When do You Need a Financial Management Company on Your Side?

We live in a crazy world. Someone ought to sell tickets. It seems that people, especially those in the US, are always clamoring for products and services that they don't need and ignoring those that they do. Financial Management is a prime example. Companies that provide financial management services are often inundated with requests from potential clients that really can't benefit from their services while many people that should be using a financial manager of some kind are literally flying by the seat of their monetary pants without anyone to navigate for them.

So, how do you know when you need an accountant or financial manager of some kind working for you? Just ask yourself these questions:

? How many bank accounts do you have and what are the balances in each?

? How many investments do you have and what are their values?

If you couldn't answer these questions without getting out files and statements to look up the answers, you may need to higher a company or individual to meet your financial management needs. If your bank accounts include a checking, savings, and maybe a CD or IRA account and you own ten shares of stock in some XYZ company, you probably don't need a financial manager at this time.

Most reputable financial management companies will let you know up front whether you can benefit from their services. A few, however, will take on as many clients as they can, regardless of whether that client really needs a financial management team working for her.

Financial management companies can do a wonderful job of helping you turn your money into more of your money. Everyone would like to see a thousand of their favorite dollars become ten or twenty thousand of their favorite dollars. If, however, a thousand of your favorite dollars represents all of your dollars, you don't need to worry about a financial manager at this time.

Investment Tips by Mika Hamilton ? Read more free investment tips, tutorials & reviews at http://www.Global-Investment-Institute.com

In The News:

A Not So D.U.M.B. Use of Money  Waco Tribune-Herald
Smart Money Moves to Make Before Year End  Kiplinger's Personal Finance

Whats The Truth Behind Your Finances?

Between 15 - 20% of people in our country (UK)... Read More

Family Money Management: The Importance of Agreement

Are you having problems with debt? Are you afraid to... Read More

Are You Ready To Be Fired?

Your boss has just informed you that your department is... Read More

Roth IRA Contributions - IRS Rules

Confused about whether you can contribute to a Roth IRA?... Read More

10 Quick And Cheap Ways To Cut Your Heating Bill

When you received an energy (heating) bill last winter, were... Read More

University: A Course in Personal Finance

Recent findings from the Educational Policy Institute indicated that the... Read More

Save Money on your Clothing Budget. Tame the Closet Monster!

Reducing the clothing budget was a serious challenge for me.... Read More

Identity Theft ? More Tips on How it Can Be Avoided

Recent security breaches at several credit card companies continue to... Read More

Budgeting Tips to Save Real Money

Sticking to a budget can be difficult, but with so... Read More

Succession Planning

Have you ever thought about what you are going to... Read More

Is There A Retirement Crisis?

When people speak about the increasing age expectancies, they generally... Read More

Budgets And Eating - Can They Co-Exist?

Whatever your reason for having a tight budget, the truth... Read More

Debt Management ? Watch Out for Bank Fees!

During the last twenty years, banks have offered a number... Read More

Money Matters - Really!

One of the biggest challenges facing black RELATIONSHIPS today are... Read More

Make or Break Your Retirement!

The Prudential has dubbed those who refuse to leave home... Read More

Personal Finance ? Why You Should Compare, not Despair

Sorting out your personal finances can be a tricky and... Read More

Bank On It: Places to Hide and Invest Money

Today I passed a thermometer at a bank that read... Read More

Budgeting Your Way to Financial Freedom

Financial freedom cannot be achieved without budgeting. Budgeting involves tracking... Read More

Saving Money - The Magic 20 Percent

Saving money is not easy and is made more difficult... Read More

Resources to Help You Learn About and Protect Yourself from Identity Theft

There is a new bill that is being passes, it... Read More

10 Money-Saving Tips

1. If you have your haircut every 3 weeks, try... Read More

Avoiding A Nightmare On Renovation Street

You've decided you want a bigger, better and more desirable... Read More

Stretching Your Grocery Dollars

Shopping for groceries is an inevitable fact of our ever... Read More

Financial Fitness - Are You Exercising the Right Muscles to become Financially Fit?

Are your financial muscles well toned and healthy or flabby... Read More

Single Mother and Learning how to Save

Saving may seem easier if you were saving for a... Read More