Company, Financial Expert

Mark Hauser Highlights How To Choose a Financial Advisor

Mark Hauser -How To Choose the Best Financial

The job of a financial advisor is to help you make wise money decisions. They can do this by offering guidance, education, and advice on investing. Here are helpful tips by Mark Hauser

The first step in choosing a financial advisor is asking for past clients’ references. After all, you want to know that the person you’re considering is capable of helping others in your situation. You can also check out their references to ensure they are legitimate and then decide whether or not they are appropriate for your needs. If one doesn’t meet your standards, keep looking until you find someone who does.

If you need a different option, consider hiring an independent broker instead of working directly with a bank or brokerage firm.

Look for a financial advisor who the CFP Board accredits.

The CFP certification is the most broadly recognized personal financial planning certification globally, with over 95,000 professionals holding it worldwide. The CFP Board defines the competency standards of financial planners with this designation and ensures that they meet high ethical and educational requirements through its rigorous certification process.

It’s important to know that your financial advisor is licensed correctly, has an expert level of education in their services, and is committed to keeping their clients informed and up-to-date on their progress. Financial advisors can be licensed through two different organizations: the Securities and Exchange Commission (SEC) or FINRA (Financial Industry Regulatory Authority). The SEC requires that anyone selling securities register as a broker-dealer or investment adviser representative.

Get good answers to three critical questions by Mark Hauser

What are all of your fees?

What is your relationship with the company?

For how long have you been doing it, and what qualifications do you have?