Question 1

What is the role of a financial advisor in New Hampshire?

Accepted Answer

The role of a financial advisor is to provide professional financial guidance, advice, and money management services to individuals or businesses. They assist clients in various financial matters, including investment management, retirement planning, wealth management, estate management, and more, depending on the needs of an individual. Financial advisors assess their client's financial goals and risk tolerance and stay updated on market trends, investment options, and regulatory changes to provide informed advice. Additionally, financial advisors often act as fiduciaries, putting their client's best interests first while providing ongoing support and monitoring to help clients achieve their financial objectives. To make sure your best interests are being considered, read more about  the role of a fiduciary financial advisor and the support they can provide.

Question 2

What questions should I ask during the initial consultation with a financial advisor in New Hampshire?

Accepted Answer

During the initial consultation with a potential financial advisor in New Hampshire, it's recommended to ask them about their experience, areas of expertise, investment philosophy, fee and compensation methods, and their approach to financial planning. You should also ask about their fiduciary duty, which means they are legally and ethically bound to act in your best interests. It's important to choose an advisor who communicates clearly and transparently and whose values align with your own. To further understand if a financial advisor is best suited to your financial needs, consider using the following 10 key questions you should ask your financial advisor.

Question 3

What credentials or certifications should I look for in a financial advisor in New Hampshire?

Accepted Answer

When choosing a financial advisor in New Hampshire, look for some common credentials like Certified Financial Planner (CFP), Chartered Financial Analyst (CFA), Chartered Financial Consultant (ChFC), etc. These designations indicate that the advisor has undergone rigorous training and testing in the field of financial planning and is committed to upholding high ethical standards. To ensure you are making a more informed decision while picking an advisor, explore the  6 common financial advisor certifications you need to know. To further explore the various credentials an advisor can hold, read more about advisor designations.

Question 4

Are there financial advisors in New Hampshire who specialize in retirement planning?

Accepted Answer

Yes, there are financial advisors in New Hampshire who specialize in retirement planning. These advisors typically have expertise in providing guidance on investment strategies, tax planning, wealth preservation, and legacy planning to optimize retirement outcomes. However, WiserAdvisor's directory may not include advisors that specialize in retirement planning. In the "Advisory Services Provided" section, you will be able to confirm if retirement planning services are among the services an advisor offers. To learn more about how you can further benefit from the help of a retirement planner, explore  why you should hire a retirement advisor.

Question 5

Are there financial advisors in New Hampshire who are knowledgeable about socially responsible or sustainable investing?

Accepted Answer

Yes, there are financial advisors in New Hampshire who are knowledgeable about socially responsible or sustainable investing. These advisors understand the growing interest in investing with environmental, social, and governance (ESG) factors in mind. When choosing a financial advisor who specializes in socially responsible investing, it may be wise to search for advisors who are members of organizations like the Sustainable Investment Professional Certification (SIPC) or the US SIF: The Forum for Sustainable and Responsible Investment. To further understand a financial advisor's approach to socially responsible investing, consider using the following  6 Questions On Sustainable Investing that you should ask your financial advisor.

Question 6

What is the average cost or fee structure for financial advisors in New Hampshire?

Accepted Answer

The average cost or fee structure for financial advisors in New Hampshire can vary depending on a variety of factors, such as the advisor's experience, the complexity of your financial situation, and the level of service you require. Some advisors can charge fee-only based on a percentage of assets under management, or a flat fee for specific services. Alternatively, Some advisors use a combination of commissions and fees or solely earn commission by selling financial products. It's important to understand the fee structure of your financial advisor to ensure transparency and manage potential conflicts of interest. To learn more about financial advisor fees and the factors affecting them, explore the  costs of hiring a financial advisor.

Question 7

How can wealth management services in New Hampshire help me achieve my financial goals?

Accepted Answer

By working with an advisor who specializes in providing wealth management services, you can receive assistance in achieving your financial goals through personalized and comprehensive financial planning. The advisor can work closely with you to set clear objectives and devise a tailored financial plan encompassing investment management, tax planning, and risk management strategies. They also will regularly review and adjust the plan to accommodate changing circumstances and market conditions. To further explore how financial advisors listed on our directory for the state of New Hampshire can support you, learn more about  the different types of financial advisors  and their areas of expertise.

