Learn How to Choose a Financial Advisor

Learn How to Choose a Financial Advisor

I’ve seen in my a lot of helping those with their investments that there looks like it’s two kinds of financial advisors. The first kind is the person who will say or do anything to make a buck off of you. Sadly, that is the majority of advisors on the market. They’re interested in selling you whatever product will earn them the very best commission, no matter if it suits you.

The other type of advisor may be the person who truly does worry about your preferences. But even those advisors will disagree on the best course of action to suit your needs. More on that in a very second.

So how will you distinguish between the advisor who just wants to produce a buck off of you and the one that cares? My best advice is don’t take anything at face value. Do your research. Meet with the possibility advisor and look at your objectives. Treat this being an employment interview when your advisor is a staff member. Read my special set of financial advisor warning flags (see bottom of the article to get a URL to the report) that may help you get rid of the bad ones. Screen your ones who try and hide information from you or try to hype up any particular investment.

wise and attentive people will have unique opinions about a good investment.

After you’ve narrowed down their email list, it’s time to select the advisor who best matches your values and objectives. And this can be probably the most difficult – and most important – task.

Very smart, thoughtful, and caring advisors will surely have unique opinions on the constitutes a good investment. Let’s utilize the variable annuity for example. I’ve written extensively about the problems I see with variable annuities. Every …

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