Find a Financial Coach (2024)

FAQs

What is the average rate for a financial coach? ›

Rates for financial coaches can vary, but hourly rates of $100 to $300 are fairly common. Annual packages with a financial coach may run into the thousands of dollars, so you'll want to have specific goals in mind when you start working with a coach so that the costs don't become a financial burden.

A coach can help you unearth what drives your financial decisions, so you can create a healthier attitude that leads to better money habits. Feeling overwhelmed? If thinking about money is stressful, it may help to talk with a financial therapist.

You can find a financial coach through the NFEC who has expert-level knowledge in a certain area; these coaches also provide a conduit to niche financial industry experts in other fields when you need specific guidance. For example, if you're anxious about selecting a retirement plan, the NFEC has an expert to help.

Base Ramsey Financial Coach Salary

As a Senior Financial Coach at Ramsey Solutions, you could be looking at a base salary ranging from $73,000 to $125,000 per year, with an average base salary of around $96,000. The top earners in the field can make between $200,000 to $400,000 a year.

Financial advisors manage money for clients, often in the form of managed investment portfolios. Financial planners provide comprehensive money management services, including advice on saving, investing, and taxes. Financial coaches are money experts that provide reliable advice to help you manage your own finances.

While hiring a life or executive coach can be a powerful solution to help you solve personal or business issues or attain goals, it's not a miracle fix. Working with a coach is likely not worth the money when you: Want someone to listen to your problem and explore your feelings. You may need a therapist instead.

Financial coaching never provides specific securities or investment market recommendations because that is the role of a financial adviser who manages the wealth you already built.

Help you uncover your financial goals. Work with you to make a plan (so you'll actually achieve them) Hold you accountable to your plan (with a budget that works) Help you change your money behaviors.

Edward Jones serves as an investment advice fiduciary at the plan level and provides educational services at both the plan and participant levels, if applicable.

Whatever our clients' backgrounds and ambitions, we offer education and advice that empowers them to build their preferred future. We're committed to providing extensive, personalized support to help people gain the knowledge they need to make confident financial decisions.

At what net worth should I get a financial advisor? ›

Very generally, having between $50,000 and $500,000 of liquid assets to invest can be a good point to start looking at hiring a financial advisor. Some advisors have minimum asset thresholds. This could be a relatively low figure, like $25,000, but it could also be higher, such as $500,000, $1 million or even more.

On average, financial coaches charge between $150 and $300 per 1-hour session. However, there is a big range because all money coaches set their own fees for their services. Costs can vary depending on their level of experience and expertise, geographical location, and the way they package their services.

Entering the realm of financial coaching through the Ramsey Financial Coach Master Training program entails an investment. While the average cost of around $4,000 may appear daunting initially, a detailed examination of what this comprehensive certification encompasses is worthwhile.

The 2023 ICF Global Coaching Study also has a section on global rates by coaching specialisation. I've used the data for their 'personal' specializations such as Career, “Life, vision & enhancement”, etc, to work out a more accurate global 'personal' coaching rate as $163 / ~£130 per hour.

Life coaches who charge by the hour typically range from $75 to $250 per session. In most cases, the life coach will require a minimum number of sessions (usually three to six) in order to help you achieve your goals.

The average fee for a financial advisor generally comes in at about 1% of the assets they are managing.

Each certification comes with its unique benefits. For instance, the AFC credential from AFCPE ranges from $1,300 to $1,500, while Dave Ramsey's Financial Coach Master Training costs about $4,000. However, the latter includes marketing tools and mentorship, which can be invaluable for budding financial coaches.