Choose a financial planner who charges a fee as a percentage of the assets managed rather than obtaining a commission for the products he sells, recommends Laura Shin for Forbes. Another approach is to pick a financial planner who charges by the hour, says Allan Roth from AARP The Magazine.Know More
You can find a list of certified financial planners who charge a percentage of the assets managed as a fee from professional organizations such as the National Association of Personal Financial Advisors, states Kiplinger. A financial advisor who charges an hourly or fixed fee is less likely to sell you unnecessary products because he is not trying to earn a bigger commission. This ensures a better portfolio that meets your financial needs.
Other factors to take into account are the investment philosophy of the financial advisor; his credentials and certifications; and the demographic he typically advises, states Shin. By picking a financial advisor with the certification and credentials needed, you are less likely to be cheated. By ensuring the investment philosophy matches yours and the advisor has other clients in your demographic, you increase the likelihood of the financial advisor having a better understanding of your financial needs and life goals such as adequate funds for retirement, children's education and medical treatments.Learn more about Financial Planning
Find answers to personal finance questions by reading online resources, hiring a financial planner and talking to people who are known to be financially successful. Timely personal finance answers can help individuals enjoy long-term happiness, notes the Consumer Financial Protection Bureau.Full Answer >
LPL Financial provides contact information for its advisors on its website, LPLFinancial.LPL.com, under Find an LPL Financial Advisor. The site allows users to search by address for advisors within a specified proximity or by the name of an advisor or their business.Full Answer >
Most local banks provide a financial advisor with whom their clients can meet without charge. This advisor can open an account specific to saving for the cruise and can set up automatic withdrawals to go into this fund. The major cruise lines, such as Norwegian, also allow for pre-payment plans.Full Answer >
The Florida Financial Services Commission is the body that approves rules that the state's Office of Financial Regulation and Office of Insurance Regulation develop, according to the Office of Financial Regulation. The Governor, the Attorney General, the Chief Financial Officer and the Commissioner of Agriculture constitute the commission. The commission appoints a commissioner to lead each office. The Office of Financial Regulation regulates the state's finance, banking and securities industries, and the Office of Insurance Regulation regulates insurance companies.Full Answer >