How To Find a Financial Advisor

There are, quite literally, hundreds of thousands of people in the US who say they provide financial advice.

These financial professionals and their firms loosely use the terms financial planner and financial advisor (interchangeably spelled adviser), among other titles you may see, including wealth manager, financial consultant, or financial analyst.

Before looking for a financial advisor, have you determined if you need one? To answer that question, you must decide what kind of help you need to make financial decisions and manage your finances.

Do I Need a Financial Advisor?

Hiring an advisor or financial planner is a significant life decision you need to get right. Not doing so can cost you a lot of money and aggravation.

Finding the Right Financial Advisor

There are several ways financial advisors make money. – Commission only – advisors receive commissions on products they sell. That can be mutual funds, individual stocks and bonds, annuities, and other financial products.

Financial Advisor Compensation

Deciding on the type of financial advisor you want to hire is where things can get tricky. There are several kinds of advisors to choose from, including fully digital advisors and traditional advice offered by financial professionals.

What Type of Financial Advisor Should You Hire?

Everything seems to be going digital these days. Your financial advisor will likely offer some digital services to manage your money to complement the services they perform themselves.

Robo-advisor

Debtopramenschultz  Choosing a financial advisor is one of the most critical decisions to help you plan for your financial future. Stories abound about consumers feeling misled by people calling themselves financial advisors.

Final Thought

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