Q:

What should a person look for in a financial advisor?

A:

Quick Answer

Some of the most important things to look for in a financial adviser include certification, payment structure, the adviser's code of ethics, past performance and reputation. Some of the benefits of having a financial adviser include getting timely tips on how to invest and deal with debts.

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Full Answer

One of the things to consider when choosing a financial planner is his or her reputation. A good planner is one that is respected by fellow colleagues and clients in the industry. He or she should be able to provide a few references to help confirm his or her qualifications and work ethics.

Another important consideration is the planner's certification documents. These documents should include a license to practice and any other supporting documents that may inspire confidence in clients. It is equally important to carry out a background check on the planner in order to ensure he or she has been performing well in past projects.

The payment scheme of the planner is another issue to take into account. For example, it may be better to hire a planner that demands fee in terms of commission as compared to one who demands pay on a standard basis regardless of work.

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