There are several ways to find a good financial advisor in Charlotte, NC. There are firms that specialize in different areas, such as retirement planning. Some of them are Parsec Financial, Carroll Financial Associates, Colony Family Offices, and the Ronald Blue Trust. It is important to compare the services of these firms in order to decide which one is right for you. These firms have proven track records, and you can feel confident hiring them to work on your behalf.
Parsec Financial
Gregory D. James and a certified financial consultant make up Parsec Financial. He graduated with a Bachelor of Science degree in accounting at Pennsylvania State University. He then went on to complete his professional studies at College for Financial Planning. Prior to joining Parsec he held various roles in the investment management sector, including as a senior accountant at Charles Schwab & Co., and as an accountant with DuPont Corporation. Apart from managing clients' finances he enjoys sailing the Charleston Harbor and spending time with his family.
Parsec Financial opened its first office in Charlotte, on the 18th floor at the Carillon Building on West Trade Street. In 2015, Parsec Financial was able to employ eight people full-time and had also moved to a new office just next door to its original location. The new office space offers expansive views of the Queen City skyline and the Carolina Panther's Stadium. In addition to providing clients with the financial guidance they need, the company has many other services that are vital to their financial well-being.
Carroll Financial Associates
Carroll Financial Associates' financial advisors can help you reach your investment objectives by creating a personalized investment plan. Before making investment decisions, Carroll Financial Associates advisors take into account the time frame, risk tolerance and investment strategy of each client. Financial advisors must communicate with clients their findings and make recommendations so they can make informed financial decisions. Carroll Financial Associates may offer a range of services that can include estate planning or retirement planning.
Carroll Financial Associates in Charlotte is a premier investment management firm. The company was founded by Larry Carroll in 1980 and has three locations in the area. The firm employs 39 financial advisers that offer investment management and financial planning. They can help achieve your retirement goals as well as ensure that your money is getting the best possible returns. The firm's philosophy, "Trust MattersTM," stands for "trust matters."
Colony Family Offices
The Colony Family Offices, LLC, an advisory firm for multi-family families, is based out of Charlotte, North Carolina. The company oversees regulatory assets worth more than $1.62 trillion for over three hundred fifty clients. It is a trusted firm that offers financial planning. The firm serves clients in Charlotte and California as well. Colony Family Offices, LLC is a team of experienced professionals that are focused on client-first financial plan.
To determine the unique position of a client, The Biltmore Family Office uses a combination quantitative and qualitative analysis. This includes determining how to allocate assets across actively managed accounts, exchange-traded funds, and direct securities. The fee-only model requires a total account balance of at least $10 million. However, the fee-only model can be a great fit for clients who have substantial assets.
Ronald Blue Trust
A Ronald Blue Trust financial advisor believes in combining biblical wisdom with technical expertise to help clients make sound financial decisions. Their advice gives clients financial clarity, and helps them feel confident. Clients can leave an indelible legacy with the support of their advisors. Here are some of the benefits of partnering with an advisor who has these attributes:
Hunter Pugh is the senior partner of Ronald Blue Trust. He is a specialist in private wealth management. His team integrates trust services, financial planning and asset management into a complete plan for clients. He began his career working in the banking industry in 1994 and opened the Charlotte location of the firm in 1994. He is a CERTIFIED FINANCIAL PLANNER(R) as well as a Certified Wealth Strategist, (CWS).
FAQ
What is wealth administration?
Wealth Management can be described as the management of money for individuals or families. It includes all aspects of financial planning, including investing, insurance, tax, estate planning, retirement planning and protection, liquidity, and risk management.
What are the potential benefits of wealth management
Wealth management gives you access to financial services 24/7. Saving for your future doesn't require you to wait until retirement. It's also an option if you need to save money for a rainy or uncertain day.
To get the best out of your savings, you can invest it in different ways.
For example, you could put your money into bonds or shares to earn interest. Or you could buy property to increase your income.
If you hire a wealth management company, you will have someone else managing your money. This will allow you to relax and not worry about your investments.
How to manage your wealth.
