When you’re looking for an independent financial planner, you want to make sure that you are hiring someone who is an expert in financial planning and not just some guy who knows a lot of stuff but can’t sort out your problems. The fact is that there are many very good financial planners who have done a lot of research and writing on the topic of financial planning, so when you start asking them questions, it’s not a one-size-fits-all situation. Prepare the questions before you meet them, and match them with your financial needs. Ensure you will have the best answer from them, to consider your best planner to choose and work with.
What Should I Expect To Hire An Independent Financial Planner?
One thing that you should look for in a financial planner is someone who holds a Ph.D. or other equivalent degree from a reputable educational institution. Obviously, if someone has achieved this status in the world of finance, then they are someone who is serious about the business and won’t be working off some “gut feeling.” Someone who has this kind of education and background will provide you with information that you can use confidently. They should also answer any questions that you have about setting up goals, saving for retirement, estate planning, taxes, investing, and other important financial issues.
Another quality that you should look for in a financial planner is someone very open and honest. They should be willing to answer any questions that you have without being evasive, and they should be willing to provide honest advice. You shouldn’t have to feel pressured at any point during the interview process.
If you find that a potential financial planner tries to get you to spend more money than you want to, or ask you to put your entire net worth on hold while they seek to roll over their investment, then you should move on and find someone else. You shouldn’t have to be talked into anything by a potential financial planner, and you shouldn’t have to feel pressured at any point during the process.
Types Of Independent Financial Planner?
There are some types of financial planners who are also CPAs. Certified Public Accountants (CPA) are required to be licensed by the CPA Association. This allows the CPAs to conduct independent business and meet the strict requirements set forth by the law. Certified public accountants can help people with their money management needs, whether they have a large or small business or are just individuals looking to handle their own personal financial affairs. A good planner can provide accurate and reliable advice to individuals as well as businesses.
Some planners choose to provide a range of financial advisory services to clients rather than offering only one particular type of service. Many independent planners offer a wide range of financial services such as estate planning, retirement planning, asset protection, and asset allocation. While one type of planner may only offer one or two different types of services, many independent planners can provide a wide variety of options. Finding a variety of planners to serve your needs makes it easier to determine what type of financial planner will best suit your needs.
Although the types of independent financial planners depend on personal preferences, some characteristics remain consistent among financial planners. A good planner will always be honest and objective. This means that they won’t withhold information or pass it along for their own gain. Also, they will only recommend products that are in line with their personal philosophies and goals.
Is It Worth Paying An Independent Financial Planner?
The simple answer is absolute. Our financial planner has taken a personal interest in every decision we have made during this process. He asks pointed questions and seeks multiple opinions. His goal is to provide us with an honest assessment of our current financial situation and give us practical advice that is motivated by his understanding of our business, our personal finances, and our unique circumstances.
I hired a financial planner who is now on our company’s payroll because he is a highly experienced independent consultant. He has taken the time to really understand our company, what we do, and what motivates our individual clients. In his three years with us, he has come to understand our business model and the individuals behind the business and how they personally manage their own finances. When he presented his findings to me, I was impressed with his research’s thoroughness and his ability to connect with our clients on an intimate level.
As clients know, our firm believes in providing personalized, individualized financial planning and investing. That is why we strongly support this man (and woman!) and his work. If you are considering a financial advisor or practitioner of financial advice, I encourage you to consider this important personal investment.