Clarity Wealth Management

Guidance

With professional guidance comes peace of mind.  Here are some key points to consider when choosing a financial advisor, attorney, realtor, business consultant, or tax advisor.

Hiring a Professional

How do I know if I need a professional?  If you have to ask, you probably know the answer.  To do it yourself: do you have the time, motivation, expertise, patience, and connections to complete the task from the beginning to the end?  Consider these components and any follow-through along with the potential costs of a mistake if you go it alone. 
 
What services can I expect to receive?  Think carefully about what your needs are and match them to the appropriate level of service.  Are you looking for a longer-term relationship or someone to help with a transaction? Be sure to ask the professional what your options are and how they view your need to ensure your idea of service matches theirs. 
 
How much can I expect to pay?  Fees and transaction costs can vary widely, but they should be fully disclosed, easy to understand, and correspond to the level of service to be provided.  For hourly fee arrangements, ask up front how many hours a project like yours should take. If the professional is reluctant to disclose the total costs and what your options may be, that may be an indication to look elsewhere. 
 
How are professionals compensated?  This may vary based on each profession, so ask. Again, if they are reluctant to respond, consider moving on. Of the costs and/or fees that you pay, understand how much is going to the professional so you can make an informed decision. 
 
What does the professional’s business consist of today and into the future? To ensure a sound and long-term ongoing relationship, research their background, experience, and book of business,  as well as ask them their future plans.  Thirty years of experience will mean very little to you if the professional retires next year.
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