With so many options out there, choosing a financial advisor who is right for you can be difficult. There are a few key qualities you should look for when narrowing down your options to find the best fit.
What to Look for When Choosing a Financial Advisor
When choosing a financial advisor, you should look for someone who is:
-Fee-only: A fee-only financial advisor charges only for their services—not commissions or other fees that may create conflicts of interest. With this arrangement, you can be sure that your advisor is working in your best interest.
-CFP® certified: Certified Financial Planner™ professionals must complete rigorous coursework and exams to earn their designation. They also agree to uphold the CFP Board’s Standards of Ethics and Professional Conduct, which requires them to put their client’s interests first.
-A good fit personality-wise: It’s important to feel comfortable with your financial advisor and to be able to trust them. Schedule an initial meeting with any potential advisors on your shortlist to better understand whether they’re someone you could work with long-term.
Do your research and take your time when choosing an advisor. This is someone who will be helping you make major financial decisions, so it’s important that you feel confident in their abilities and comfortable communicating with them. With these tips in mind, you should have no trouble finding the right .