Choosing the Right Financial Advisor

Are you planning to work with a financial advisor? If so, you must go with someone who has the experience and knowledge for your peace of mind. If it is your first time working with one, you will quickly find out that there are some important things that you must take into consideration.

Finding the right financial advisor for the job might take a bit more time than just searching through the yellow pages, but the investment of time would definitely be worthwhile when it comes to your peace of mind and assurance that you made the best decision.

financial advisor

Your finances and financial stability are one of the most important things to you. You need your money for many different things and without it, you would not be able to maintain the kind of lifestyle that you want. By hiring a financial advisor, you are getting help with your finances so that you can make better decisions with your money.

Understand the Differences in Service Offerings

There are financial advisors who provide financial planning services and not investment management. Some financial advisors have the expertise in the retirement income planning that is centered on the distribution, step whilst others specialize in the accumulation phase.

To find the right financial advisor for you to hire, you should realize the differences in the forms of services which might be offered. You should know which services your potential advisor may provide. These may include:

  • Financial planning
  • Retirement income planning
  • Investment advisory services

Seek a Financial Advisor That Has Reputable Credentials

Not all credentials are alike. Some associations make it simple to get credentials for a fee so that salespeople can obtain “credentials” and appear to be an expert. To find a financial advisor with reliable credentials, you have to look for somebody who has their PFS or CFP (certified financial planner) designation, or you may look for an investment advisor who has a CFA. When you are near retirement, look for somebody who has specialized trainings within their field, such as RICP or RMA.

Know How the Financial Advisors are Compensated

There are different ways for a financial advisor to charge you. When hiring the right financial advisor for you, you should first find out how they are compensated. Some financial advisors use an asset based charge, an hourly fee, or commissions.

Use Search Engines for the Criteria

Online search engines could be an excellent way for narrowing down the search of a financial advisor who is within your zip code and has the credentials you might be searching for, or charge in a particular way that you would like.

If you are in need of a financial advisor now or in the near future, contact The Retirement Planning Group. They will be able to help you with all of your financial concerns, needs, and wants. They have a team of skilled professionals that have been working in their industry for many years and can help you today.

Author Image

About Ryan Costello

Ryan was born and raised in Olathe, KS and currently resides in Leawood, KS. He played college football while earning his degree from Baker University. His drive and competitiveness stems from his background in athletics, which has played a big role in who he is today. Ryan has been a Financial Advisor since 2002. Although he didn’t realize it at the time, his destiny into the world of finance began early in his high school days when a checkbook of his didn’t quite balance out. From that point forward, he developed a meticulous attention to detail with all things financial – a trait that he proudly carries with him today.

View All Posts
This entry was posted in Blog and tagged , , , , , by Ryan Costello. Bookmark the permalink.

About Ryan Costello

Ryan was born and raised in Olathe, KS and currently resides in Leawood, KS. He played college football while earning his degree from Baker University. His drive and competitiveness stems from his background in athletics, which has played a big role in who he is today. Ryan has been a Financial Advisor since 2002. Although he didn’t realize it at the time, his destiny into the world of finance began early in his high school days when a checkbook of his didn’t quite balance out. From that point forward, he developed a meticulous attention to detail with all things financial – a trait that he proudly carries with him today.