Posts Tagged ‘financial planners’

How to choose a financial advisor

Posted November 4, 2008 by Bernz

A financial advisor, also known as financial planners or brokers have expertise in investing. Some financial advisors specialize in insurance, others 401K plans, and some financial planners have a broad background.

Here are some tips on finding a financial advisor that’s well-suited for you.

First, I recommend you look for a fee-based financial advisor. These advisors charge you either an hourly rate or a flat fee. A commissioned-based financial advisor gets paid based upon what products she or he sells. So in spite of their very well placed intentions of giving you sound financial advice, commission-based financial advisors have to sell in order to get paid so they have a huge stake in you buying their product.

Look for a financial advisor the same way you would go about looking for a new dentist or veterinarian: ask around. Talk to your neighbors, co-workers, and friends, people in your alma mater or professional organizations you belong to.

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