Tips for Choosing a Financial 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. Apart from this, you need to be aware of the fact that the financial planners as well can have varied training, qualifications and experience. However most of them have taken and passed various examinations and courses relevant to financial planning and as such hold designations as given by the examining bodies or regulators in the industry. There are as well some of them who have been licensed by the securities regulators to sell investments and or provide investment advice. Further to this is the fact that there are some of the financial advisors who are even licensed to sell insurance and as such hold designations in accountancy as such can provide accountancy services and as well practice in real estate planning. Looking at all these, it is as such a fact that when it comes to the choice of a financial planner, you need to have some things pondered over and well thought out. The following are some of the things that you need to have well thought of and determined before you make a decision over any financial planner to deal with.
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. You need to ensure that you pick one who will be suitable enough to meet your goals 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 you are looking for advice on insurance, then you will be best advised to settle for the financial planner who has been licensed for insurance advice.
Where you happen to have some referrals from friends and relatives, workmates and acquaintances, this will be a great boost to your search but you need to make sure that you have this backed by taking a preview as well to their qualifications as well. 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. In order to get a better idea of the qualification of the particular financial planner, it is so advisable to take a look at the securities commission database.