financial consulting

Castle Investment Advisors - Indianapolis Financial Advisors

By Paige Whiteside 14 May, 2023 3 mins read

Looking for a Indianapolis financial advisor? You've come to right place. Castle Investment Advisors is an SEC-registered firm that specializes in the management of personal assets, retirement funds, charitable trusts, retirement plans, and private family foundations. In addition, they have a separate division called the Castle Valuation Group, which prepares business valuations for both public and privately held companies. Castle Investment Advisors can help you make the transition from retirement to selling your business.

Fiduciary financial planners put clients' interest before their own

Fiduciary financial advisory is one that puts the best interest of their clients before all else. Fiduciaries must follow strict legal guidelines. They are not compensated by the companies they recommend. This means their advice will be impartial and without conflicts of interest.

As a fiduciary financial advisor, your financial advisor will invest your money with the greatest care and diligence. Your interests are their primary goal. They will never make any recommendation without your permission. A fiduciary advisor can help you find the best investments, rebalance your portfolio, and provide peace of mind.

Senior financial advisors

Senior financial advisors can help seniors save money and avoid falling for fraud. It is crucial to choose the right advisor for your loved one in order to meet their financial goals and needs. Seniors who want to increase their retirement savings have different goals than those who are more concerned about managing their existing nest eggs.

Many Indianapolis companies offer senior advisor services. CFG Wealth Management Services is one example. This Indianapolis company offers investment management, retirement planning, and education services to clients. The firm's staff has more than 30 combined years of experience in asset management, retirement planning, and investment management. Each advisor is a certified Financial Planner.

Advisors charged a nominal fee

A fee-only financial advisor in Indianapolis can be an excellent choice for your financial planning needs. These financial advisors provide services such as tax planning, investment management and retirement income planning. They are independent fiduciaries that earn their compensation directly from their clients, eliminating potential conflicts of interest arising from commission-based arrangements.

The cost of a fee-only financial advisor in Indianapolis depends on the fiduciary. The fees charged by these advisors range from a $1,000-$2,000 one-time fee to an hourly rate of $200-5500. Additionally, you may have to pay a $100-$1000 per month retainer fee to continue asset management. Advisors may also charge a commission for certain products or a percentage on the total portfolio value.

Working with a financial adviser is expensive

It is up to you to decide what kind of financial advisor you want. The costs of Indianapolis financial planning can vary greatly. However, there are a few things you should keep in mind when deciding which adviser to choose. Ask whether the adviser charges a fee. This will ensure that you are receiving advice based on your best interests. Also, it is less likely that a fee-only financial adviser will push unnecessary products on your behalf.

Next, think about whether your advisor is a Fiduciary. This means, they are legally obligated to serve their clients best interests. A fiduciary does not receive compensation from the companies they recommend.

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FAQ

What can I count on from my consultant to help me?

You should hear back from your chosen consultant within a few days. They will often ask about your company's mission, goals and products. Then, they'll send over a proposal outlining the scope of work, estimated time frame, fees, deliverables, milestones, etc.

If all goes well, the parties will then negotiate a written agreement. The type of relationship between the parties (e.g., employee-employer, independent contractor-employer) will affect the terms of any contract.

If everything goes as planned, the consultant may begin to work immediately. He/she will have immediate access to your internal documents, resources, and you'll be able to access his/her skillset and knowledge.

Don't think that consultants are experts. It takes time and practice to become an expert on any subject you consult. Your consultant should not assume that they know everything about you business.

What industries use consultants

There are many types and styles of consultants. Many consultants specialize in a particular type of business. Others may be more focused on multiple types.

Some consultants are limited to working for private corporations, while others can represent large corporations.

Many consultants also work internationally to assist companies from all corners of the globe.

What is a consultant?

Consultants provide services for others. Consultant is not just a job title. It's a position where you help people achieve their goals. This is done by helping others understand their options and making the right decisions.

Consultants are experts at finding solutions to problems and challenges that arise when working on projects. They can provide guidance and advice on how to implement the solutions.

Consultants should be able and willing to answer any questions regarding business, technology or finance, leadership, strategy, customer service, legal, management, leadership, management, law, management, law, procurement, legal, marketing, human resources, etc.

How do you get clients for your consultancy business?

The first step is to find an area you are passionate about. It can be anything you like, including public relations or social media. If this is the case, it may be worth starting small by focusing on a niche market such web design. Once you have discovered the niche, understand what it does. What problems does the solution solve? Why should people use them? How can you help them?

It is also possible to approach businesses directly.

If all else fails offer your services for free at networking events and conferences. You'll get to know many potential clients without spending money advertising.

Statistics

According to IBISWorld, revenues in the consulting industry will exceed $261 billion in 2020. (nerdwallet.com)
WHY choose me: Why your ideal client should choose you (ex: 10 years of experience and 6-week program has helped over 20 clients boost their sales by an average of 33% in 6 months). (consultingsuccess.com)
67% of consultants start their consulting businesses after quitting their jobs, while 33% start while they're still at their jobs. (consultingsuccess.com)
On average, your program increases the sales team's performance by 33%. (consultingsuccess.com)
"From there, I told them my rates were going up 25%, this is the new hourly rate, and every single one of them said 'done, fine.' (nerdwallet.com)