Myrtle Beach Financial Consultant
- Need A Financial Audit? We have the top Auditors in Myrtle Beach!
- We will assign you a personal Financial Planner to help you with your business and personal financial plan
Looking For A Myrtle Beach Financial Consultant? Look For These 8 Things!
Charleston is often thought of as the gem of the South Carolina coast for its great eating, romantic ambiance, active port, and rich history. However, Myrtle Beach is where the real fun is. Entertainment, accommodations, and great beaches all add up to a great beach vacation for many.
Some who come choose to stay, perhaps retiring here or opening their own business and enjoying the economic opportunities that only happen in a city where so much money flows in from out of town. People flock here from across the Carolinas and Georgia, and major cities like Charlotte and Atlanta provide a steady stream of surfers, swimmers, families, couples, and weddings going on.
While there can be a lot of money to flow into your life here, you want to manage it well so you can make the most of it. Making use of a Myrtle Beach financial consultant is a great thing to do if you want to maximize the possibilities your wealth and income provide, providing security for yourself and your family while also making the dreams you have become possible.
If you are looking for a Myrtle Beach financial consultant, then keep reading to learn 8 considerations to keep in mind while you look through the area possibilities:
1) Means of communication: Most of the time, you’ll want the ability to sit down with them in their office face to face, but it’s handy to also have their phone number and email so you have multiple ways of reaching out to them.
2) Rates versus commissions: Some financial consultants just offer planning and advice based on what you say you want to do and the information you give them, whereas others might actually handle arranging your accounts and investment vehicles. Expect to see some prices that are hourly rates and others that charge percentage commissions based on the numbers involved. Rates tend to be cheaper.
3) Feedback from previous clients: Online research is a great place to start here, but also check for complaints with the Better Business Bureau, any relevant Chamber of Commerce, and even background checks.
4) Their age: Older consultants are likely to be very seasoned professionals who know what they are doing. On the other hand, younger professionals might be able to work with you longer if you’re a long ways from retirement or some of your financial ambitions.
5) Size of the business: How large a financial consulting business can have an impact on the quality of the service you get. Many professionals might work independently, but if they take an extended trip or are out of work for a while, you might not be able to get as much help as you want. That can also happen if they get flooded with clientele. On the other hand, a firm with multiple consultants gives you the chance to bond with someone you trust, but also have others on hand who can step in and help you out when your primary contact is not available. If your designated consultant retires or moves on, a larger business also means you can probably stick with the same outfit, just using someone else.
6) Local versus online: Does your Myrtle Beach financial consultant have to actually be in the area to help you out? A generation ago, he or she certainly would have had to be in the Myrtle Beach area to meet you and help you out. However, online and digital options have made this a bit more complicated. In your hunt for financial consultation, you might come across a number of professionals and businesses that offer their services online, via video-conference or something like Skype.
Such options might market themselves for Myrtle Beach but actually serve anyone interested across the country, as they do search engine optimization or customized marketing packages and campaigns for individual markets for the most exposure.
It’s up to you whether or not you want to use such a service. In many cases, such services are a bit cheaper, and sometimes much cheaper, than local offices that have substantially more overhead. On the other hand, someone a thousand miles away is far from likely to know the peculiarities and possibilities of South Carolina taxes, laws, and other local matters. It’s also a matter of how comfortable you are with technology, as this option might be more appealing to younger adults, though every individual is definitely different.
7) Access to your accounts: Do you want to just get advice and planning? Or do you want someone that actually helps you manage your money? If a financial consultant says they need your Social Security number or direct access to your financial accounts, you need to be crystal clear what you are doing and getting involved in. If you’re not comfortable sharing any confidential information, then do not ever do so! They might need certain facts and figures to work out comprehensive planning for you, but they should also be able to work with hard copy printouts you give them with personal details blacked out with a marker.
8) The time range they excel in: Are you looking to preserve your money and grow it into an emergency reserve fund in two years? Are you looking to put someone in college, take a big trip, buy a car, or put a down payment on a house in 5 to 10 years? Are you looking to generate retirement income a generation from now? The range of time you have for your various financial ambitions dictate different strategies and tactics, and some financial consultants might be better at preparing you for your golden years with emphasis on stocks, bonds, and annuities, whereas others are more focused on helping you make the most of your current cash flow by saving money and upping your home value.
Whatever your reasons are for looking for a Myrtle Beach financial consultant, using these 8 considerations should make your hunt an efficient and effective one, giving you a professional you trust and that serves you and your money well now and into the future.