1: Know Who You Need
Avoid “jack of all trades” financial planners who claim they can do it all. Instead, find a dedicated specialist focused on the area you need help, ie estate planning, retirement funds, et cetera.
2: Understand What You’re Paying For
Before you write them a single check, sit down with your financial planner and discuss what they’re going to do for you and how they plan on charging you for it. For example, do they work on commission or for a flat fee?
3: Verify Their Qualifications
An honest professional should be upfront about their credentials and the ways you can double-check them. If they seem offended by the question, or if their behavior suddenly turns shifty and evasive when you ask for proof, you’ll know you’re dealing with a scam artist.
4: Network For More Options
Ask your friends and family for recommendations. Ask your bank. Ask your elderly grandmother who in turn can ask her senior living community. There’s no such thing as too many options, especially if they come with positive word-of-mouth already.
5: Shop Around
Don’t be dazzled by the first financial planner who offers you a cup of coffee and an earnest promise. Meet with several firms, companies or businessmen to ensure that you’ve really made the best choice for your money and your future. Check the localities for instance if in Surrey, look out for financial planner surrey.