When seeking a financial advisor, you may be confused by your choices. Many professionals help you with estate planning when giving you financial advice.
1. What Kind of Financial Services Are You Looking For
A financial advisor can handle various services, specialize in a specific plan, or strategically guide you towards your goals.
3. Look For A Fiduciary
Choose your planner who adheres to the fiduciary standard. The standard requires the planner or advisor to act in the best interests of their clients.
4. Suitability Standard
When seeking a financial advisor, the suitability standard would not be enough to satisfy though who want help in reaching goals.
5. Look For Fee-Based Only Financial Advisors
If you plan to work with a financial advisor for a specific project, they may offer fee-based structures that can be fees by the hour, a flat fee for your plan, or a percentage of your annual assets.
7. How They Are Regulated
Different regulators play a role according to the primary designation. Regulation of financial planners may be according to their professional title.