Question 8

What is the typical minimum asset requirement for working with a financial advisor in New Hampshire?

Accepted Answer

The typical minimum asset requirement for working with a financial advisor in New Hampshire can vary. While some advisors might have specific minimum investment thresholds, many are willing to offer valuable guidance and support regardless of the size of your portfolio. Even if you have a relatively small amount to invest, an advisor can assist you in creating a customized plan to achieve your financial goals, manage risks, and make well-informed decisions. To learn more about how financial advisors can help with investment management and portfolio growth, consider exploring  the impact of asset allocation on your investments.

Question 9

How can a financial advisor in New Hampshire assist with tax planning and optimization?

Accepted Answer

Many financial advisors in New Hampshire are also tax professionals or work closely with tax professionals to help clients with tax planning and optimization. These professionals can help you identify tax-saving strategies and recommend tax-efficient investment options by analyzing your current tax situation. However, the WiserAdvisor directory for the state of New Hampshire may not include advisors that specialize in providing tax-related services. In the "Advisory Services Provided" section, you will be able to confirm if tax planning and optimization are among the services an advisor offers.

Question 10

Can a financial advisor in New Hampshire provide guidance on college savings plans that are specific to the state?

Accepted Answer

Yes, a financial advisor in New Hampshire can help you prepare for your child's college expenses by analyzing your current financial situation, setting college savings goals, and providing guidance on college savings vehicles, such as the 529 College Savings Plan. Advisors can also help you navigate financial aid options when it is time for your child to go to college. To learn more about effective ways to save for college, read on about  the best approaches to plan for a college education.

Question 11

Can a financial advisor in New Hampshire provide guidance on local tax strategies and exemptions unique to the state?

Accepted Answer

Yes, a financial advisor in New Hampshire can provide guidance on local tax strategies and exemptions unique to the state. New Hampshire has its own state tax laws and regulations, including income tax, property tax, and other local taxes. A knowledgeable financial advisor can help individuals and businesses navigate these specific tax requirements, identify potential tax-saving opportunities, and ensure compliance with local tax laws. To learn more, read on about  how a financial advisor can help you manage your finances.

Question 12

How can I evaluate the performance of my financial advisor in New Hampshire?

Accepted Answer

To evaluate the performance of your financial advisor in New Hampshire, you should start by assessing the progress of your financial goals and whether the advisor's recommendations align with your objectives. Compare your investment portfolio's performance to relevant market benchmarks, and evaluate advisor fees for reasonableness and transparency. Additionally, evaluate your advisor's communication and trustworthiness by assessing their ability to keep you informed, address concerns, and consider your overall satisfaction with their guidance. To learn more about evaluating your financial advisor, explore this guide on  the things you should know to assess your financial advisor's work.

Question 13

How often should I review my financial plan with my planner in New Hampshire?

Accepted Answer

How often you should review your financial plan with your advisor in New Hampshire may depend on your specific situation and financial 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 assess your circumstances and help determine the appropriate frequency for reviewing your financial plan. Read on to learn more about  how often you should meet with your advisor.

Question 14

Do I need a financial advisor in New Hampshire if I already have a 401(k) or other retirement account?

Accepted Answer

While already having a 401(k) or other retirement account is a positive step towards saving for retirement, a financial advisor in New Hampshire can provide helpful guidance and expertise beyond just managing your retirement account. They can help you set and prioritize your financial goals, optimize your investment strategy, manage risk, and provide knowledgeable financial market insights. With their knowledge and experience, a financial advisor can help you make informed decisions, navigate complex financial situations, and maximize the potential of your retirement savings. Explore  why and when you might require a financial advisor to gain a better understanding of their role.

Question 15

What factors should I consider when choosing a financial advisor in New Hampshire?

Accepted Answer

When choosing a financial advisor in New Hampshire, it's important to consider key factors including an advisor's qualifications, experience, and method of compensation. Additionally, it's important to consider their investment philosophy, approach to financial management, and whether a financial advisor is bound to act in your best interests. To ensure you are making an informed decision and choosing the right financial advisor to manage your finances, we recommend our guide on the  5 things to consider when hiring a financial advisor.

