Are Financial Consultants Only for High Net Worth Individuals?

Are you interested in seeing a financial planning consultant but thinking that maybe you just aren’t rich enough for one to accept you? It sounds funny, doesn’t it? That you’d have to already be wealthy to be concerned about accumulating wealth.

However, people in various income brackets are interested in their current and future financial health. Most people would like to grow what wealth they have while adding to it in the future. The majority of people don’t feel that they know enough about available financial products to be able to start their investing journey on their own. So it makes sense that they might want to avail themselves of the services of a skilled financial planner, doesn’t it?

But, for some reason, there is still this thought that financial consultants are only for the rich.

We got an answer to this questions from an expert, financial planning consultant Richard Cayne of Meyer International. Here’s what he said:

Financial Planners Can Help Most People

“We are not only here to serve the super high net worth individuals. We also help mid-range, middle-income individuals and families. We can best serve clients that have at least $50,000 in savings that they are ready to do something with. In those cases, we can definitely help by consulting on a wide-range of great products.”

“Meyer International works with hundreds of different investment firms such as Merrill Lynch, Goldman Sachs, Fidelity, Templeton and more. You name it, we probably work with them. We can also advise on offshore jurisdictions all over the world.”

So, They Aren’t for the Ultra-Rich?

No. Though financial consultants do cater to the ultra-rich and offer them services that they might not be able to offer a middle-income client – such as personal introductions to private bankers – they can still serve a financially comfortable family very well and make sure that they keep the wealth they have and grow it steadily.

What Services Can They Offer Middle-Income Investors?

Financial planning consultants can offer a range of services to middle-income investors. They can help you to map out your financial goals and help you plan the best route to get there. They can help you to pinpoint whether you want to invest conservatively or aggressively. They can teach you about the different products available and consult on which is best for your unique situation or guide you during your first foray into offshore saving or investing.

Whatever you need, they can likely help. And, as you grow your wealth, they can open more and more doors into new investing opportunities. Your professional relationship with your planner can blossom into a decades-long partnership.

So, yes, it’s great to get started with a consultant early – that gives you all the more time to learn, invest and accumulate your wealth!

If you feel that you could benefit from the knowledge of a skilled and professional financial planning consultant, get in touch with Richard Cayne and the staff at Meyer International today!