First and foremost, to get us going, we need to mention the fact that financial planners go by various titles such as where you find some calling themselves financial planners, financial advisors, investment advisors and financial consultants to mention but a few of the titles that they use for reference to their profession. Apart from this, you need to be aware of the fact that the financial planners as well can have varied training, qualifications and experience. Though, most of the financial planners have indeed taken and passed the courses and examinations related to financial planning and as such hold titles as given by the examining bodies or the industry regulators. There are as well some of them who have been licensed by the securities regulators to sell investments and or provide investment advice. Over and above all these is the bit that there are some of the financial planners who have such designation to practice accountancy and estate planning and as well are licensed to sell insurance. Looking at all these, it is as such a fact that when it comes to the choice of a financial planner, you need to have some things pondered over and well thought out. The following are some of the things that you need to have well thought of and determined before you make a decision over any financial planner to deal with.
What you need to ensure that you have done first is the need to be as clear in mind in your financial goals and needs. It is important and you must ensure that you settle for one who has the ability to satisfy your financial goals and needs. In this respect, should your interest be in finding the best tips in so far as investment advice goes, then you need to ensure that you are dealing with a financial planner who is registered with the state’s securities agency or regulator. On the other hand, if you are looking for advice on insurance, then you will be best advised to settle for the financial planner who has been licensed for insurance advice.
If you have any referrals from any of your trusted sources, then this is a plus but you need to back it with a look at the qualifications of the financial planner. Make sure that you have verified their credentials and see to it as well that you have gotten in touch with their professional associations so as to ensure that you have a know if at all there is any disciplinary action that is pending or that has been taken against the particular financial advisor you have in mind. In order to get a better idea of the qualification of the particular financial planner, it is so advisable to take a look at the securities commission database.