October 6, 2014 Fact of the Day: What's the Right Number of Advisors for You?
Most Millionaires use only one advisor for most of their financial needs. Slightly over one-fourth will use two advisors. Business owners tend to use two or even three advisors. So what's the proper number of advisors?? Well it depends on the individual as well as the type of advisor. Many individuals will rely upon an accountant for their tax needs and a full service broker for their investment needs. Often a financial planning firm can offer both of these services. Some times individuals don't think of their accountant as an advisor, so just consider their broker as their advisor. It makes sense that business owners have multiple types of advisors because they have banking, investment, accounting and legal nees that often overlap between their businesses and their personal finances. If you're looking for an advisor, check out our Best Financial Advisors Service.