Question 1

Why should I hire a financial advisor to manage my money?

Accepted Answer

The core objective of a financial advisor is to get your finances on the right track & help you strategize your spendings, investments & savings to mitigate the future financial risks. A financial advisor creates a plan for you based on your short term & long term financial goals keeping the market situations into consideration and provides you a roadmap to attain those goals.

Question 2

How can I pick a good financial advisor?

Accepted Answer

A good financial advisor is the one who has a sound knowledge of managing finances, the experience of working with market ups & downs & most importantly - understands your financial goals & needs well. To find a 'good' financial advisor, you need to get your financial goals defined & choose the best fiduciary financial advisor that puts your best interest on priority. Choose the best financial advisor for you with our financial advisor's directory.

Question 3

What's the difference between a financial planner and a financial advisor?

Accepted Answer

A financial Advisor provides a vast spectrum of advisory investment management, debt repayment, tax planning, estate planning, retirement planning, insurance depending on your need, whereas a financial planner helps you create a financial plan to help you meet your goals. While the work of a financial planner & a financial overlap at a certain point, there is a fine line of difference based on cost, goals & way of working between the two.

Question 4

How much money should you have before getting a financial advisor?

Accepted Answer

The cost of a financial advisor depends upon factors like experience, certifications & the type of financial advisor. Cost varies as per the type of financial advisor you choose as no one-size-fits-all compensation option for advisors. The most common ways a financial advisor is compensated are fee-only, hourly rates, commission-based, fixed flat rates & percentage of the account. You need to talk to your advisor about the cost involved before hiring the one.

Question 5

What type of financial advisor do I need?

Accepted Answer

Given a wide variety of financial advisors, if you are unable to analyze the type of financial advisor you need, you should consult an advisor who can look at the complete picture. In general terms, the CFP or ChFC certified financial advisor is a preferred choice as in order to achieve the certification one needs a good amount of hands-on experience.

Firm Name	Firm CRD#	Total AUM	No. of Clients	Fee Structure
SMITH SHELLNUT WILSON 661 Sunnybrook Road, Suite 130 Ridgeland, MS, 39157	106235	$7,233,687,387	696	A percentage of AUM, Fixed fees
THE MOLPUS WOODLANDS GROUP, LLC 402 W. Parkway Place, Ridgeland, MS, 39157	114575	$1,341,890,722	6	A percentage of AUM, Hourly charges, Fixed fees, Performance Based, Other (TIMBERLAND ACQUISITION & DISPOSITION FEES)
MAG CAP 1076 Highland Colony Parkway, Suite 291 Ridgeland, MS, 39157	298398	$1,148,400,486	3008	A percentage of AUM, Hourly charges, Fixed fees
ELEMENT WEALTH, LLC 800 Woodlands Pky, Suite 201 Ridgeland, MS, 39157	114968	$549,792,235	1209	A percentage of AUM, Fixed fees, Commission Based
LEGACY WEALTH MANAGEMENT, LLC 300 Concourse Blvd, Suite 102, Ridgeland, MS, 39157	304659	$421,093,989	192	A percentage of AUM
ARGENT WEALTH, LLC 1020 Highland Colony Parkway, Suite 603 Ridgeland, MS, 39157	311685	$402,944,092	760	A percentage of AUM
NEW PERSPECTIVES, INC. 303 Highland Park Cove, Suite B Ridgeland, MS, 39157	113925	$239,761,389	1021	A percentage of AUM, Hourly charges
DAVENPORT WATTS & DRAKE INVESTMENT ADVISORS, LLC 234 W. School Street, Ridgeland, MS, 39157	127506	$122,243,528	339	A percentage of AUM, Fixed fees, Commission Based

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How To Find The Best Financial Advisors in Ridgeland , Mississippi
Last Updated - 13-Jun-2023

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