5 Questions to Ask Before Hiring a Financial Consulting Firm
+91 22 4002 0045 info@bmgindia.com www.bmgindia.com
5 Questions to Ask Before Hiring a Financial Consulting Firm
Ask About the Charges for Services When hiring a financial sector consulting firm, it is important that you ask them about the charges for the services they offer. Find out if they firm gains incentives upon selling you services, or charges an initial planning fee while charging a percentage of the assets under management later. This way, you can be sure if the financial consulting firm you choose will be genuine enough to stick around.
+91 22 4002 0045 info@bmgindia.com www.bmgindia.com
5 Questions to Ask Before Hiring a Financial Consulting Firm
Ask About the Services Offered While asking about the costs is essential, it is equally important to ask a banking sector consulting firm about the services on offer. This will help you choose a firm whose offerings suit your requirements. For instance, while some financial consulting firms offer advice on investments and stop at that, others help you to plan your finances around your lifestyle in a comprehensive manner.
+91 22 4002 0045 info@bmgindia.com www.bmgindia.com
5 Questions to Ask Before Hiring a Financial Consulting Firm
Ask About the Clients the Firm Specializes in Before hiring a financial & banking sector consultant, you will also need to ask the firm about the type of clients it specializes in. Hiring a firm that provides services in your area of interest is a wise option as it will help you get the most comprehensive and relevant solution to your financial needs.
+91 22 4002 0045 info@bmgindia.com www.bmgindia.com
5 Questions to Ask Before Hiring a Financial Consulting Firm
Ask About Licenses, Credentials, and Certifications It is important to choose a licensed and certified financial services consulting firm to plan and manage your finances. A license and certification ensure that your finances are in good hands while additional credentials and certifications like CFP, ChFC, RIA, CPA, and PSF give additional information about the firm and the type of financial services that it offers.
+91 22 4002 0045 info@bmgindia.com www.bmgindia.com
5 Questions to Ask Before Hiring a Financial Consulting Firm
Ask for a Sample Financial Plan Before giving the nod to a financial consulting firm, ask for a sample financial plan for a better understanding of how the firm would work to manage your finances. For instance, while some firms will provide a quick view of your financial situation via a 6-page snapshot, other firms may brandish pages of charts, images, graphs and financial jargon you may have little idea about. So check a sample financial plan to ascertain what lies in store for you, should you choose the firm.
+91 22 4002 0045 info@bmgindia.com www.bmgindia.com