Tre Bynoe

"Hey Google, how much does it cost to see a financial advisor?"

I never fault anyone for asking this question. It seems ridiculous that a financial planner might expect less since we're helping you manage and make the most out of your money.

In this blog, I broke down three ways a financial planner or advisor will get paid for their services:

» Commission based
» Fee-based
» Fee-for-service based

Each advisor will charge a different amount, but this should give you an idea of the structure. I'm very transparent about my fees and how much I charge, so feel free to reach out if you have questions or go to my website's "Services" page to learn more.

How Much Does It Cost to Meet With a Financial Planner? | Tre Bynoe If you’re searching this, you’ve likely done your research and understand anyone can call themselves an advisor, but there are qualifications you should be looking for if you’re in a place where you have generated wealth. The next obvious question is, “how much is it going to cost me?”

With all the attention on the achievements of women today, I wanted to stress the importance of both partners having a part in the family's finances.

I've met many couples who have a "designated financial person." Here are a few reasons why including both parties is so important:

1. While it's typical to have one person lead the family finances, it can be added stress on an already difficult situation if the spouse who took care of finances passes away.

2. It can cause marital strife when both parties don't discuss or agree on goals.

3. The spouse who doesn't fully understand the family's financial situation can feel insecure and unsure about the future. It can also lead to anxiety over where money is going, the end goals, and what they would do if the other spouse passed.

I'm sure it won't come as a surprise that I take the lead in our family's finances, but I ensure Seese has a complete understanding and is part of the decision-making process. At first, she wanted to run every time I said the word "budget," 😂 but now finances are something she feels very comfortable with and even takes the lead in some aspects of it. My next goal is to get Seika to contribute. 🐶

I hope this post inspires you to make finances an open conversation between you and your spouse today!