consulting firms

Castle Investment Advisors - Indianapolis Financial Advisors

By Andrea Ell 15 April, 2023 2 mins read

The right place to find an Indianapolis financial advisor is here. Castle Investment Advisors, an SEC-registered company, specializes in managing personal assets and retirement funds. They also have a separate division, the Castle Valuation Group. This group prepares business valuations for public and private companies. Castle Investment Advisors can help you make the transition from retirement to selling your business.

Fiduciary advisors are those who put the clients' best interests ahead of their own.

Fiduciary advisors are financial advisers who place the best interests and needs of their clients first. Fiduciaries work under strict legal guidelines, and they never receive compensation from the companies they recommend. This means their advice will be impartial and without conflicts of interest.

Fiduciary financial planners will invest your money responsibly and with diligence. Their main goal is to put your interests before their own, and they will never make a recommendation without your permission. A fiduciary advisor can help you find the best investments, rebalance your portfolio, and provide peace of mind.

Senior financial advisors

Senior financial advisors are available to help seniors manage their finances and keep them from falling prey to fraud. The right advisor will be able to help you meet your loved ones' financial goals. Seniors who are looking to increase their retirement savings will have different goals than those who care more about the management of their existing nest.

Many Indianapolis companies offer senior advisor services. CFG Wealth Management Services, for example, is one such company. The Indianapolis firm offers educational services, investment management, and retirement planning to its clients. This team has more than 30 years of combined experience in asset and retirement management. Each of its advisors is a certified financial planner.

Advisors who charge a fee

A fee-only Indianapolis financial advisor is an excellent option for financial planning. These advisors offer services including investment management, tax planning, retirement income planning, and more. They are independent fiduciaries and earn their compensation directly through their clients. There is no conflict of interest due to commission-based arrangements.

The cost of a fee-only financial advisor in Indianapolis depends on the fiduciary. In general, these advisors charge a one-time fee of $1,000 to $2,000 or an hourly rate of $200-500. You may also need to pay a $100-$1000 monthly retainer fee for asset management. Advisors may also charge a commission for certain products or a percentage on the total portfolio value.

Costs of working with an advisor financial advisor

You can expect to pay a wide range of costs when working with a Indianapolis financial planner. However, there are a few things you should keep in mind when deciding which adviser to choose. First, be sure to ask whether the adviser is fee-only. This will ensure that you are receiving advice based on your best interests. Additionally, an advisor who charges a fee only is less likely to recommend unnecessary products.

Next, consider whether advisors are fiduciaries. This means that they are legally required to look out for the best interests of their clients. Fiduciaries are not paid by companies that they recommend. They only get compensated for recommending products in your best interests.

FAQ

How can I find clients for my consulting business?

The first step is to find an area you are passionate about. This could be social media or public relations. However, it must be something that you are passionate about. If you don't feel passionate about it, you might need to start small with web design. Once you have discovered the niche, understand what it does. What problems does the solution solve? What problems can it solve? What can you do to support them?

You can also try approaching businesses directly - perhaps they need someone who understands SEO or content creation, or maybe they just want to know where to go for advice on social media strategy.

You can also offer your services at events such as networking nights and conferences, if all else fails. You will meet potential customers and be able show your skills without having to spend money advertising.

What does it cost to hire an expert?

Many factors go into determining how much it costs to hire a consultant. These factors are:

Project size
Time frame
Scope of work
Fees
Deliverables
Other considerations like experience level, geographical location, etc.

Do I have to pay tax on consulting income

Yes, tax will be payable on any consultancy profits. It depends on how much income you make per year.

If you're self employed, you can deduct expenses beyond your salary.

But, interest payments on loans, vehicle and equipment depreciation will not be allowed to be deducted.

If your annual income is less than PS10,000, you can only claim 25% back.

Even if you earn more than the threshold, you could still be taxed depending upon whether you are classified as a contractor and/or employee.

The PAYE tax for employees and the VAT tax for contractors is generally paid as you earn.

What is a consultant?

Consultants provide services for others. This is more than a job title. You help others achieve their goals. This is done by helping others understand their options and making the right decisions.

Consultants are skilled at solving problems and overcoming challenges that can arise during projects. They can provide guidance and advice on how to implement the solutions.

A consultant should be able to answer questions about anything related to business, technology, finance, law, management, leadership, strategy, operations, customer service, human resources, etc.

Statistics

According to IBISWorld, revenues in the consulting industry will exceed $261 billion in 2020. (nerdwallet.com)
67% of consultants start their consulting businesses after quitting their jobs, while 33% start while they're still at their jobs. (consultingsuccess.com)
Over 62% of consultants were dissatisfied with their former jobs before starting their consulting business. (consultingsuccess.com)
"From there, I told them my rates were going up 25%, this is the new hourly rate, and every single one of them said 'done, fine.' (nerdwallet.com)
My 10 years of experience and 6-step program have helped over 20 clients boost their sales by an average of 33% in 6 months. (consultingsuccess.com)