OK, today we’re going to talk about how to get ahead financially by finding the right financial advisor.
With the volatility in today’s markets and the huge number of choices available in equities and mutual funds, it’s almost impossible for us to securely and profitably manage our own investments.
Your best solution is to hire a financial advisor. But choosing the right one isn’t easy either.
Hopefully, these 3 questions will help you make the right choice (watch the video or read on).
- What’s your experience & qualifications?
Look for someone who has enough experience in both both ups and downs in the market. Insist on experience in actual planning, not just sales. Someone with the Certified Financial Planner (CFP) designation is a good place to start.
- What’s your investing philosophy?
Look for someone who is sensitive to your risk tolerance and invests for the long term. A good advisor should be willing to educate you about the process. Once you understand the reasoning behind the various choices your will put your mind at ease.
- How are you paid?
Advisors either earn commissions paid by fund companies or are paid by you for advice. The downside of commission-based advisors is that their recommendations may not be totally unbiased. But paying a fee for each transaction can be more expensive over the long term.
If you’d like help choosing an advisor, I can recommend one of my trusted local contacts who’d be happy to provide a free assessment of your investment needs.
For more information, call me today!
Your trusted mortgage advisor for life,
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