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How to Choose a Financial Adviser

There comes a point when many of us realize we need help managing our money. So what’s the best way to choose a financial planner?

There comes a point when many of us realize we need help managing our money. So what’s the best way to choose a financial planner? Where do you find one, how do you know if they’re right for you, and how do you get your money’s worth?

Look for the credentials “C-F-P,” which means they passed a rigorous test to become a “certified financial planner.” Ask if they’re a fiduciary, which means the planner has pledged to act in your best interest.

Be wary of financial planners who earn their living from commissions. They may steer you towards funds that benefit “them” more than you. If your assets aren’t huge, consider someone who charges either a flat fee or charge by the hour. These planners are best when your needs are simple.

Looking For Investment Guidance? Make Sure To Do Your Homework 

"Protect Yourself From Dishonest Investment Advisers"

As you get older or wealthier, your financial goals and options get more complicated. Financial planners with high-asset clients often charge an annual fee, usually 1% of all your assets.

Ask for references from current or former clients. And be extra cautious if a financial planner brags about beating the market. No one can guarantee that….what you want is someone who can give you advice on a range of financial isses-- and, help you keep your shirt when the market tanks!

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