What You Need to Know About an Online Financial Planner

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When you have money questions, there’s no shortage of answers online and from your friends, family and Instagram influencers. But what you really need is an expert money person to help guide you toward your financial goals and make sure you’re doing the best thing with your hard-earned dollars. That’s where an online financial planner can come in handy.URL: https://courses.pnclearning.com/bundles/fp-canada-ce-course-bundle

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These money pros take a big-picture view of your finances, identify your goals and create a plan to get you there. They offer advice on a range of topics, including debt management and investing. And they can also provide an in-depth analysis of your current spending, assets and liabilities to help you figure out how much money you have and what you can afford to spend.

They may also recommend you reduce your debt, invest more in your retirement account or other investment accounts, and develop a plan for how to pay off a mortgage or student loans. Some charge by the hour or a flat fee for a comprehensive financial plan, while others may charge a percentage of your assets under management (AUM), which is common for investment management services.

Online financial planners can be a good option if you want a more holistic approach to managing your finances than a robo-advisor or budgeting app can provide. But it’s important to compare the offerings of different services before you decide which one is right for you. Look for a service that offers a fiduciary commitment and only charges a management fee.

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