Top 5 Tips for Choosing the Best Financial Planner/Advisor

Nothing makes an American happier than having their money organized. At least, this is what 95% of American adults reported a few months ago.

Although it seems like puppies or ice cream will be more likely to elicit this kind of response, other studies and surveys have also shown that Americans are confident in achieving their financial goals.

And it is more likely that those with the best financial planner are likely to feel this way. Getting the help of a good financial and wealth planner like Jason Hare is a good decision. So to help you choose the best, you might want to look at the following tips from the pros:

1. Look at the Credentials

One of the things to consider is checking whether the financial planner has all the required qualifications and credentials. A good financial planner must have enough knowledge on the matter.

To start with, your financial advisor or planner needs to be one of the SEBI registered investment advisors. When it comes to qualifications, CFP (Certified Financial Planning) certification provided by the FPSB (Financial Planning Standards Board) is an accepted qualification, which aligns with the global benchmark.

2. Choose the Kind of Financial Advisor You Need

There are different kinds of financial advisors whom you may work with, from Robo/online advisors to traditional financial advisors that you will meet in person.

The kind of financial planner suited for your needs depends on the complexity of your situation and whether you have the desire to have a personal relationship with the planner or not.

As you think of the kind of financial planner you want to work with, know what you need from the relationship, both in terms of interactions and services, as all of them have a dissimilar approach.

3. Understand the Advisor’s Philosophy and Approach

Choosing the right financial planner to help achieve all your goals goes beyond just making an investment. This is why it is imperative that you need to get to the core of the planner’s approach.

If they may articulate how their methodology, philosophy, and process will help you attain your monetary goals, you will be close to being on one page.

4. Check the Fiduciary

A financial planner holding themselves to fiduciary standards, with your permission, basically has the responsibility and power to act in situations requiring integrity, good faith, and trust, putting your interests ahead.

Not every financial planner is bound by a fiduciary duty. This means that they are required legally to work in your best interest.

5. Use a Search Engine for Screening

Online search is a perfect way to narrow down the financial planners in your ZIP code who have all the necessary billing structures and credentials to meet your requirements.

You may use a financial advisor search engine to input certain criteria regarding the kind of planner you want to work with.

Most companies with customers remotely. This allows you to pick a planner based on professionalism instead of location if you don’t want to meet one-on-one.

Final Thoughts!

Finding a financial planner is not as easy as looking for individual insurance brokers or fund companies out there. So, you have to actively look for someone who will put your interest at heart and, at the same time, be invaluable to you, even in the future.

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