Do you have financial goals? Have you established these as tangible goals that you can measure and work toward? If not, chances are you need to take the time to begin developing your financial plan. Financial Planning is not just something that happens; but instead something you, along with your financial advisor will have to work to develop. Some tips to help you find a quality financial advisor are highlighted here.
Avoid Cold Calls
If a financial advisor cold calls you, and is a person that you have never heard of and don’t know, then you should avoid using their services. The best thing to do in these situations is simply hang up the phone. A reputable advisor will not have to seek out clients in this manner; instead their clients will seek them out.
Avoid House Calls
If you find an advisor that offers to come to your home, then there is likely something wrong with them, or their services. Successful and reputable financial advisors should not have time to breathe, let alone visit your home.
Visit the Office
You need to make sure that you visit the advisors office prior to hiring them. You should pay close attention to how they maintain their professional area. Does it appear neat and well-organized? Are they busy? These are all good indications you have found a quality financial advisor.
They Ask the Right Questions
When you find a quality financial advisor, they will ask you certain questions. Some of the questions you should watch for, which will be a clear indication of an experienced financial advisor, include:
- How your current state of health is?
- If you are currently in debt?
- Are you caring for your aging parents?
- Have you developed a trust or will?
- Will you inherit any money one day?
- Are you planning to make a major purchase?
- Have you developed a retirement plan?
These questions will help the advisor determine your financial goals. It will also help them to develop a custom plan based on your needs. When you keep this in mind, you can feel confident that you have found a quality service and that you will be able to work toward your financial goals.