Everyone can benefit from professional
financial planning advice, providing, of course, that they choose the right
financial advisor. While many people are concerned over the fact that the U.S.
Securities and Exchange Commission hasn’t passed any legislation regulating
financial advisors, you shouldn’t let this scare you away from using them
altogether. No, instead, you should just take this as an incentive for
carefully choosing the best financial advisor possible. Professional economist
Linda Stern, who writes for Reuters,
recently released a list of helpful tips for those who are seeking to find a
new financial advisor.
One of her pieces of advice was to choose someone who calls
himself or herself a “fiduciary planner.” Stern maintains that these
professionals must hold themselves to higher standards than others. While this
advice is interesting, it’s not necessarily true. After all, a name is just a
name, and just because someone calls himself a particular name doesn’t mean
that person will necessarily live up to the standards which that name implies.
It’s better advice to not pick an advisor based on name alone, but instead to
look for financial planning professionals that treat you with respect and
courtesy at all times and that keep your best interest in the forefront of
their minds.
Another piece of advice from Stern—one that’s a little more
spot-on—is to know exactly what fees your financial advisor charges upfront.
Any good financial advisor will have no problem divulging all costs and expenses
before you enter into an agreement. That’s the kind of service you can expect
from Platinum Financial Associates, located in Naperville, which makes them an
excellent choice for all your financial needs.
Excellent Tips for Choosing a Financial Advisor,I came to know some new points for your post. Thanks for sharing.
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