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Finding the right financial advisor is an essential step for any individual or business seeking guidance on how to grow their investments, create a budget, manage their taxes, and more. The advisor you choose can make or break your financial future, so it’s important you select the right one for you.
First, ask friends and family for suggestions. Chances are someone you trust knows a financial advisor they would recommend. Or, do some research online to find local and national advisors who work with individuals and businesses in similar fields.
Then, interview several candidates from your initial research. All advisors should have credentials, such as a Certified Financial Planner (CFP) designation, and memberships with professional organizations like the National Association of Personal Financial Advisors (NAPFA). Be sure to dive deeper by asking them questions about their qualifications, experience, services they provide, fees they charge, and more.
Next, check references. Speak with past and current clients to learn more about the kinds of strategies used by the advisor and their satisfaction with their results. Also request to see examples of portfolios the advisor has managed and be sure to verify their claims with a third party source.
Ultimately, pick someone who understands your needs and is willing to take the time to explain finances in terms you can understand. It’s also important you feel comfortable being open about your financial goals with this advisor in order for them to help guide you successfully.
First, ask friends and family for suggestions. Chances are someone you trust knows a financial advisor they would recommend. Or, do some research online to find local and national advisors who work with individuals and businesses in similar fields.
Then, interview several candidates from your initial research. All advisors should have credentials, such as a Certified Financial Planner (CFP) designation, and memberships with professional organizations like the National Association of Personal Financial Advisors (NAPFA). Be sure to dive deeper by asking them questions about their qualifications, experience, services they provide, fees they charge, and more.
Next, check references. Speak with past and current clients to learn more about the kinds of strategies used by the advisor and their satisfaction with their results. Also request to see examples of portfolios the advisor has managed and be sure to verify their claims with a third party source.
Ultimately, pick someone who understands your needs and is willing to take the time to explain finances in terms you can understand. It’s also important you feel comfortable being open about your financial goals with this advisor in order for them to help guide you successfully.
