Last week, we shared what financial advisors are and what they can do for us. (Click here to read.) Today, let’s cover some key factors and a step-by-step process to consider when choosing a financial advisor.
Selecting the right financial advisor is not simply a matter of identifying someone who is competent and qualified. The person or firm that you select should be a good match for your specific needs. In fact, finding someone whom you can trust and who can provide you with the correct advice at the right time should be your primary objective.
Here are some points that you should consider when you start the process of evaluating different financial advisors:
What Sort Of Advice Do You Require?
A financial advisor may have strong credentials and a long list of satisfied clients, but may not be able to fulfil your needs. That’s because the advisor may specialise in an area