| Selecting the correct financial planner is a very | | | | planner that is working on their own is at a huge |
| daunting task as you end up putting a lot of trust | | | | disadvantage. Most financial planners work in teams |
| into these individuals. There are several areas that | | | | today. |
| need to be taken into consideration prior to making | | | | · What types of clients do they currently |
| your selection. Be sure to take some of these | | | | serve? Check and see what kinds of clients they |
| factors into consideration: | | | | have and the total number of clients that they serve. |
| · What is their experience? Are you going to | | | | By seeing the number of clients they have it can help |
| trust your money with somebody who just started | | | | show you if they are successful at what they are |
| their financial planning career? If that were the case I | | | | providing. |
| would trust my own instants to make my own | | | | · What type of fees are they charging? |
| decisions. Consider using somebody with a minimum | | | | Expect to pay anywhere from $1,500 to $2,000 to |
| experience level of three years. | | | | have a personalized plan made for you. It is critical |
| · What type of credentials do they have? | | | | that you go over this with your advisor before giving |
| Having a good education is important for any financial | | | | them your business. Anything less than this should be |
| planner. Check to see if they are a Certified Financial | | | | a sign of caution. |
| Planner and that they are a Chartered Financial | | | | · What are your personal feelings? Don't |
| Consultant. | | | | ignore your gut instants. How many times in the past |
| · What methods of support do they have? | | | | have you thought something did not feel right and it |
| It is critical to verify that your financial planner has | | | | turned out not to be. Remember it is important that |
| the proper equipment and support staff. A financial | | | | you are comfortable with this individual. |