There are many financial advisors in Kansas City that can help you. Here are a few: Prairie Capital Management. Windward Private Wealth Management. Atwood & Palmer. Fortune Financial. These firms specialize on different aspects of management and financial planning.
Prairie Capital Management
Prairie Capital Management is a Kansas City-based financial advisory firm. They manage assets worth $6.2Billion and 2,528 client account assets. High-net-worth individuals, corporations, as well as pooled investments vehicles, are some of their clients. They also manage estates, 401(k), and IRA plans. However, the firm acts as a custodian and not as a registered broker-dealer.
Prairie Capital Management charges fees based on their services. Prairie Capital Management charges a combination fee that includes hourly fees, asset-based and fixed fees. Prairie Capital Management can help with your financial planning, no matter how simple or complex.
Windward Private Wealth Management
Windward Private Wealth Management has two offices in North Kansas City. Their professionals evaluate clients' portfolio valuations and help them protect their wealth. Darrell Windward, the founder and owner of the company, has over three decades' experience. He specializes in helping clients reach their financial goals. He also helps his clients save taxes and preserve capital.
Windward Private Wealth Management's mission is to help clients reach their financial goals, and ultimately achieve financial freedom. They offer comprehensive financial planning and tax preparation as well as investment management. The firm provides relationship management and can link clients with other business professionals. Its team includes a Certified Financial Planner, (CFP), and a lead plan.
Atwood & Palmer
Atwood & Palmer, Inc, a Kansas City, Missouri, financial advisor firm. They have 435 client accounts and manage assets of approximately $1.3 billion. Five financial advisors make up their staff. They are registered as an investment adviser and not as a broker-dealer. Securities can be used to diversify your financial assets.
The firm offers a variety of fee structures. There are both asset-based and fixed-fee models. This fee structure aligns the interests of both the advisor and the client. This fee structure does NOT include brokerage commissions, interest or taxes.
Fortune Financial
Fortune Financial Advisors Kansas City, founded over a decade ago, provides comprehensive wealth management services for individuals and businesses. The firm's team includes financial advisors who specialize in creating strategies that help clients achieve financial success and meet their financial goals. They offer business consulting, fiduciary and retirement planning services as well as career goal setting.
The firm offers clients fee-only services in financial planning and investment services. The firm's financial advisers can provide one-stop services and integrate all client's different financial needs into a personalized holistic plan.
FAQ
What's the difference between an advisor and a consultant?
An advisor is someone who provides information about a subject. A consultant can offer solutions.
A consultant works directly alongside clients to help them realize their goals. The advisor provides indirect advice through books, magazines lectures, seminars, and the like.
How do I choose a consultant?
There are three main factors to consider:
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Experience - How experienced is this consultant? Is she a beginner? Intermediate? Advanced? Expert? Is her resume a proof of her skills and knowledge?
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Education - What did he/she learn in school? Did he/she pursue any relevant courses once he/she graduated? Are we able to see evidence of his/her learning through the way he/she writes
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Personality – Do we like this person/person? Would we want him/her to work for us?
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These questions will help us determine if the consultant is right to meet our needs. If the answers are not clear, it may be worthwhile to interview the candidate in person to get more information about them.
Do I have to pay tax on consulting income
Yes, you must pay tax on the consultancy profits. The amount you earn depends on your annual income.
If you're self employed, you can deduct expenses beyond your salary.
But you won't be able to deduct interest payments on loans, vehicle depreciation, or the cost of equipment.
If you earn less than PS10,000 per year, 25% can be claimed back.
You might be taxed even if you make more than the threshold depending on whether your income is contractor or employee.
Pay as you Earn (PAYE) is the most common method of taxing employees. Contractors pay VAT.
Why hire consultants?
There are many factors that could lead to you hiring consultants.
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An organization might have a particular problem or project that requires solving
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You would like to improve your skills or learn new things
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You'd like to work in conjunction with an expert in a specific field
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There is nobody else who can do this job.
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It's overwhelming to see all the information, and you don't know how to get started.
