How to Find a Financial Advisor

December 29th, 2020 by

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Finding a financial advisor might not seem like the most important thing to do, but if you are investing or thinking of retiring, they may be an asset. 

Here are some important steps to finding a financial advisor, According to The Balance.

Different Types of Financial Advisors

  1. A Financial Planner helps with all of your financial life, including how much you should be saving and other needs, like insurance.
  2. Investment Services Focuses on your investment strategies and which funds to invest in.
  3. Retirement Planning helps with all aspects of retirement, from Social Security to taxes, to allow for a retirement paycheck once you stop working.

Related: How to Create an Emergency Fund

Find a Credentialed Advisor

They should have a CFP (Certified Financial Planner), PFS (Personal Financial Specialist), CFA (Chartered Financial Analyst) certificate. 

Also, you may want to look into one that belongs to The National Association of Personal Financial Advisors, which is a fee-based group dedicated to continuing education beyond their credentials. 

Questions to Ask

You should consider understanding how they prefer to work with their clients, as well as how long they have been active. Whether or not they have a strategy for their planning is a good conversation to have, also. 

 


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