What are your financial goals? Building savings? Reducing your tax burden? Providing for a comfortable retirement? Having financial flexibility to do what you want when you want? Making a difference in your community by supporting your favorite charity? Leaving a legacy with values that will enhance your children and grandchildren’s lives?
Your finances can be a powerful tool if managed properly. Selecting the right financial adviser to help you manage your finances is one of the most important decisions you will make.
To find the right adviser for your needs, ask these questions:
- How is my adviser compensated for providing this advice?
- Does my adviser possess the necessary professional skills, such as CFP and/or CFA?
- Does my adviser take the time to really understand what’s most important to me and my family’s personal financial goals? – which isn’t always about the all mighty dollar.
- Can I easily sever the relationship without financial penalty?
The answers to these questions will give you a solid foundation for one of the most important relationships in your family’s personal and financial life.
There are many different types of financial advisers available. Choose one whose investment in your relationship is not driven by compensation or a complex investment offer. How an adviser is compensated for his or her services might have some bearing on the quality of advice you receive. When you choose to work with a fee-only adviser, you enter into a partnership that is driven by your own goals. Make decisions that help you in the long-term rather than by an adviser’s vested interests.
Want to know more about this threefold return on investment?
Download our 4-page white paper that you can read before you talk to your adviser.
I hope you found this article and report helpful in helping you live your one and only life. If you have more questions I welcome the opportunity to speak with you personally. Click here to speak with me or one of our credentialed professionals.
Published: September 21, 2016
Author: Ann Pendley, CFP®
Phone: (812) 602-6304
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