It is never too early to start thinking about your future and about your savings. If you are not sure that you are doing it right, US News thinks that is one of the signs that you should be hiring a financial advisor (US News, Kelly Campbell, March 20, 2015). Just like with every other person that you hire, you need to make sure you are hiring an expert. Here are the things that your financial advisor needs to have in order for you to hire it to sort out your personal or business finances.

Image Credit : ziare

Independence

There are brokers and there are financial advisors. Brokers and financial advisors are not the same. While financial advisors give you recommendations according to your expertise, brokers usually are being pressured by their firms to give certain advice. However, some financial advisors may be compelled to do the same if you are employed by a firm. Therefore, you need to make sure that your financial advisor is completely individual and self-employed, so that they can freely an objectively advise you in your best interest.

Education

Advanced degree in business is something that every financial advisor should have. However, that is not all that they should have. Additional education through courses is absolutely necessary. Therefore, choose those financial advisors that can offer proof that they have gone through the necessary RG146 courses successfully. These are necessary for a person to become an advisor and they are the proof that the person is diligent enough and ready to put extra effort to learn more about their job.

Experience

While some of the advisors can start as being excellent right away, you may want to find an advisor that has been on the market for at least five years. You can ask for the list of their clients and you can ask about how long they had their practice as individual financial advisors. Those that have nothing to hide will gladly offer the proof of their experience and work.

Image Credit : Youtube & mailplug

Reputation

Recommendation from somebody that is a pleased client is always a good sign. Once you ask for the client list, you can even call some of the people from the list and ask about their experience and impression about the work of your future advisor. You can learn all about your financial advisor work and activities by looking at their AVD form. It is easy to ask for it and it is easy to search for it online. Simply search for your advisor at the Investment Advisor Public Disclosure website.

The last but not the least is the fact about how well you get along with that person. This is somebody that will help you manage a good part of your life. Therefore, make sure it is somebody that you don’t mind talking to and that it is somebody that you understand and that they understand you. There will be some hard decisions on the way, so you need somebody to be on board with you when that time comes.

Author bio:

This article has been written by Dan Radak, he’s a web hosting security professional with 10 yrs of experience. He’s currently with lots of companies in the area of online security, closely collaborating with a few e-commerce companies . He’s also a coauthor on many technology websites & a regular contributor to Technivorz.

Follow Dan Radak : GooglePlus Twitter

Share and Enjoy