Fee Only Investment Advisors Las Vegas
There are very few things that will affect you and your family more over the coming decades than the financial decisions you are making today. We have seen countless people amass small fortunes during their lifetimes only to squander them through bad financial decisions. We are all familiar with the celebrities who have lost it all. What is not reported in the press is how many middle class millionaires also lose it all. There is an even larger group who do not lose it all but could have left a legacy for generations if they had made better financial decisions.
Many people in Las Vegas go to seminars looking to find an investment for a particular chunk of money. What they should be looking for is a fee only investment advisor that they can stick with for the rest of their lives. A good investment advisor can be worth their weight in gold. The relationship should provide comfort and confidence. Think of this trusted investment advisor as a coach, who helps you focus on what’s important at just the right time and can provide insight and perspective.
Unfortunately not all investment advisors in Las Vegas are created equal. There is such a thing as bad financial advice, just like there is bad medical advice, bad legal advice, etc. Many people reading this book may have been victims of bad financial advice. That’s OK. Don’t get discouraged. It is not that difficult to become an “educated consumer of financial services” so that you can find a fee only investment advisor in Las Vegas who is right for you.
Fee only investment advisors in Las Vegas typically charge a management fee, which ranges from 1-2%. The more money your investment advisor is managing, the lower the percentage. Most people would agree that this is a superior arrangement for several reasons:
1. You never have to second guess why your investment advisor is recommending changes. Every time they buy or sell something it is just more work for them. Therefore, you can assume that they are only going to make changes if they think it will improve your situation.
2. There is no conflict of interest since they get paid the same amount regardless of which investments they use.
3. Your investment advisor has the flexibility to buy and sell as often as necessary without the financial penalty of commissions.
4. There are the right incentives for your investment advisor. They get to charge their fee on a larger account when they make you money. On the other hand, they take a pay cut, when your account declines in value. The other major incentive is to provide excellent service so that you never want to leave. This is a win-win structure.
If you have questions or comments about fee only investment advisors Las Vegas, please contact Jeremy Kisner, Certified Financial Planner (CFP) at (702) 256-7400. Mr. Kisner is the President of SureVest Capital Management, a fee only investment advisory firm in Las Vegas. The firm manages investment portfolios of $250,000 to more than $10 million.
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