Tips On Choosing An Financial Adviser

Share

A good financial adviser can help you set your financial goals, make a plan to get them, and help you prepare for the future. As such, finding the right one to suit your needs is an important decisions; so if you want to find financial advisor, you can’t just go about it all willy-nilly.

Here’s some tips to help you out.

Where to look.

First, find out what you really need when it comes to financial advice. Then go looking for a financial advisor who can provide the services that you need. A good place to start is to ask friends, family or colleagues at work, who might be able to recommend a good option for you, but, you can also ask your super fund, lawyer or your accountant.

Industry associations

Industry associations know how to help people find a financial advisor, as they usually have a services for “find financial advisor”, which will help direct people to the advisers closest to them. Associations also provide a measure of security, as they require members to participate in training, adhere to a set code of conduct, as well as have a way for receiving and handling complaints.

Do research

Learn what you can about the advisors you’ve taken note of their details and qualifications. Research as much as you can about any advisor before trusting them with financial matters. For Aussies, the Financial Advisor Register has those details, which is nifty, but there are other ways to learn about advisors. Here’s the gist of what you should study about advisors:

  • The adviser’s qualifications, work experience and employment history.
  • What areas can they advise about?
  • Are they member of any professional bodies, associations or organisations that handle financial services?
  • The status and details of their license, if they don’t have a license, steer clear of them.

Learn what it’ll cost you.

Financial advisers are professionals, which means they have fees. Before going into their office to ask about your financial status, then take the time to see how much it’ll dig into your wallet. Even a rough estimate works, as you just really need a good idea of what the fees will be; that’ll be enough to make an informed decision on the matter.

This entry was posted in Business. Bookmark the permalink.

Comments are closed.