Tips on choosing a financial planner


Choosing the right financial planner to handle one’s assets can be quite hard given the fact that there are so many financial planners but the first thing that is worth looking into is the certification of the financial planner and it is better to be able to select a financial planner that is certified by a recognized body or that has gone to school in a reputable college or university. There are various associations that cater to clients directly and have a strict modus operandi in that they do not take commissions and they are based on a fee-only model and they have a code of conduct that states that they will act in the best interests of the client an thus they are an excellent choice for any investor. There is another network of planners that has certified their planners and they have a commitment to make themselves available to clients with small projects on an hourly fee and they either have a requirement that all their members are certified or working on being certified. Due to their revenue model, they are an excellent choice for the first time investor that wants to ask for some investment advice without breaking the bank.

After checking the qualifications of the planner, the person can ask for references from family, work colleagues and relatives that might have used the services of a financial planner from before and what their experience was. If the person is unable to get any real references, they can conduct an online search for financial consultants that operate in their area and then look at the reviews that their customers have given them so that they can gauge the quality of their services and tell if they will meet their financial goals.

The experience of the financial advisor is also important since the more experienced a financial planner is, the more qualified they are able to handle the financial needs of the client and advise them on the right investment options depending on their goals while stating the merits and demerits of each investment tools based on how they have seen the investment vehicle behave in the past.  Watch to learn more about financial planning.

The other thing to look into is the pay structure of the planner because the client should avoid commission-based advisers that at times may have may have their motives in pushing certain investment options on a customer that will guarantee them a large commission such as a life insurance policy or a mutual fund, more info here!


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