A financial advisor helps you navigate your money by creating and implementing a plan to achieve your goals. They may help you with saving for a down payment on a house, planning your retirement, navigating tax law or securing insurance coverage.
The first step in working with a financial advisor is finding one you trust. You should interview at least two or three candidates before you make a final decision.
Before you meet with a prospective financial advisor, check their credentials and disciplinary history using online tools. You can also ask them about their experience and certifications in the interview.
A financial advisor should be licensed by a state financial regulatory agency, or have other relevant qualifications like an associate's degree in finance, business, accounting or mathematics. They may also have additional certifications, such as the Certified Financial Planner(r) or Chartered Wealth Manager, to demonstrate their professional training and ongoing commitment to industry standards.
Qualifications & Services
A good financial advisor should provide you with all the information you need to make an informed decision. They should be able to explain how the stock market works and the different investment options available to you.
They should also be able to answer your questions and provide you with advice that fits your budget and risk tolerance.
The best advisors are the ones who care about you as a person and want to be your partner in the financial world. They want to help you understand the complexities of your finances, so you can confidently make the right decisions for yourself and your family.