How to Make Your Choice for Your Financial Advisor/Planner
First and foremost, to get us going, we need to mention the fact that financial planners go by various titles such as where you find some calling themselves financial planners, financial advisors, investment advisors and financial consultants to mention but a few of the titles that they use for reference to their profession. Besides this, one needs to as well be aware of the fact that financial planners as well have such a wide set of training background, qualifications and experience as well in their practice. Though, most of the financial planners have indeed taken and passed the courses and examinations related to financial planning and as such hold titles as given by the examining bodies or the industry regulators. Plus, there are some of the financial advisors who have been licensed by the authorities, the securities regulators to sell investments and provide advice on investments. Some are further licensed to sell insurance and have with them designations allowing them to practice accountancy and estate planning. Given all these facts, it is a fact that when it comes to the need to settle for a financial planner for your needs, there are quite a number of things and points that you need to think through and over. These happen to be as we have taken a mention of under.
What you need to ensure that you have done first is the need to be as clear in mind in your financial goals and needs. Basically, you will need to ensure that you settle for a deal with a financial advisor who will be able to meet your financial objectives and needs. In this respect, should your interest be in finding the best tips in so far as investment advice goes, then you need to ensure that you are dealing with a financial planner who is registered with the state’s securities agency or regulator. On the other hand if your interest is in insurance, then you need to find one who is licensed for insurance advice.
Should you happen to be having some referrals from any of the trusted sources you know of, then this is a plus indeed but you need to have this backed by taking a look at the qualifications of the particular financial planner. Ensure that you have verified their credentials and call their professional associations to confirm if at all there is any complaint or disciplinary action taken or pending against the potential candidates. It is as well important that you take a look at the databases at the securities commission so as to get to know more on the qualification of the financial advisor you have in mind.