Choosing a financial planner is a great idea in order to set a financial plan in motion and make money from your investments.
There are several questions that you should ask any financial planner before considering doing business with this person.
Experience and Qualifications - Find out where the person went to school, where they trained, what companies they have worked for and to describe what they did at each company (including what types of clients they had).
There are certifications in the field of financial planning so ask what types of certifications this person has and how they stay current on their training.
Some planners do not actually sell anything rather only offer advice so find out what services are offered.
Other planners sell but are limited to selling what they have licenses to sell.
Financial Planning Approach - A conservative planner will not suit your needs if you are looking for aggressive growth.
Finding someone who matches and can execute your growth strategy will provide you with the best return on your investment.
Rates and Service - Financial planners will disclose rate information (fees or commission based) to you in their agreement to provide services and it should always be in writing.
It is also helpful to ask if they are the only person that you will be working with or if they have other people who assist them in providing service to you.
You should meet everyone who will be handling your money.
Making certain that you are comfortable with your financial planner is key for a successful relationship.
Your financial planner must be competent, communicative and above all, one whose style matches your needs.