ever-changing tax laws and accounting methods through annual participation in Continuing Professional Education courses offered by local chapters of national accounting and tax associations.
In addition to tax preparation services, GrimesTax offers financial planning, business valuations, personal bill pay services, accounting services, payroll services, bookkeeping, financial statements, and invoicing & delivery solutions.
2570 Gladiator Drive,
Fenton, MO 63026
4. Dixon Financial Services
Dixon Financial Services is a premier financial services firm dedicated to helping clients achieve long-term financial success. Founded in 2004, the company is committed to providing personalized service and expertise to individuals, families, and businesses.
The team adheres to a fiduciary standard at Dixon Financial Services, meaning clients receive objective advice, information, and guidance to make sound financial decisions and grow their wealth. The firm offers customized programs designed to help clients grow, protect, and conserve their wealth, with access to various seasoned investment managers.
Dixon Financial Services offers various financial services, including investments, portfolio design, portfolio tax efficiency, retirement income planning, tax reduction strategies, insurance and benefits planning, college savings strategies, and wedding funds. The team helps clients define, plan for, and achieve their most important financial goals with a high level of personalized service.
Dixon Financial Services
16 N. Gore Ave, Suite 207
Saint Louis, MO 63119
5. Cornerstone Wealth Management LLC
Cornerstone Wealth Management LLC is a dedicated investment advisory firm that aims to make a positive financial impact on individuals and families. Its approach centres on listening to clients’ goals, creating a customized financial plan, and monitoring and adjusting it as life changes occur.
The advisors at Cornerstone Wealth Management LLC are independent and not affiliated with any particular investment firm, allowing them to offer a wide range of investments and strategies to help clients pursue financial independence.
In addition to investments, guidance is offered on a wide range of areas that affect clients’ financial lives, including retirement, investment, estate, insurance, and tax. With Cornerstone Wealth Management, clients can clearly understand their financial situation and confidently pursue their financial goals.
Cornerstone Wealth Management LLC
13358 Manchester Road Suite 200
Des Peres, MO 63131
Phone: (314) 394-1670
6. The Chamberlin Group
The Chamberlin Group is a premier retirement planning firm specializing in creating personalized retirement plans to help clients achieve their financial goals. Founded in 2002, the company was born to provide more comprehensive retirement planning and protection from economic disasters. Since then, The Chamberlin Group has been dedicated to offering elite services to everyday American families.
At The Chamberlin Group, the Tax Management Journey® program helps clients navigate the complex tax landscape and optimize their tax planning strategies. Additionally, the Social Security Consultant Program helps clients maximize their Social Security benefits, ensuring they receive the full benefit they’re entitled to.
The Chamberlin Group also offers Investment Audit®, which is a comprehensive evaluation of a client’s current investment portfolio. This service is designed to identify any gaps or inefficiencies in the portfolio and make recommendations for improvement.
The Chamberlin Group
12444 Powerscourt Drive Suite 200
Saint Louis, MO 63131
Phone: (314) 909 1269
7. Heise Advisory Group
Heise Advisory Group is a team of experienced professionals offering a family-focused retirement planning approach. The team takes pride in putting their client’s goals and dreams at the forefront of every decision.
Aside from retirement planning, the company also provides estate planning services to help clients protect their legacies and ensure their assets are distributed according to their wishes. The team is equipped to create a comprehensive estate plan that includes wills, trusts, and other important documents to give clients and their loved ones peace of mind.
Heise Advisory Group also offers retirement income strategies to help clients maximize their income while minimizing taxes and other expenses. They understand that retirement is not just about saving for the future but also ensuring clients have the income they need to support their lifestyle and achieve their goals.
Heise Advisory Group
12444 Powerscourt Drive Suite 235
St. Louis, MO 63131
8. Integrated Planning Advisors, LLC
Integrated Planning Advisors LLC was formed to make financial planning more accessible and intuitive for its clients. The company leverages resources from partnerships with firms nationwide to add value for clients without adding extra expenses.
The company has more than 50 years of experience in financial services and can manage clients’ ever-changing financial needs. Its advisors work with clients to identify the legal and financial resources needed to secure them and their loved ones in the event of an unplanned life change.
Integrated Planning Advisors is committed to making building the future a simpler, friendlier experience for their clients. The company believes in transparency and building lasting relationships with clients.
Integrated Planning Advisors, LLC
8000 Maryland Avenue, Suite 1030
St. Louis, MO 63105
9. Hovis & Associates
Hovis & Associates is a family business founded in 1984 that has expanded its consultative services to cover a vast area of the country. The company offers three categories of services: Medicare Consulting, Agent Services, and Financial Services.
Hovis & Associates takes pride in educating and supporting agents in Medicare Consulting to ensure clients receive professional and positive experiences. Currently, the company offers over 20 companies nationwide to service clients’ needs regardless of location.
Additionally, the firm provides various financial services to help clients achieve their financial goals. From retirement planning to investment management, Hovis & Associates creates customized financial plans that meet each client’s needs.
Hovis & Associates
3660 South Geyer Rd. Suite 190
St. Louis MO, 63127
Phone: (314) 380-2030
10. Acropolis Investment Management
Acropolis Investment Management is a fee-only wealth management firm serving clients for over 20 years. The company is committed to delivering sound advice, excellent service, and a positive investment experience.
Acropolis Investment Management offers various services, including retirement planning, personal wealth management, institutional wealth management, and 401k plan sponsor services. The company’s investment philosophy and strategies are based on academic research and real-world experience. It implements the same system for its clients for its own personal investments.
The Acropolis Investment Management team comprises experts from a wide variety of investment fields who combine their skills, knowledge, and personalities into individualized investment teams to serve clients best. Acropolis believes that a fair management fee, low-cost investments, and complete transparency are top priorities. It strives to achieve its goals with honesty and integrity and always puts the client’s goals first.
Acropolis Investment Management
14567 North Outer Forty, Suite 200
St. Louis, MO 63017
Phone: (888) 882-0072
The team providing these Top Ten financial advisors in Fenton list believes smart people make smart decisions because they educate themselves on the choices they are preparing to make.
We hope we’ve helped you become smarter about choosing a financial advisor that meets your unique and specific needs.
We try to provide readers with up-to-date information that will help them make those good decisions for hiring financial advisors in Fenton. We hope you’ve enjoyed reading the information we’ve provided and learned about some of the choices for Financial Advisors in the Fenton area.
No content is intended to constitute professional advice. This content is not responsible or liable for any consequences relating directly or indirectly to any action you take or fail to take based on the information provided. It is very important to do your own analysis, based on your own personal circumstances, before making any investment.
Consult with your own investment, financial, tax, and legal advisers. Readers agree to indemnify and hold harmless the providers of this information, from and against any and all liability, losses, claims, demands, disputes, damages, or costs of any kind.
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