Try: #any financial adviser who calls you cold-whom you don’t know and have never heard of-should be sent packing hang up a successful adviser doesn’t have to look for clients clients seek her or him out # if an adviser has time to come to your home something is probably radically wrong good advisors don’t have time to come to your home # you should make it a point to visit a potential adviser adviser’s office in any case you’ll want to pay careful attention to how he or she keeps his or her professional space is it neat are files in order is it busy # if you are married or have a life partner a potential adviser should have found this fact out by asking and should see you only if you agree to bring your partner along or else have a very good reason why you prefer not to # a good financial adviser will ask you all, not some but all, of the following questions how is your health this is no 1 in my opinion since if you’re not healthy you’ll need first and foremost to plan for your medical care and possibly your income if and when you cannot work are you in debt this is no 2 are you responsible for aging parents do you have a will or trust will you inherit money someday do you need to make a major purchase like a new car or a new roof for your home do you have a retirement plan are you funding it to the maximum allowed by law do you have adequate insurance are you saving for your children children’s education only after an adviser fully understands your financial situation should he or she ask you how much money you have to invest # an adviser should be a certified financial planner or cfp professional that means that he or she cares enough about his or her clients to have gone through a two-year certification process with continuing education requirements mandating that he or she stay up-to-date on the kinds of information that you need # you should be told up front how and how much a potential adviser will be paid you shouldn’t have to ask the correct method of payment is by fee only any adviser who wants to be paid through commissions charged on the investments he or she makes for you has an incentive to move you in and out of stocks and other investments perhaps in direct opposition to what what’s best for you # an adviser should never ask you to write a check to him or her you should write checks only to a brokerage an insurance company or another financial services firm # if you already have an adviser that adviser should be calling you in down markets as well as in up markets has your adviser called you in the past 12 months information references "client beware how to choose a financial advisor"by suze orman no date available at www suzeorman com
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Categories: Sage, Topic, Financial
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Keywords: Finances financial advisor financial planner money investments investing
*This information is listed as a Fact Sheet and is not explicitly medically licensed