What to Look for in a Financial Advisor

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When you are ready to hire a financial advisor, you must do your research and find someone that you can trust with your finances. Here are 10 things to look for when you are searching for a financial advisor:

  1. Check their credentials:

When you are looking for a financial advisor, you will want to make sure that they have the proper credentials. You can check with the Financial Industry Regulatory Authority (FINRA) to see if the advisor is registered and if they have any complaints against them.

  1. Ask about their experience:

You will also want to ask the financial advisor about their experience working with clients. Find out how long they have been in business and what kind of clients they typically work with. You will also want to find out if they are a Certified Financial Planner and whether they have any other credentials. When you have questions, you will want to make sure that you can contact the financial advisor anytime, day or night. You should also be able to find out if there is a telephone helpline or if they are available by email.

  1. Inquire about their fees:

Another important thing to consider when you are looking for a financial advisor is how they are compensated. Some advisors charge by the hour, while others may charge a commission on the products that they sell. Make sure you understand how the advisor is compensated so you can make an informed decision.

  1. Find out what services they offer:

When you are looking for a financial advisor, you will want to find out what services they offer. Nathan Garries may only offer investment advice, while others may offer a full range of financial planning services.

  1. Determine if they are fiduciary:

A fiduciary is someone who is legally obligated to act in your best interests. Make sure you find out if the financial advisor you are considering is a fiduciary.

  1. Ask about their investment philosophy:

When you are looking for a financial advisor, you will also want to ask about their investment philosophy. This will help you determine if their investment strategies are aligned with your goals.

  1. Inquire about their process:

Another important thing to consider when you are looking for a financial advisor is their process. Find out how they make investment decisions and how they monitor your portfolio.

  1. Determine if they offer other services:

In addition to investment advice, some financial advisors also offer other services such as tax planning and estate planning. Make sure you find out if the advisor you are considering offers these services.

  1. Ask about their communication style:

When you are looking for a financial advisor, you will also want to ask about their communication style. Find out how often they will communicate with you and what methods they will use.

  1. Inquire about their references:

When you are looking for a financial advisor, you will also want to ask for references. Find out if the advisor you are considering has any satisfied clients that you can speak with.