Finances can be overwhelming. In today’s economy, it seems like everyone is struggling to save and secure a sound financial future. With so many factors to consider, it’s easy to become confused. It is for these very reasons that many individuals turn to financial planners to assist them in making the best decisions for a successful future. How will you find the financial advisor that is right for you? Here are a few things to be mindful of when seeking out professional financial guidance.
Stick with the Professionals
Anyone can claim to be a financial planner, but that doesn’t make them qualified. You want to find a knowledgeable, ethical advisor who will guide you with professionalism. Find out what certifications your potential financial planner has obtained. Don’t be afraid to ask what all those fancy letters and acronyms after their names mean. Take the time to talk to him and find out what education was required to obtain his certifications.
Understand Your Needs
Not all financial planners offer the same services. Some advisors may focus on investments and retirement, while others make take an all-inclusive, 360 degree approach to financial planning. Know what you expect from your financial advisor so that you can find the right match for your own needs.
Understand What They Do
Is financial planning your potential advisor’s sole occupation? Some planners wear multiple hats, with their primary careers in tax accounting or insurance sales. Understanding that these types of financial planners may have other incentives is important when selecting a financial consultant. Your best interests should be top priority with your advisor.
Go with your Gut
Sometimes you just know. Does your potential advisor make you feel comfortable? You should be able to trust your advisor. Pay attention to what your consultant is saying to you. Be wary of those who are vague about their investment results or what it is that they will do for you. Is your financial planner accessible? Your planner should be up front about how often you will meet, and should be able to get back to you in a reasonable amount of time.
Finding the right financial planner for you can seem intimidating. You deserve a professional, ethical planner who values you as a client and meets all of your needs. Remember these key points when seeking out your advisor, and look ahead for a successful financial future.