To start us off, we need to mention the fact that financial planners actually assume varied titles and these are such as where you will find them going by the references such as financial advisors, financial consultants, investment advisors and such like titles. 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. In spite of this, the fact is that most of the financial planners have actually taken and passed the courses and exams as relevant to the practice of financial planning and advisory services and as such have titles as granted by the relevant bodies or authorities examining the profession. Added to this is the fact that there are some of the financial advisors who happen to be licensed by the securities regulator bodies to sell investments and as well provide advice on investments. 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. 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.
First and foremost, you need to understand well enough 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. For instance take a case where you are looking for a financial advisor and your interests are in finding the best investment advice, then you need to make sure that you are getting down for the services of the financial advisor who is registered with the securities regulator. On the other hand if your interest is in insurance, then you need to find one who is licensed for insurance advice.
If you have any referrals from any of your trusted sources, then this is a plus but you need to back it with a look at the qualifications of the 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. You can as well use the databases from the securities commission to tell more on their qualifications.