The first step toward financial freedom is to take control of your money. It is important to know how much money you have, how it costs and where it goes.
Also, you need to assess how much money you have saved for retirement, paid off debts and built an emergency fund.
If you don't do this, then you may end up spending all your savings on unplanned expenses such as unexpected medical bills and car repairs.
What are the Different Types of Investments that Can Be Used to Build Wealth?
There are many investments available for wealth building. Here are some examples.
-
Stocks & Bonds
-
Mutual Funds
-
Real Estate
-
Gold
-
Other Assets
Each has its own advantages and disadvantages. Stocks or bonds are relatively easy to understand and control. However, they can fluctuate in their value over time and require active administration. Real estate on the other side tends to keep its value higher than other assets, such as gold and mutual fund.
Finding something that works for your needs is the most important thing. To choose the right kind of investment, you need to know your risk tolerance, your income needs, and your investment objectives.
Once you have determined the type of asset you would prefer to invest, you can start talking to a wealth manager and financial planner about selecting the best one.
Who can help with my retirement planning
For many people, retirement planning is an enormous financial challenge. Not only should you save money, but it's also important to ensure that your family has enough funds throughout your lifetime.
When deciding how much you want to save, the most important thing to remember is that there are many ways to calculate this amount depending on your life stage.
If you're married, for example, you need to consider your joint savings, as well as your personal spending needs. You may also want to figure out how much you can spend on yourself each month if you are single.
If you're working and would like to start saving, you might consider setting up a regular contribution into a retirement plan. You might also consider investing in shares or other investments which will provide long-term growth.
Talk to a financial advisor, wealth manager or wealth manager to learn more about these options.
What is retirement planning?
Retirement planning is an important part of financial planning. It helps you prepare for the future by creating a plan that allows you to live comfortably during retirement.
Planning for retirement involves considering all options, including saving money, investing in stocks, bonds, life insurance, and tax-advantaged accounts.
What is risk management in investment management?
Risk management is the art of managing risks through the assessment and mitigation of potential losses. It involves monitoring, analyzing, and controlling the risks.
Any investment strategy must incorporate risk management. The purpose of risk management, is to minimize loss and maximize return.
These are the key components of risk management
-
Identifying sources of risk
-
Monitoring and measuring the risk
-
How to manage the risk
-
Manage the risk
Statistics
- These rates generally reside somewhere around 1% of AUM annually, though rates usually drop as you invest more with the firm. (yahoo.com)
- A recent survey of financial advisors finds the median advisory fee (up to $1 million AUM) is just around 1%.1 (investopedia.com)
- Newer, fully-automated Roboadvisor platforms intended as wealth management tools for ordinary individuals often charge far less than 1% per year of AUM and come with low minimum account balances to get started. (investopedia.com)
- According to Indeed, the average salary for a wealth manager in the United States in 2022 was $79,395.6 (investopedia.com)
External Links
How To
How to become a Wealth Advisor?
A wealth advisor can help you build your own career within the financial services industry. There are many opportunities for this profession today. It also requires a lot knowledge and skills. These skills are essential to secure a job. A wealth advisor's main job is to give advice to investors and help them make informed decisions.
You must choose the right course to start your career as a wealth advisor. It should include courses on personal finance, tax laws, investments, legal aspects and investment management. And after completing the course successfully, you can apply for a license to work as a wealth adviser.
Here are some tips on how to become a wealth advisor:
-
First of all, you need to know what exactly a wealth advisor does.
-
You need to know all the laws regarding the securities markets.
-
It is essential to understand the basics of tax and accounting.
-
You should take practice exams after you have completed your education.
-
Final, register on the official website for the state in which you reside.
-
Apply for a license for work.
-
Send clients your business card.
-
Start working!
Wealth advisors usually earn between $40k-$60k per year.
The size and geographic location of the firm affects the salary. If you want to increase income, it is important to find the best company based on your skills and experience.
We can conclude that wealth advisors play a significant role in the economy. Everyone must be aware and uphold their rights. Moreover, they should know how to protect themselves from fraud and illegal activities.