Finding the Right Financial Professional for You

Deciding to work with a financial professional is an important step in achieving your financial goals. But with so many different types of financial professionals to choose from, it can be difficult to determine which one is right for you.^[0] It’s important that you take the time to research and interview any potential financial advisors before you make your decision.

When interviewing a financial professional, it’s important to ask whether they will be engaging with you in a fiduciary capacity. A fiduciary is required to act in the best interest of their client, so knowing that a financial professional is one is important. Financial advisors can also be compensated in several different ways, such as hourly fees, commission, or a percentage of the total assets they manage.^[1] Make sure you understand how they are compensated before you agree to work with them.

It’s also important to consider what type of financial advice you need and the services a financial professional may provide. Some financial advisors may offer investment management, education, life insurance, college planning, tax planning, or strategies for getting out of debt. Additionally, a financial advisor may have experience in other areas that could help you, so make sure you consider your current and future needs.

Finally, it’s important to remember that financial advisors can help you plan for retirement, so make sure you work with someone who understands your goals and objectives. By taking the time to research and interview different financial professionals, you can make sure you’re working with someone who is the right fit for you.

0. “Times When Choosing A Fiduciary Advisor Is Critical To You And Times When It’s Not” Forbes, 8 Feb. 2023, https://www.forbes.com/sites/chriscarosa/2023/02/08/times-when-choosing-a-fiduciary-advisor-is-critical-to-you-and-times-when-its-not/

1. “Are investment advisers worth it? What advisers offer, minimum investments and more” The Globe and Mail, 10 Feb. 2023, https://www.theglobeandmail.com/investing/article-what-is-an-investment-advisor/