Choosing a Financial Advisor

Is it the stressed out, gray suit-clad financial advisors that make sense or a jeans and t-shirt, tech savvy image? To be true, buying and selling orders are not the last words in this profession. The entire attempt from a financial advisor should be to generate as much money as possible for their clients. This requires understanding the importance of a comprehensive approach in the realms of investments, insurances, budgeting, retirement planning, tax paying and funding for education or estate. It’s not possible without a person undergoing a rigorous training as a financial advisor. Therefore, here is a little lowdown on choosing a financial advisor with rock solid ideas on comprehensive financial planning.

Shop around before choosing an advisor

Comprehensive financial planning surpasses the former theory of spend tomorrow what you save today. Therefore, it is paramount that the chosen financial advisor is not stuck to this particular theory of yore. He must be able to figure out your wants today and plan accordingly to make you enjoy life and save at the same time. Finding such a financial advisor can be a tough task; hence, it is essential to run a comparison between all those whom you can access.

Prepare for your meeting

It pays to know all that’s meant by a true and comprehensive financial planning; it comprises:

  • Addressing the importance of a client’s dream financial future.
  • A maximum focus on everything that appears related to the specific goals.
  • Making available the capital if there surfaces a need.

All these lead to a tricky situation; a financial advisor needs to be selected only after he can provide a satisfactory estimate. It shall prove whether he can shape things properly.

Protecting your rights

The best interests of an investor are his/her basic right. Your dollars are not pebbles and needs maximum protection guarantee. A financial advisor with a very basic degree (e.g. NASD general securities exam) shall lag much behind a financial advisor with a clean chit in the Series 6, 7 and 63 exams. The latter are required as the minimum criteria for the regulatory requirements of the industry and one can stretch it to clear CFP (certified Financial Planner®), CFA (chartered financial analyst) and ChFC (chartered financial consultant) exams. Apart from these three, there is a fourth one that stands almost equivalent. A CPA (certified public accountant) designation, as it is called, is the best when it comes to handling the taxes. Besides, there also remain the factors called ethical requirements, mental agility to differentiate between requirements and ability to understand the subtle twists and turns of legalities to devise smooth transitions. That way, they shall also be answerable if you do not:

– Receive information regarding work history and account statements.

– Come to know about the risks, obligations and costs in prior for any investment.

– Receive satisfactory and consistent recommendations.

– Receive accurate and understandable account information and agreements.

– Get access to your funds in on a regular basis or face more restrictions or limitations than promised.

Handling your complaints

Unless a financial advisor responds in the affirmative on his clients’ grievances on the above points, it won’t be a sound decision to hire him. In case such incidences occur, complaining to FINRA (Financial Industry Regulatory Authority) and Securities and Exchange Commission shall be a worthwhile step.

Best advice

Though advertisements in the daily and weekly newspaper classifieds regarding finding a financial advisor are galore and so are the websites, fact remains, to find an advisor, a person should ensure the credibility of the source. is such a site that has made a large number of people find financial advisors most appropriate for their respective needs and there are enough testimonies from satisfied clients to get restored your lost peace of mind. Does that seem interesting? Well, start your search for a financial advisor at

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