Study: My Understanding of Finances

Study: My Understanding of Finances

Tips for Choosing a Financial Planner

As we start out in this post, we need to make mention of the fact and as such clarify the fact that the financial planners often assume a number of titles for their professional designation and these include titles such as financial advisors, investment planners or advisors, financial consultants just to highlight but a few of these titles that they so assume. Besides this, one needs to as well be aware of the fact that financial planners as well have such a wide set of training background, qualifications and experience as well in their practice. In spite of this, the fact is that most of the financial planners have actually taken and passed the courses and exams as relevant to the practice of financial planning and advisory services and as such have titles as granted by the relevant bodies or authorities examining the profession. There are as well some of them who have been licensed by the securities regulators to sell investments and or provide investment advice. Some are further licensed to sell insurance and have with them designations allowing them to practice accountancy and estate planning. As a result of all these facts about the services and practice of financial planning, it is a fact that when you come to the need to settle for a financial planner, you have to have some facts borne in mind and well factored to get the best. These are as we have taken a look at below.

What you need to ensure that you have done first is the need to be as clear in mind in your financial goals and needs. It is important and you must ensure that you settle for one who has the ability to satisfy your financial goals and needs. In this respect, should your interest be in finding the best tips in so far as investment advice goes, then you need to ensure that you are dealing with a financial planner who is registered with the state’s securities agency or regulator. On the other hand if your interest is in insurance, then you need to find one who is licensed for insurance advice.

If you have any referrals from any of your trusted sources, then this is a plus but you need to back it with a look at the qualifications of the financial planner. Make sure that you have verified their credentials and see to it as well that you have gotten in touch with their professional associations so as to ensure that you have a know if at all there is any disciplinary action that is pending or that has been taken against the particular financial advisor you have in mind. You can as well use the databases from the securities commission to tell more on their qualifications.

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