Financial Advisor Reviews

Financial advisor reviews should be completed before you hire a local professional to ensure you are hiring someone that is experienced enough to assist you in the wealth building process or on getting out of debt. Discussing your personal finance matters and asking advice on these matters is an extremely important topic so you want to thoroughly research your options before doing so. Here are a few tips on how you can research financial advisors near you and which questions you should ask them before moving forward with seeking their advice.

Locating Qualified Experts

The best way to locate finance experts in your area and also to find financial advisor reviews is to use the Internet. The Internet has greatly simplified the process of finding qualified investment advisor options for financial advisor planning because you can specify exactly the services you require and be matched with a list of professionals that meet the criteria. After being provided with the list of finance specialists that meet your criteria, you can search for reviews on each specialist.

Information you will want to pay attention to in the reviews includes reference information from previous clients and what comments those clients had to say. The best way to get a real idea of the professionalism and knowledge of certified financial advisors is to read reviews from previous clients who were either satisfied or dissatisfied with the advice they received.

Once you have read financial advisor reviews and have narrowed the list to a few financial experts you are considering hiring, you will then want to schedule initial meetings with each option to ask them a few questions and make your final selection. These initial meetings are very important because they will give you a feel for what it would be like utilizing the services of each expert and can either solidify or discredit the information you found in financial advisor reviews.

Asking Questions

When you first meet with each specialist you are considering hiring, you should be prepared with a list of questions. These questions are important because you need to know certain information to ensure the option you choose is the best one for your needs. Here are a few of the questions you should be prepared to ask in addition to researching financial advisor reviews.

A first question you may want to ask financial experts is if they have a designation for a specific finance realm. A designation basically means that the expert specializes in a certain finance related realm such as retirement planning or mortgage issues such as buying a home. If you have a specific savings goal like buying a home or building a college education fund, then you may want to consider hiring an advisor with a designation in the realm of your financial goal. You can also research financial advisor reviews on certain designations to be sure they are truly related to your wealth building goals.

A second question you should ask the specialists you meet with after reading financial advisor reviews is how they make their money. Some people are hesitant to ask this question because asking about another person's income is often considered a taboo topic. However, when hiring an investment advisor, they will be providing advice on which things you should invest in and how you should go about building wealth. Therefore, it stands to reason that you should know how the expert makes money on the advice they provide.

As reviews will tell you, some financial advisors make a living on a fee based basis and others work on commission. When an expert is fee based, this usually means that you will be paying for their services on an out of pocket basis. When an advisor is listed as being commission based, this typically means that they make a living off of recommending certain investments to their clients. Each of these options has its own unique benefits so whichever one you choose should be based on personal preferences and goals. The best way to determine which option is best for you is to read financial advisor reviews on what previous clients thought about them.

Any final questions you ask the advisors you interview will likely be based on your personal wealth building goals and reviews you have read. People typically seek the advice of experts on retirement planning, saving for parenthood and other plans. So, for example, if you read reviews on the importance of retirement planning, then you will want to ask the advisor about their experience in this realm. Ask about the account options they recommend such as 401k plans, Roth IRA, and traditional accounts. You can also read financial advisor reviews on each of these account types to be sure the advisor recommendations are truly the best options for you.

Find a Financial Advisor

Find an Advisor

Financial Advice

We can help you find a financial advisor

Our specialists will conduct a custom search to find local planners and advisors who meet your specific requirements.

"I wanted to be sure I met with an advisor who wouldn't just throw all sorts of financial jargon at me without explanation, and this site helped me find an advisor who was great at explaining things simply. Thanks!"

Sharon D, Tempe AZ