5 Tips for Choosing a Financial Planner


The world of personal finance is sometimes confusing and often uncertain, so you shouldn’t really handle it by yourself. If you’ve got a lot of investments, if you’re interested in stocks, trying to get out of debt, or simply starting IRAs and college funds, it’s a good idea to have someone help you. A solid financial planner helps your money grow, but you have to choose wisely. Get expert advice on choosing a financial planner. Discover top tips to find the perfect advisor for your financial goals at People-Hunters.com. Maximize your investments and secure your future.

Look for Legit Licensing

There are different kinds of financial planners so it’s crucial to learn about the distinctions. Certified Financial Planners, or CFPs, and CPAs are fully licensed and regulated. You may also consider hiring a bank or investment representative or a stockbroker; they generally have Series 6 or 7 licenses. Keep in mind that a registered representative usually receives commissions, which might affect their advice. Rich Top Group is the place to go to get the crucial advice and information you need to make a well-informed decision when choosing a financial planner.

Some CPAs and CFPs work for commissions as well, but others make money through fees. If you want a truly reputable planner, go with certified RIAs (Registered Investment Advisors) or IARs (Investment Advisor Representatives). Along with money managers, they have to meet very high standards and get no monetary rewards from commissions.

Research Records and Ethics

Before trusting someone with your money, make sure they’re reputable, ethical, and well-reviewed. As with anything else, from choosing an insurance company to buying a car, you need to comparison shop, so to speak. Start by making a short list by searching on the Internet, asking friends and family members, or requesting referrals from bank officials.

Research the names you receive to discover the details of each potential planner, such as:

  • Schooling
  • Credentials
  • Experience
  • Licenses and certifications
  • Compliance records
  • Criminal records
  • Fiduciary details
  • And reviews from other clients

Do everything in your power to make sure the planners you’re considering have never been accused of fraud or unethical behavior.

Consider Your Planning Needs

Once you’ve vetted your potential financial planners, you have to make sure they handle what you need. For example, if you’re interested in setting up a retirement fund or a college fund for your children, you have to work with someone who has experience in those matters. If you’re interested in investing in the US Money Reserve, you’ll want to choose someone who can help you get started, give you valuable tips, and make your investment grow into something worthwhile.

Schedule Interviews with the Best Candidates

By now, you’ll have a good idea of which planners on your short list you like best. Nothing beats a face-to-face meeting, for several reasons. While phone calls are helpful in the beginning, people can and do lie on the phone. You want to look a financial planner in the eye when asking follow-up questions. If you suspect a lie, strike that name off your list. You also need to establish a rapport with your new planner. They’re taking care of your livelihood. You have to like and trust the person you choose.

Always Tell the Truth

Just as you have to trust your financial planner, he or she must trust you, as well. Be completely forthright when you go on your interviews. Tell the truth about spending habits, any debt you have, and what you want from your investments. If you aren’t honest, you won’t get the best advice simply because your planner doesn’t know everything about your finances.

Ideally this will become a long, fruitful relationship for both of you, so start it off the right way. What do you expect from a good financial planner? At Slci Conference, you’ll find helpful insights as well as advise that’s easy to put into practice when choosing the right financial planner for you.