Find A Financial Advisor With Proven Competence

2007-03-08 10:33:40

( Business )



Personal finance is a complex and confusing subject matter. You may be a good researcher and reader, and there may be things that you can do yourself, like investing in online stocks, but these will not make you an overnight expert in personal finance. You'll still need to find a financial advisor if you want to reach your financial goals.

It may seem easy to find a financial advisor. But finding a financial advisor who is trustworthy and who can give you sound and quality advice may take time as you will have to undergo a trial-and-error process. Nonetheless, you can do your homework and learn some techniques on how to find a financial advisor.

There may be some instances when you don't feel the need to find a financial advisor because an advisor has already initiated contact with you. This may be convenient, but be wary as there may be some elements of risk involved here. Remember that good marketers like these also know how to find a business owner or may have heard that you're trying to find a financial planner. Their advice may be worthless.

If you can get referrals from your friends, colleagues, and family members who have financial holdings akin to yours, then you'll be able to start with an advisor who has a track record that proves past performance in financial advice and has demonstrated skill in dealing with others.

If you cannot get one, you may try to find a financial advisor over the Internet, through a public list such as the yellow pages, or organizations and associations that have access to good financial advisors. You can then contact these financial advisors and ask questions to narrow down you choices. After you find a financial advisor to work with, make sure that you agree on a fee structure in writing.


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