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You can't afford full-time employment
Word of mouth is the best way to find a great consultant. Ask your friends and family if they know of any reliable consultants. Ask someone you know who is a consultant for his/her recommendations.
If you decide to use online directories like LinkedIn, use the "Search People" feature to look for consultants in your area.
What happens when the consultant is done?
After the consultant has completed the work, they will submit a final document detailing the results. This report details the project timeline, deliverables, as well any other pertinent information.
After that, you'll go through the report and decide if it meets your expectations. If you are not satisfied with the consultant's report, you have the option to ask for modifications or to terminate your contract.
Which industries employ consultants
There are many different types of consultants. Some are specialists in one type or another of business.
While some consultants only work for private companies, others represent large corporations.
Some consultants are available to help businesses around the world.
What is the real value of consulting?
Consulting is not only an entry-level profession for those looking to make fast money, but it's also an excellent way to acquire valuable skills that you can apply throughout your career.
Consulting offers many opportunities in project management as well as business development, strategy and training. There are many projects you could be involved in, from small start-ups all the way up to large-scale multinational corporations.
Consulting provides you with the opportunity to develop and hone your skills, as well as gain experience within a range of industries. This could involve learning to manage and negotiate teams, write proposals or manage budgets.
Statistics
- Over 50% of consultants get their first consulting client through a referral from their network. (consultingsuccess.com)
- So, if you help your clients increase their sales by 33%, then use a word like “revolution” instead of “increase.” (consultingsuccess.com)
- According to IBISWorld, revenues in the consulting industry will exceed $261 billion in 2020. (nerdwallet.com)
- Over 62% of consultants were dissatisfied with their former jobs before starting their consulting business. (consultingsuccess.com)
- WHY choose me: Why your ideal client should choose you (ex: 10 years of experience and 6-week program has helped over 20 clients boost their sales by an average of 33% in 6 months). (consultingsuccess.com)
External Links
How To
How do you find a good advisor?
Knowing what you need from your consultant is the first step to finding a qualified consultant. What do you need them to do for your website? You may want them optimizing your site to rank higher for search engines. Maybe you want someone to check on your current hosting provider and tell you if it is in need of improvement. After you have decided what services you need, it is time to start looking at potential companies. Many consultants claim to be able to provide these services. However, only a handful of them actually deliver on their promises. How do I choose one? Here are some tips to help you choose a consultant.
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Ask for referrals. Referring to other consultants is the best way of choosing a consultant. Because you are likely to pay too much, you shouldn't hire someone who you have never heard of. You also don't want someone with a poor reputation to work for you. If you are lucky enough to be referred by people you trust, that's awesome! You can check online reviews even if they don't refer you. Find testimonials and case study examples from customers who have used your product.
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Ask around. Many people are not aware of the benefits of hiring a consultant. They believe that because they're doing well, they don’t need to make any changes. However, this is usually untrue. Even if you have great results right now you probably haven't been keeping pace with new technologies or trends. If you continue to rely on outdated methods, your business will be unable to grow. It is always worthwhile to ask around for recommendations of good consultants.
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Verify their qualifications. You need to verify their qualifications when you are searching for a consultant. It doesn't matter if they are qualified for the task or not; make sure they are knowledgeable in the field.
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Find out about the types of projects they specialize. It is a common misconception that everyone can manage everything. Some areas require specific education or training. You won't hire a Drupal developer if you need to build a WordPress template. The same applies to programming languages, graphic design and other areas. Be sure to ask what kinds of projects they typically work on.
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You should know their prices. As we said, you don't want to pay too much for a consultant. You don't necessarily want to pay too low, but you shouldn't either. There are many types of consultants. While some consultants charge an hourly rate, others bill per project. You will save money if you know exactly what you're going to pay upfront.
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Find out what they offer. Are they available for free consultations They will be able to offer you guidance on setting up your own system. Is there a guarantee that your site will rank higher after working with them? You have the right to cancel at any time if you aren't satisfied with what was said during your consultation.
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Finally, find out if they offer discounts for multiple months or years. Many consultants offer discounted pricing for extended time periods. You may not need to commit to a full year, but you may also take advantage of whatever deals they offer.