The online financial planning services were started with an aim to help common men and women with their finances. There were days when financial planning was considered a service for a handful of big, hefty and rich clients. And there were solid reasons behind it. First, only rich people had money to invest and secondly, the service rates of wealth management firms or financial advisory firms were so high that only wealthy individuals could afford personal financial planners. But as times changed and the technology made its way in the financial services industry, few brains came up with the idea of providing online financial planning services to one and all and that too at affordable rates. Also, with the increase in disposable income of middle-class working men and women, people felt the need of hiring somebody who can assist them plan their disposable finances. In addition to this, as people became more and more technology savvy, it eliminated the need of full-time advisors. Most of the information is available through online resources and people are more than happy to access all there details at the click of a button rather than going to the offices of their advisors. Neither does most of the individuals have time nor do people want to go through all the hassles. Why not use the easy and good form of online financial planning rather than hiring a full-time advisor who are manipulative and act pricey at times.
There are a couple of online financial planning service providers who offer diversified portfolio for investments.
They also offer recommendations on life goals, insurance, loans, expenses and
tax. All this is done via virtual meetings which are much more productive as
compared to when you spend half of your spare time in driving to the advisor’s
office and looking for the parking. And needless to mention that online
financial planning is much cheaper than your full-time financial planning.
Calculate and see for yourself!
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