Financial Planning - Choosing the Right Financial Planner

The process of finding the right financial planner who will meet your needs can be confusing for some people. You may feel like you don't have enough money to even think about seeking help, but don't be discouraged. Even if you're just starting out and want to gather information on how to secure and build your future financially, making contact with a certified financial planner is a step in the right direction. Here are some pointers in choosing one:


Remember your goal-find someone you can trust and who listens to and understands your financial goals. Where to look. Some own their own businesses, while others may work in a large practice. Also, some commercial banks or investment firms have financial planners on staff. Word of Mouth. One of the best ways to find a trusted planner is through family and friends. Check credentials. Many professionals in the field use the term financial planner. Make sure the person you find is really qualified for the job. Here are some designations they may have and reliable financial planner westport connecticut, depending on their training: CFP - Certified Financial Planner CPA-PFS - Personal Financial Specialist ChFC - Chartered Financial Consultant Financial planners should receive extensive training and pass tests to be accredited by a recognized program. Some specialize in areas such as investments, taxes, insurance, or retirement.

Check experience. Find out how long they've been working

Look for one that has a good amount of experience and reliable financial planner westport connecticut

Ask about fees. You definitely need to know how they're paid. Some are hourly, while others charge a fee based on a percentage of what is managed. Initial consultations are typically free. It's time to choose a good financial planner who can help you to plan for the future right here and right now. Here are some tips.

--Go with experience: Now is not the time to let your nephew fresh out of college cut his teeth by handling your assets! You need to choose a seasoned planner who has seen and experienced many ups and downs in the investing world and who knows how to adjust accordingly.

--Go with qualifications: Again, you only want the very best handling your money. Ask any prospects about the certifications they hold and any specific training they have received. Someone who specializes in retirement planning is your best option.

--Services offered: If your assets total a million dollars or more, you need to choose someone who has extensive experience in serious wealth management.

--Ask about their approach: You need someone handling your money (and your future) who shares the same basic outlook as you do about investing. If you are extremely conservative yourself, you will simply not be comfortable trusting your retirement nest egg to someone who seems to take an overly aggressive approach to investing. Interview several candidates and go with your gut instinct on this point.

It is essential to take your time and do a lot of research in order to be comfortable with your ultimate decision. Make sure to ask people you trust for references too: it's a great place to start.

Note their communication style. Is this someone you can work with and understand? Find someone you are comfortable with and can ask questions. Make sure they understand your tolerance for risk and will make decisions based on it.

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Topic revision: r1 - 2021-11-13 - celestejimenez
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