Who Can I Trust?

money man

Page 10 of 13

Having a financial plan is the key to building wealth. A financial planner has the knowledge and expertise to guide you through this process. How do you choose someone you can trust to have your best interest at heart? Here are a few tips.

Know your priorities.

Understand your life stage and what’s important to you and your family. To find a planner who specializes in your area of need, you have to know where you are and where you want to go.

Credentials matter.

Look for a Certified Financial Planner or certified Personal Financial Specialist. For a list of planners in your area, visit the Financial Planning Association’s website.

Comparison shop.

Interview several financial advisors before you settle on one. Ask about expertise, rates and anything else you want to know before setting an appointment. A reputable planner will offer references to verify quality of work and overall customer satisfaction. Here's a list of possible questions to ask a financial planner.

Be honest.

Your planner’s advice is only beneficial if you’re open and honest about your situation. Be truthful about your finances, goals, risk tolerance and philosophy.

Speak your mind.

Don’t be too embarrassed or intimidated to ask questions. Knowledge is power, so ask for clarification if you just don’t get it. If you need more time to make a thoughtful choice, say so.

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