, DE (PressExposure) June 01, 2009 -- More and more Americans are turning to the newly available online services offering personal financial advice [http://onlinepersonalfinance.wetpaint.com/page/online+personal+finance], to determine the right ways in which to invest their assets and manage their respective household incomes. These online services have become all the more attractive with the world economy undergoing the current crisis, and with many middle class Americans losing their jobs, or facing the possibility of it.
While there are many types of financial planning advisors on the market â from banks, to insurance companies and specialized investment management firms â seeking such professional guidance in its traditional form may prove too costly for most. Traditional Personal financial advisors regularly charge more than $ 1,000 for a session, conducted either by phone or in person, and continue to charge commissions off funds invested through their service.
Alternatively, online-based services for receiving personal financial advice may use the latest technologies, including artificial intelligences engines that enable advisors to process clientsâ information faster and with less labor, so as to pass on inherent savings to consumers. As more reputable financial advisors join these enterprises, online personal finance services present better and accessible value to millions of Americans.