When Are Tennessee Financial Planners Worth the Money?

When Are Tennessee Financial Planners Worth the Money?

You may have heard about financial planners and how they help people manage their money and financial goals. However, financial planners are not free which leaves many people wondering if paying for their own personal financial planner is worth it. There are different types of financial planners with different types of payment plans. After weighing the pros and cons, the ultimate decision is up to you. Feel free to talk to a Tennessee Bankruptcy Attorney to learn more about your options if your financial situation has brought you to bankruptcy.


Deciding whether you really need a Tennessee financial planner can be difficult when you have less information about what they do. Financial planners are people with training in managing personal finances. This means figuring out your current financial situation by looking at your financial needs and your financial priorities.

Looking at the costs and benefits might also be able to help you make a final decision. The benefits of hiring a personal financial planner include:

  • Setting realistic and attainable Tennessee financial goals
  • Knowing the steps you need to take to reach those financial goals
  • Being warned against and potentially avoiding risky financial decisions
  • A financial plan that is custom-tailored to your financial situation
  • Weighing the costs and benefits of major financial decisions
  • Having someone to turn to for advice when financial pitfalls arise

With benefits, there are almost always costs. Financial planners are not free and charge for their services in two different ways. Commission charges are paid for each session with the financial planner or by a percentage of mutual funds. Whereas, fee charges can be made at an hourly rate or by taking out a percentage of your financial investments. Be wary of financial planners who exaggerate what they can do for you.


Choosing Tennessee financial planners is not always as easy as it sounds. You want to make sure you choose the right financial planner for you and that meets the needs of your unique financial situation. This means considering whether you can afford commissions or fees and percentages or hourly rates.

Next, you want to make sure you avoid scammers because they exist and have been known to pose as professional financial planners. Do research on the financial planners you are interested in before signing or agreeing to any deals. Common red flags include:

  • Promising you wealth without any work
  • Too good to be true deals
  • Exaggerated services

If you have doubts or concerns, then consult with a lawyer about whether the personal financial planner you are interested in is legit. Remember, you are the one who has the control to choose the financial planner that best matches you.


If you are struggling financially, then consider reaching out to our lawyers in Chattanooga, Tennessee and North Georgia about any concerns you may have about bankruptcy. Call Tom Bible Law at (423) 690-7712 to speak with a Bankruptcy Lawyer in Tennessee for a free consultation today. Our team of Tennessee bankruptcy attorneys is located in Chattanooga and Tullahoma.

Related Posts
  • Dealing with Repossession: Your Rights and Remedies Read More
  • Navigating Medical Debt in Bankruptcy: What Are Your Options? Read More
  • Exploring the Differences: Chapter 7 vs. Chapter 13 vs. Chapter 11 vs. Chapter 12 Bankruptcy Read More