Working with a completely independent financial advisor is often unique than working with a large financial organization. There are some basics that will apply to both financial relations; however working with an independent financial advisor can have a few features an investor may find of worth. You can find independent or institutional financial advisors in the market and each one of them has their own weaknesses and strengths.
Bharti Jogia-Sattar works as an independent consultant in the greater Los Angeles metropolitan area and have more than two decades of experience as financial executive and accountant. As the name suggests, the independent financial advisors are self-employed who run their business from office with few support staff. They tend to be flexible, friendly and spend time to understand your requirements and make you understand the products which will fulfill them. The only marketing tool that they possess is a word of mouth and reference, so they try their best keep the customers happy. The independent consultants meet the clients individually to assist them with financial planning decisions.
Questions that you can ask when finding independent accounting consultants- Bharti Jogia Sattar Suggests
- Ask about the years of experience that the consultant has. The more number of years’ experience the consultant will have, the more worthy the consultant will be.
- Ask for the educational qualification of the consultant. Ideally, a consultant should have proven experience in topics such tax planning, investments, budget. For instance Ms. Jogia-Sattar has completed her studies from the highly respected Eastern Michigan University with a Bachelor of Science in Business Management and Chemistry. She has also completed her undergraduate studies from Bryn Mawr College and a coursework in accounting from the University of California in Los Angeles.
- Ask for the services that the consultant offers as it can differ depending on a number of factors such as licenses, credentials and areas of expertise.
- Ask the independent consultant about the type of clients and financial circumstances he or she usually likes to work with or have experience in. Ensure that the consultant’s perspective on certain things is not too thoughtful or overly aggressive.
- Ask if the consultant will be working alone or there are others in the office to assist in the process.
Apart from all these understand the amount of money that the consultant charges and how the charges should be paid. Independent financial consultants usually are flexible when it comes to the service charges. Although they may offer the same financial products as institutional financial advisors, they may have flexibility in how they can charge commissions or fees. This may offer a customer some savings in the fees.
These are some of the important points that you should consider when choosing an independent financial consultant.
Even though, Bharti Jogia-Sattar is working now as an independent financial services consultant but prior to this she has worked with some renowned organizations such as Countrywide Capital Markets and then with Lionsgate as Vice President and Controller.