Things to Know

The decision in choosing a financial advisor is an important one. Here are some things to know about financial planning and consider during your selection process.

What is financial planning?

True financial planning focuses on your personal financial situation and life goals and incorporates a variety of financial strategies including traditional investments, retirement planning, college planning, tax planning and estate planning.

How will a financial plan help me?

A financial plan is the foundation to your financial future by which all of your financial decisions should be based. It can provide security and comfort to you and your family knowing that you are prepared to handle life’s goals and changes.

When should I start my financial plan?

Financial planning is for all ages. Whether you are beginning a new career, starting a family, saving for a child’s education or planning for retirement, a financial plan can put your mind at rest that your financial future is on track.

When is it the right time to hire a financial advisor?

There are a variety of reasons that you may consider as the right time to work with a financial advisor. It may be time to buy a new home, begin saving for your children’s education, plan for retirement, or simply time to organize your finances. Whatever the case, choosing to work with a financial advisor can ease your concerns and give you the financial well-being of knowing your financial plan is on track.

How do I find a financial advisor?

Ask family, friends or business professionals for a referral.

What questions should I ask when interviewing a financial advisor?

Some common questions to ask a prospective financial advisor are;
How long have you been a financial advisor?
What are your qualifications?
What services do you offer?
What is your approach to financial planning?
What type of clients do you work with?
How do you get paid?

The goal of your interview is to gather pertinent information so you can make a confident decision in choosing a qualified professional who has only your best interests in mind.

What services can I expect from a financial advisor?

A financial advisor who practices true financial planning will study your complete financial situation and guide you to make sound financial decisions throughout your life. They will analyze your financial picture and provide multiple solutions in the areas of retirement planning, insurance, estate planning, tax planning and college education planning.

How does a financial advisor get paid?

There are a variety of ways a financial advisor can get paid. The best way to learn about this is to ask during your interviewing process.