Question 16

Do I need a financial advisor if I have a small portfolio?

Accepted Answer

Yes, financial advisors can provide valuable guidance and support regardless of the size of your portfolio. Even with a small amount to invest, an advisor can help you develop a tailored plan to reach your financial goals, mitigate risks, and make informed financial decisions. To explore how financial advisors can assist with investment management and grow your portfolio, read more about  the impact of asset allocation on your portfolio.

Question 17

How can I determine the ideal retirement age and timeline for my financial situation in New Hampshire?

Accepted Answer

To determine the ideal retirement age and timeline for your financial situation in New Hampshire, several factors should be considered. Begin by assessing your current financial health, including savings, investments, and any employer-sponsored retirement plans. You also want to consider your anticipated Social Security benefits, desired lifestyle in retirement and expenses, and factors regarding your health and family longevity. To learn more about how to ensure your retirement is aligned with your financial capabilities and aspirations, learn more about the  6 important factors to assess your retirement readiness.

Financial Advisor	Experience	AUM	Minimum Assets	Fee Structure
Joseph SkeesCFP^®, ChFC^®Granite Bay Wealth Management, LLC767 Islington StreetPortsmouth, NH 03801	18 Years	Not Specified	$50,000	Fee-Based
PEAK Wealth Management LLCCFP^®, CRPC^®PEAK Wealth Management LLC20 Trafalgar Square, Suite 404Nashua, NH 03063	15 Years	$100,000,000	$0	Fee-Only


MATRIX CAPITAL MANAGEMENT COMPANY, LPPortsmouth, NH	18	4	$12,092,862,376	A percentage of AUM, Performance Based
PRIME BUCHHOLZ LLCPortsmouth, NH	129	70	$10,409,452,909	A percentage of AUM, Fixed fees, Other (A PERCENTAGE OF ASSETS UNDER ADVISEMENT)
IMPAX ASSET MANAGEMENT LLCPortsmouth, NH	113	19	$9,643,533,263	A percentage of AUM
GLOBAL FOREST PARTNERS LPLebanon, NH	23	18	$3,554,771,000	A percentage of AUM, Fixed fees, Performance Based
LAKE STREET ADVISORSPortsmouth, NH	45	1858	$3,108,813,749	A percentage of AUM, Fixed fees, Other (PERCENT OF ASSETS UNDER ADVISEMENT)
WELLESLEY ASSET MANAGEMENT, INC.Portsmouth, NH	30	2188	$2,104,334,424	A percentage of AUM, Performance Based
THE HARBOR GROUP, INC.Bedford, NH	22	3608	$1,734,378,971	A percentage of AUM, Hourly charges, Fixed fees
DHK FINANCIAL ADVISORS INCPortsmouth, NH	5	190	$1,514,041,032	A percentage of AUM, Fixed fees
TIDE CYCLE RESOURCES LLCPortsmouth, NH	1	1	$1,396,569,716	A percentage of AUM, Fixed fees
DAVID WENDELL ASSOCIATES, INC.Portsmouth, NH	5	487	$1,270,956,000	A percentage of AUM, Fixed fees
CHARTER OAK CAPITAL MANAGEMENTPortsmouth, NH	23	4048	$1,109,715,192	A percentage of AUM, Hourly charges, Fixed fees
CMH WEALTH MANAGEMENT, LLCPortsmouth, NH	8	691	$774,040,243	A percentage of AUM, Fixed fees
THE LYME TIMBER COMPANY LLCHanover, NH	18	9	$738,640,908	A percentage of AUM, Hourly charges, Fixed fees, Performance Based, Other (FEES FOR CONSULTING SERVICES ON LAND CONSERVATION STRATEGIES)
ELDRIDGE INVESTMENT ADVISORS INCManchester, NH	8	946	$735,258,297	A percentage of AUM
CONSERVATION RESOURCE PARTNERS, LLCExeter, NH	16	4	$682,730,409	A percentage of AUM, Performance Based

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