Comments on: 10 Characteristics your Financial Planner Must have

By: financial advisior

financial advisior — Fri, 11 Jun 2010 04:43:21 +0000

Ya all points are great. But what after heiring advisor. there are some question that we have to ask after heiring them:
Here are the most important questions to ask the advisor:

* How long have you been a financial advisor?

* What makes you a good financial advisor?

* What’s your educational background and what licenses, credentials, and other certifications do you have?

* Have you ever been disciplined by the NASD or any regulatory agency during your career?

* What type of client do you specialize in?

* What services do you and your firm offer?

* Do you create a written financial plan, and if so is there a cost?

* Do you spend time educating your clients about money?

* How do you service your clients?

* How do you charge your clients (commission, fee-based, fee only, combination plan)?

* How many clients do you have and how much money do you manage?

By: Kristin Harad

Kristin Harad — Wed, 27 Jan 2010 20:34:48 +0000

Great advice on finding a planner. I would add that Personality fit is often an over-looked factor. You want to make sure that you share the same basic philosophies with your planner. For example, if your planner is going to insist that you cut out your lattes each day, but you find them to be a $3 slice of heaven, you may not agree on larger issues either.

By: Evgeniy

Evgeniy — Tue, 29 Sep 2009 15:25:54 +0000

Interesting. financial planner is good. financial planner + intuition is the best.

By: Rhea

Rhea — Sat, 19 Sep 2009 12:52:12 +0000

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Rhea S.

By: Investing 101

Investing 101 — Sat, 25 Jul 2009 12:41:43 +0000

I believe that you have better returns if you let a pro handle your financial decisions especially if you are a beginner but it is best to use a reputable firm rather than an individual. Also, make sure you understand how they are paid. If you don’t, then you might be tricked into purchasing something that isn’t good for you just because it makes them more money.

By: Brian

Brian — Wed, 18 Mar 2009 12:04:34 +0000

I recently used AllFinancialAdvisors.com to help me find a Fee-Only financial advisor. This is the first time I have used a planner. Happy so far! I was able to narrow down my serch and request a specific advisor to contact me.

By: G.E. Miller

G.E. Miller — Tue, 13 Jan 2009 20:40:38 +0000

@Ace – thanks for catching the typo, and I agree, they wouldn’t be my first choice – but many of them do try to cross into financial management territory (not always necessarily investing).

By: Ace

Ace — Tue, 13 Jan 2009 20:16:15 +0000

CPA= Certified Public Accountant, FYI. And a lot of CPAs do not know anything about investment strategies.

By: Financial Planning for Expectant Parents

Financial Planning for Expectant Parents — Mon, 12 Jan 2009 22:35:34 +0000

excellent advice on finding a financial professional to advise you. I would add that you should try to find a planner who is at about your same life stage so that they have a good understanding of where you are and where you want to be. For instance, I have two young children and my whole practice is geared towards new and expectant parents. I am highly tuned into the challenges that come with a growing family and can closely relate to my clients. On the other hand, I wouldn’t take on a client who is nearing retirement, since I don’t have as much insight to their goals and worries.

By: Craig

Craig — Mon, 12 Jan 2009 18:58:33 +0000

Nice list you developed. I think not getting financially involved with friends or family for basically most financial situations is good advice. Always hard to separate the two when the time finally comes where a situation arises.