What to Look for in a Financial Advisor

The first enquiry you should make relates to education.influence your choice of financial advisor. It pays to
Competence and quality with advisors comes in theknow up front.
form of a relevant tertiary education, professionalAnother excellent gauge of success and ability is
memberships of financial advisory groups, andtestimonials, and in particular referrals. If the financial
certificates or further qualifications that show ongoingplanner you are considering cannot provide referrals
professional development. It is also important to enquireyou should be sceptical about any claims about past
about length of experience in the financial industry, andsuccess they may make. The opinions of previous
in particular how long the individual has been workingclients are excellent indicators of the ability of a
as an advisor. This should be considered the first stepfinancial planner.
in your financial advisor selection process.Finally, ask for a plan. Any financial advisor worth their
The second avenue of enquiry relates to payment forfee will happily outline the scope of their services, tell
services. This question is important as financial plannersyou what information you need to provide them, and
can bill hourly, work for retainer and some work on awork with you across all relevant areas to develop a
commission basis. Each of these payment channelsplan for you to reach your financial goals.
attract differing fee levels, and this information will