Tips for Choosing a Financial Planner
As we start out in this post, we need to make mention of the fact and as such clarify the fact that the financial planners often assume a number of titles for their professional designation and these include titles such as financial advisors, investment planners or advisors, financial consultants just to highlight but a few of these titles that they so assume. On top of this, you need to be aware of the fact that the financial planners can as well be as varied in so far as their training, qualifications and experience go. In spite of this, the fact is that most of the financial planners have actually taken and passed the courses and exams as relevant to the practice of financial planning and advisory services and as such have titles as granted by the relevant bodies or authorities examining the profession. Plus, there are some of the financial advisors who have been licensed by the authorities, the securities regulators to sell investments and provide advice on investments. Some are further licensed to sell insurance and have with them designations allowing them to practice accountancy and estate planning. Given all these facts, it is a fact that when it comes to the need to settle for a financial planner for your needs, there are quite a number of things and points that you need to think through and over. The following are some of the things that you need to have well thought of and determined before you make a decision over any financial planner to deal with.
First and foremost, you need to understand well enough your financial goals and needs. Basically, you will need to ensure that you settle for a deal with a financial advisor who will be able to meet your financial objectives and needs. For instance take a case where you are looking for a financial advisor and your interests are in finding the best investment advice, then you need to make sure that you are getting down for the services of the financial advisor who is registered with the securities regulator. On the other hand if your interest is in insurance, then you need to find one who is licensed for insurance advice.
Where you happen to have some referrals from friends and relatives, workmates and acquaintances, this will be a great boost to your search but you need to make sure that you have this backed by taking a preview as well to their qualifications as well. Ensure that you have verified their credentials and call their professional associations to confirm if at all there is any complaint or disciplinary action taken or pending against the potential candidates. It is as well important that you take a look at the databases at the securities commission so as to get to know more on the qualification of the financial advisor you have in mind.