Comments on: 10 Characteristics your Financial Planner Must have http://20somethingfinance.com/how-to-choose-a-financial-planner/ Personal Finance Blog for Young Professionals Wed, 08 Feb 2012 12:45:12 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Detroit Financial Planning http://20somethingfinance.com/how-to-choose-a-financial-planner/comment-page-1/#comment-20459 Detroit Financial Planning Mon, 02 May 2011 21:50:15 +0000 http://20somethingfinance.com/?p=804#comment-20459 Getting a financial planner was the best thing I ever did for my family. It has saved me so much time, money, and frustration. Once you do the leg work and find a good one, the benefits are amazing. Getting a financial planner was the best thing I ever did for my family. It has saved me so much time, money, and frustration. Once you do the leg work and find a good one, the benefits are amazing.

]]> By: MoneyGeek http://20somethingfinance.com/how-to-choose-a-financial-planner/comment-page-1/#comment-20199 MoneyGeek Thu, 14 Apr 2011 13:54:45 +0000 http://20somethingfinance.com/?p=804#comment-20199 You may want to ask, what did you do before this? Because there are green advisors too who were once doing something that required no education and then decided to get a Life Insurance license and call themselves a financial advisor. Make sure they have the right credentials. At the very minimum a Series 7 Securities license. That at least means they SHOULD understand investments. Who manages your finances? If they talk the walk, they should walk the walk. Get to know them. Think about it this way. Are they the kind of people who you know would be there for you and your family in your worst times? Are they your advocate? You may want to ask, what did you do before this? Because there are green advisors too who were once doing something that required no education and then decided to get a Life Insurance license and call themselves a financial advisor.
Make sure they have the right credentials. At the very minimum a Series 7 Securities license.
That at least means they SHOULD understand investments.

Who manages your finances?
If they talk the walk, they should walk the walk.

Get to know them. Think about it this way. Are they the kind of people who you know would be there for you and your family in your worst times? Are they your advocate?

]]> By: MoneyGeek http://20somethingfinance.com/how-to-choose-a-financial-planner/comment-page-1/#comment-20197 MoneyGeek Thu, 14 Apr 2011 13:50:07 +0000 http://20somethingfinance.com/?p=804#comment-20197 That's what my friend's husband said. Then he died suddenly and my friend and her family tried advisor after advisor to find out who they could trust. If you're looking for someone to take care of your finances and your loved ones just as you would. I highly recommend that you start developing relationships you could trust early on. Life happens and gets in the way of our brilliant long term plans! That’s what my friend’s husband said. Then he died suddenly and my friend and her family tried advisor after advisor to find out who they could trust.
If you’re looking for someone to take care of your finances and your loved ones just as you would. I highly recommend that you start developing relationships you could trust early on. Life happens and gets in the way of our brilliant long term plans!

]]> By: financial advisior http://20somethingfinance.com/how-to-choose-a-financial-planner/comment-page-1/#comment-12986 financial advisior Fri, 11 Jun 2010 04:43:21 +0000 http://20somethingfinance.com/?p=804#comment-12986 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? 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 http://20somethingfinance.com/how-to-choose-a-financial-planner/comment-page-1/#comment-7084 Kristin Harad Wed, 27 Jan 2010 20:34:48 +0000 http://20somethingfinance.com/?p=804#comment-7084 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. 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 http://20somethingfinance.com/how-to-choose-a-financial-planner/comment-page-1/#comment-4695 Evgeniy Tue, 29 Sep 2009 15:25:54 +0000 http://20somethingfinance.com/?p=804#comment-4695 Interesting. financial planner is good. financial planner + intuition is the best. Interesting. financial planner is good. financial planner + intuition is the best.

]]> By: Rhea http://20somethingfinance.com/how-to-choose-a-financial-planner/comment-page-1/#comment-4614 Rhea Sat, 19 Sep 2009 12:52:12 +0000 http://20somethingfinance.com/?p=804#comment-4614 I am Rhea S. I have visited your website and I would like to congratulate you on building such a valuable online resource. I am sure your visitors find your site as useful as I did. Have a great day. Thanks and regards, Rhea S. I am Rhea S. I have visited your website and I would like to congratulate you on building such a valuable online resource. I am sure your visitors find your site as useful as I did.

Have a great day.

Thanks and regards,

Rhea S.

]]> By: Investing 101 http://20somethingfinance.com/how-to-choose-a-financial-planner/comment-page-1/#comment-4194 Investing 101 Sat, 25 Jul 2009 12:41:43 +0000 http://20somethingfinance.com/?p=804#comment-4194 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. 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 http://20somethingfinance.com/how-to-choose-a-financial-planner/comment-page-1/#comment-3220 Brian Wed, 18 Mar 2009 12:04:34 +0000 http://20somethingfinance.com/?p=804#comment-3220 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. 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 http://20somethingfinance.com/how-to-choose-a-financial-planner/comment-page-1/#comment-2378 G.E. Miller Tue, 13 Jan 2009 20:40:38 +0000 http://20somethingfinance.com/?p=804#comment-2378 @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). @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).

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