Seeking a financial advisor? Learn how to choose a partner for investment management, estate planning, and more to prepare for generational success.

Tips on Finding a Financial Advisor for the Long Haul

Financial Planning

Investing

Tax Planning

Notice: The content of this post is over two years old, information may not be up to date.

How do you find a financial advisor? Not that differently than how one would find a therapist. Money is very personal and finding a professional that is an expert in their field isn’t enough—you need trust. It’s not as simple as finding someone to file your taxes and manage your portfolio for one year. Working with a financial advisor can set you and your family up for generations of long-term growth. Investment management, estate planning, education planning, philanthropy, tax planning—these services are barely scratching the surface of areas of support that a financial advisor would impact in your life.

So, how do you find this very experienced and trustworthy partner? We gathered up some tips from people like you that are in need of a financial advisor but feeling lost on where to start.

‍Define Your Financial Goals:
Before you start your search for a financial advisor, take some time to define your financial goals. Are you looking to invest for retirement, save for your child’s education, or simply manage your day-to-day finances more effectively? Knowing what you want to achieve will help you find an advisor with the right expertise. ‍
Understand Different Types of Advisors:
There are various types of financial advisors, including Certified Financial Planners (CFPs), Registered Investment Advisors (RIAs), and brokers. Each has a different set of qualifications and responsibilities. Research these types to understand what suits your needs best. ‍
Ask for Recommendations:
Reach out to friends, family, and colleagues for recommendations. Personal referrals can be a great way to find a trustworthy financial advisor who has a track record of helping people achieve their financial goals. ‍
Check Credentials and Qualifications:
‍Ensure that the advisor you’re considering is properly licensed and registered with the appropriate regulatory bodies. Look for credentials such as CFP, CFA, or CPA, as these indicate a higher level of expertise and professionalism. ‍
Ask About Fees and Compensation:
‍Understanding how your advisor gets paid is crucial. Some charge a flat fee, while others earn commissions from financial products they sell. Make sure you’re comfortable with their fee structure and that it aligns with your financial goals. ‍
Check for Fiduciary Duty:
‍A fiduciary duty means that the advisor is legally obligated to act in your best interests. Ensure that your advisor is a fiduciary, as this can significantly impact the quality of advice you receive. ‍
Trust Your Instincts:
‍Ultimately, go with your gut feeling. Choose an advisor you feel comfortable with, as you’ll be sharing personal financial information and working closely with them for an extended period.

Our dedicated team can provide guidance and answer any questions you may have about working with a financial advisor. Reach out to us today to continue this rewarding conversation.

A checklist with points on how to find a financial advisor.

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