Unsure how to pick an advisor to help you with your financial questions? Below are a few things to consider when picking an advisor.
Designations indicate that advisors have been trained in certain regulated and technical areas of financial advice. Designations require different qualifications, testing, and even continuing education that allow an advisor to practice under that qualification. All advisors at Myfinancialadvice have at least one of eight required designations. To understand what designation is best for your need, please see Designation Reference.
Look for an advisor who makes you feel comfortable. Talk to them at no charge using the Myfinancialadvice phone system. Advisors need to fully understand you and your situation so that they may advise you most effectively. To the extent that makes sense to you, communicate openly with your advisor so that both of you are on the same page about your needs.
Look for advisors who specialize in areas that are most relevant and important to you. If you are only looking for mortgage advice, look for that advisor specialty. We refer to some advisors as “generalists” because they know about a wide range of topics and can prioritize and integrate their advice according to your needs. Both specialists and generalists can help you, depending on the nature of your question or problem.
As with other services, financial advising fees can seem high or confusing. But remember, you are paying for advice and you are in control of payment. It is your choice to determine the fee for advice with the advisor’s help. And you will approve all fees before we charge your credit card or account on our system.
Your Own Expectations
Before you look for an advisor, know your own expectations of what you’re going to get from him or her. Financial planners can provide two valuable benefits to you their experience in financial services in the categories in which they advise, and their technical skills, tools, and product knowledge to help you solve a financial challenge efficiently and cost-effectively.