Choosing a Financial Advisor to Avoid Problems

Most people have a difficult time deciding where andor they are not believers, you may want to look
how to get a trustworthy financial advisor. Weelsewhere. Spiritual Development is not a prerequisite
typically have no better idea of where to go forfor honesty and integrity, but it is certainly a very
financial advice than we have for medical specialists.good indicator. That is one reason that most sales
And similarly, we usually ask friends or relatives whotraining experts and organizations such as the Million
have had some experience with these matters forDollar Roundtable have an emphasis on the realization
their advice. But sometimes that advice canthat we are all accountable to God.
sometimes be confusing, contradictory or just plain"Do you have references or clients who I can speak
wrong.to?" Find out how their customers and clients feel
The best way to find someone is to be aware ofthey were treated and if they had any problems
how that advisor can assist you in putting your needswith this advisor.
and goals into action. You can do this by asking a"How are you compensated?" The advisor should
series of questions that will let you know about thehave no problem telling you whether they are paid
knowledge and character of the advisor.by commissions on product sales, fees from providing
Ask "Why should I work with you?" If an advisor,planning or a combination of the two. The problem
financial planner or insurance or investmentcomes when there is no disclosure. A professional
professional cannot answer this question well, theyadvisor is able to give good advice regardless of the
shouldn't be in the business.way they are paid.
"What are your qualifications?" The advisor should beIf you are able to get satisfactory answers to these
able to describe the training they have received,questions, you may have a good source for financial
what continuing education requirements they haveadvice. Do not be afraid to ask to speak to their
completed and any professional organizations theymanager, director or vice-president if you feel they
belong to. The fewer things that they have, the lesshave been unfair or unresponsive to you.
likely they are to be serious about their career choiceDon't neglect getting information about advisors from
and the less depth they have for being able to giveother professionals you deal with, such as
you good advice.accountants, lawyers and business owners. Often,
"How long have you been in the business?" Whilethey will have particular professionals they deal with
there are some good people who are just beginningwho may be able to assist you as well.
their careers, if you have more complex problemsFinally, if you get good advice from them, tell others
you may want them to bring in more experiencedabout their services. They will appreciate the referral
help to assist them and you with your situation.and you will support a person in business in a very
"Who is your pastor?" If they do not have a pastorpractical way.