How to Make Your Choice for Your Financial Advisor/Planner
To start us off, we need to mention the fact that financial planners actually assume varied titles and these are such as where you will find them going by the references such as financial advisors, financial consultants, investment advisors and such like titles. Apart from this, you need to be aware of the fact that the financial planners as well can have varied training, qualifications and experience. However most of them have taken and passed various examinations and courses relevant to financial planning and as such hold designations as given by the examining bodies or regulators in the industry. 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 happen to be as we have taken a mention of under.
Top in this is the need to be as clear on your financial goals and needs. Basically, you will need to ensure that you settle for a deal with a financial advisor who will be able to meet your financial objectives and needs. With this in mind, take an example where you happen to be seeking for financial advice in so far as investment advice goes, then your pick of a financial advisor should be for the one who is registered with the securities regulator. On the other hand if your interest is in insurance, then you need to find one who is licensed for insurance advice.
Should you happen to be having some referrals from any of the trusted sources you know of, then this is a plus indeed but you need to have this backed by taking a look at the qualifications of the particular financial planner. You need to make sure that you have taken a look at their professional credentials and as well call their professional associations so as to get to tell if at all the particular financial planner candidate you seek to consider their services have had any issues of disciplinary nature taken against them or one that is pending. It is as well important that you take a look at the databases at the securities commission so as to get to know more on the qualification of the financial advisor you have in mind.