If you are concerned about your present and future finances, seek the aid of a financial advisor. Investments, insurances, and retirement planning, are a few of the things that specialists can help with. Be certain the one you hire knows the trade or you could have a disastrous mess financially.
Financial services has become an industry in its own right. If your portfolio is just short of a disaster, good management can bring it all back into line. You may know them as a consultant or investment specialist, but despite their title, the are all provide pretty much the same type of service.
Being able to offer the services they claim they can do, is up to you to find out. Make a list of prospective advisor's and begin checking them out. Some may offer free consultation while others charge a fee. If a fee is required, pay it. It is worth your financial future to check out every candidate that interests you.
Make a list of questions. You should never leave an advisor's office without feeling that you found out all you came to know. If they are on file with the Securities and Exchange Commission this lets you know that they have handled at least $25 million in assets. Below that amount they are required to report to the state. Both agencies should be willing to allow you insight to things such as their education and business background.
When visiting the office of your prospect, check out their diplomas and the letters that follow their name. There are Certified Financial Consultant, or ChFP; Personal Financial Specialist or PFS, CPA for a Certified Public Accountant, and CFP for a Certified Financial Planner. These credentials are important because most states have no licensing programs.
The longer a planner has worked the better equipped they are at handling your assets. They have been through other times of instability and know the ways to handle accounts during these times. Take suggestions from friends. It works as free advertisement and is the best there is.
If possible, locate a specialist that knows how to deal in more than one area. They are able to place your funds in a the highest interest bearing accounts possible and invest the balance in stocks that will allow your funds to grow. Having your monies in one place makes things so much easier to keep track of.
A good analyst will look at your portfolio and immediately know the things that you are doing right and those you are doing wrong. They will be able to offer immediate solutions for the areas they see as problems. Bi-annual meetings should take place to discuss in detail any major lifestyle changes affecting your situation such as divorce or retirement. If this is all done done, you can rest assured that you have found a good financial advisor.
Financial services has become an industry in its own right. If your portfolio is just short of a disaster, good management can bring it all back into line. You may know them as a consultant or investment specialist, but despite their title, the are all provide pretty much the same type of service.
Being able to offer the services they claim they can do, is up to you to find out. Make a list of prospective advisor's and begin checking them out. Some may offer free consultation while others charge a fee. If a fee is required, pay it. It is worth your financial future to check out every candidate that interests you.
Make a list of questions. You should never leave an advisor's office without feeling that you found out all you came to know. If they are on file with the Securities and Exchange Commission this lets you know that they have handled at least $25 million in assets. Below that amount they are required to report to the state. Both agencies should be willing to allow you insight to things such as their education and business background.
When visiting the office of your prospect, check out their diplomas and the letters that follow their name. There are Certified Financial Consultant, or ChFP; Personal Financial Specialist or PFS, CPA for a Certified Public Accountant, and CFP for a Certified Financial Planner. These credentials are important because most states have no licensing programs.
The longer a planner has worked the better equipped they are at handling your assets. They have been through other times of instability and know the ways to handle accounts during these times. Take suggestions from friends. It works as free advertisement and is the best there is.
If possible, locate a specialist that knows how to deal in more than one area. They are able to place your funds in a the highest interest bearing accounts possible and invest the balance in stocks that will allow your funds to grow. Having your monies in one place makes things so much easier to keep track of.
A good analyst will look at your portfolio and immediately know the things that you are doing right and those you are doing wrong. They will be able to offer immediate solutions for the areas they see as problems. Bi-annual meetings should take place to discuss in detail any major lifestyle changes affecting your situation such as divorce or retirement. If this is all done done, you can rest assured that you have found a good financial advisor.
About the Author:
Financial services Cobourg professionals offering advice on your personal and business finances. Investment Planning Counsel - Diane Gray, CFP 1135 Lansdowne Street West, Peterborough, ON K9J 7M2, Canada 705-745-4729 (877) 745-4729
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