Question 1

How can a financial advisor in Delaware help me prepare for retirement?

Accepted Answer

A financial advisor in Delaware can help you prepare for retirement by creating a comprehensive financial plan that takes into account your current assets, income, expenses, and future goals. They can help you develop a savings strategy, choose retirement accounts, and manage your investments. Additionally, a financial advisor can help you plan for potential healthcare expenses during retirement and ensure that your assets are distributed according to your wishes. To learn more about how an advisor can help you prepare for retirement, read on about why you should hire a retirement advisor.

Question 2

What types of services can I expect from a financial advisor in Delaware?

Accepted Answer

Financial advisors in Delaware may offer a range of services, such as investment management, retirement planning, wealth management, estate planning, and more. Some advisors may specialize in one area, while others may offer multiple financial services. By clicking on the "View full profile" button of any vetted financial advisor in our Delaware directory, you can access detailed information about an advisor's services, fees, credentials, and more. In the "Advisory Services Provided" section, you will be able to confirm what specific services are offered by an advisor.

Question 3

Are there financial advisors in Delaware who have experience working with specific industries or professions?

Accepted Answer

Yes, there are financial advisors who specialize in working with specific industries or professions. Whether you're a medical professional, business owner, athlete, or in other specialized fields, you may benefit from the assistance of a financial advisor. These financial professionals can offer tailored guidance due to their deep understanding of industry-specific financial challenges and opportunities. When searching for a financial advisor with experience in a specific industry or profession, it's essential to research their background, qualifications, and expertise to ensure they have the necessary knowledge to address your financial goals and challenges effectively. To further explore how financial advisors listed on our directory for the state of Delaware can support you, learn more about the different types of financial advisors and their areas of expertise.

Question 4

How much does it cost to hire a financial advisor in Delaware?

Accepted Answer

The cost of hiring a financial advisor in Delaware varies depending on the advisor's experience, services, and fee structure. Some advisors charge a percentage of assets under management, ranging from approx. 1.02% or a fixed rate of approx. $7,500 and above. Meanwhile, other advisors charge an hourly rate, flat fees, or based on commission. It's important to understand the advisor's fee structure and any potential conflicts of interest before engaging in their services. To get a better understanding of how financial advisors charge and the factors influencing their fees, read more on what the costs of hiring a financial advisor are.

Question 5

How can a financial planner in Delaware help me with tax planning?

Accepted Answer

Many financial planners and wealth managers in Delaware are also tax professionals or work closely with tax professionals to help clients with tax planning and preparation. These professionals can help you identify tax-saving strategies and recommend tax-efficient investment options by analyzing your current tax situation. However, WiserAdvisor's directory for the state of Delaware may not include advisors who specialize in taxes. In the "Advisory Services Provided" section, you will be able to confirm if tax advice and tax preparation services are among the services an advisor offers.

Question 6

Can a financial advisor in Delaware help me with college savings planning?

Accepted Answer

Yes, a financial advisor in Delaware can help you plan for your children's college education by analyzing your finances, setting savings goals, and recommending investment strategies. They provide guidance on college savings plans like 529 plans, help navigate financial aid options, and offer insights on the tax implications of education expenses. To learn more about effective ways to save for college, read on about the best approaches to plan for a college education.

Question 7

What resources or tools do financial advisors in Delaware use to track their clients' investments or financial progress?

Accepted Answer

Financial advisors in Delaware typically use a range of resources and tools to track their client's investments and monitor financial progress. These may include creating regular portfolio reports to summarize investment performance and allocation, as well as utilizing risk assessment tools to help determine clients' risk tolerance and align investment strategies. Advisors may also provide educational resources to enhance financial literacy, use rebalancing tools to ensure alignment with long-term objectives and use goal tracking to help clients monitor specific financial targets. It's important to inquire about an advisor's investment management process to gain more insight. To learn more, read on about how financial advisors track and monitor your financial goals.

Question 8

What should I expect during my first meeting with a financial advisor in Delaware?

Accepted Answer

During your first meeting with a financial advisor in Delaware, you can expect a discussion about your financial goals, current financial situation, and risk tolerance. The advisor may ask questions to understand your objectives, income, expenses, assets, and debts. They may also inquire about your investment experience and any specific concerns you have. For more information on how to prepare for your first meeting, refer to this guide on how to prepare for a meeting with your financial advisor.

Question 9

How often should I meet with my financial advisor in Delaware?

Accepted Answer

How often you should meet with your financial advisor in Delaware may depend on your specific financial situation and goals. For complex finances, you may need to meet with your financial advisor weekly or monthly, while for those with regular income and simpler investments, quarterly or annual meetings may be enough. Your advisor can assist in determining the suitable meeting frequency based on your circumstances. Read on to learn more about how often you should meet with your advisor.

Question 10

How do I know if a financial advisor in Delaware has my best interests in mind?

Accepted Answer

To ensure that a financial advisor in Delaware prioritizes your best interests, seek out advisors who adhere to a fiduciary standard, which legally obligates them to act in your best interests and avoid conflicts of interest. When selecting an advisor, inquire about their fiduciary status and how they will consistently prioritize your interests. To make sure your best interests are being considered, learn more about the role of a fiduciary financial advisor and the support they can provide.


BLACKROCK CAPITAL MANAGEMENT, INC.Wilmington, DE	208	39	$110,923,554,810	A percentage of AUM, Fixed fees, Performance Based
BLACKROCK CAPITAL INVESTMENT ADVISORS, LLCWilmington, DE	26	129	$50,708,850,726	A percentage of AUM, Fixed fees
WILMINGTON TRUST INVESTMENT ADVISORS, INC.Wilmington, DE	137	3487	$16,496,928,966	A percentage of AUM, Fixed fees
WILMINGTON FUNDS MANAGEMENT CORPORATIONWilmington, DE	35	10	$14,772,401,948	A percentage of AUM
DUPONT CAPITAL MANAGEMENTWilmington, DE	36	6	$12,393,033,000	A percentage of AUM, Performance Based, Other (REIMBURSEMENT OF EXPENSES AS PERMITTED BY ERISA)
BRANDYWINE MANAGERS, LLCHockessin, DE	5	53	$12,304,072,000	A percentage of AUM, Fixed fees, Performance Based
GREAT VALLEY ADVISOR GROUP, INC.Wilmington, DE	175	24276	$7,343,187,109	A percentage of AUM, Hourly charges, Fixed fees
DIVERSIFIED, LLCWilmington, DE	41	4562	$1,553,774,222	A percentage of AUM, Fixed fees, Other (SOLICITOR FEES)
SPEARHEAD ADMINISTRATIVE SERVICES, LLCGreenville, DE	9	293	$1,215,303,747	A percentage of AUM, Fixed fees, Performance Based
ASHFORD CAPITAL MANAGEMENT INCWilmington, DE	15	99	$894,756,552	A percentage of AUM, Performance Based
REALTA INVESTMENT ADVISORS, INCWilmington, DE	83	3529	$799,701,457	A percentage of AUM, Hourly charges, Fixed fees
VEERY CAPITAL, LLCWilmington, DE	12	789	$739,064,765	A percentage of AUM, Hourly charges, Fixed fees
RIVERSEDGE ADVISORSWilmington, DE	15	1415	$708,414,018	A percentage of AUM, Hourly charges, Fixed fees
AFFINITY WEALTH MANAGEMENT LLCWilmington, DE	15	2072	$699,596,531	A percentage of AUM, Hourly charges, Fixed fees
CLARITI WEALTH ADVISORSWilmington, DE	10	1243	$565,760,922	A percentage of AUM, Hourly charges, Fixed fees

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