Lake County Fee-Based Financial Planner

If there’s one thing that nearly all people have in common, it’s that almost everyone could benefit by working with a financial planner. Indeed, there is no one who doesn’t hope for financial security, yet most people don’t know the first thing about planning for retirement, creating a realistic budget, or investing money. At Harvest Wealth Partners, our Lake County fee-based financial planner can help you make sense of your financial situation and put in place a financial plan that works. To learn more about our firm and our Lake County fee-based financial planner, please reach out to us today directly with any questions. 

What Does a Financial Planner Do?

A CERTIFIED FINANCIAL PLANNER™ (CFP®) provides a number of financial planning-related services, including:

• Helping you to understand your income, how much money you need, how much money you should save, and how to set a budget;
• Retirement planning services;
• Investment services; 
• Insurance planning services, including planning for long-term care insurance and disability insurance;
• Social Security planning services;
• Tax planning; 
• Planning for education, home buying, and other future costs; and
• More.

Note that in order to receive the CFP® designation, a financial professional must have passed a number of qualifying exams and must have worked for a certain number of hours in the industry before they can be called a CFP®. What’s more, a CFP® is a fiduciary, which means that they owe their clients a legal duty to act within the clients’ best interests; a breach of this duty could result in civil consequences. 

What Is a Fee-Based Financial Planner?

A fee-based financial planner is a financial planner who gets paid through fees, but may also collect compensation in other ways, too. Types of fees that a fee-based financial planner might collect include a flat fee, an hourly fee, or a fee that’s based on the percentage of assets under management.

While a fee-based financial planner may primarily be paid based on fees, they may also be compensated through other sources. An example of this is collecting a commission, such as a commission on investment products that a client purchases. This is different from fee-only financial planners, who are barred from commission-based payments. 

Our Fee-Based Financial Planner in Lake County Can Serve You

At Harvest Wealth Partners, our Lake County fee-based financial planner can help you, regardless of what stage you’re at in your life. Whether you are young and just embarking into the professional world and hoping to save money for marriage, a home, children, or even more education in the future, or older and approaching retirement age and full of questions about insurance and your pension, our financial planner can provide you reputable financial advice tailored to you. We always personalize our services and work with our clients’ best interests at heart. 

To learn more about our Lake County fee-based financial planner and how you can take steps towards getting in control of your financial future, reach out to Harvest Wealth Partners today to schedule a consultation. All initial appointments are offered free of charge.