Factors to Consider When Choosing a Financial Advisor
Not everyone needs a financial advisor, but there are many reasons why you would want to hire one. Whatever the purpose of applying for financial assistance, these criteria will help you choose the best consultant.
Forbes author Joel Johnson lists some important factors for choosing a good financial advisor . Here’s the big one:
In my opinion, it is very important to have a solid track record of being a good business person in order to be an effective broker or financial advisor. How someone can dispose of millions of dollars in other people’s money and not know how to do business is outside of me. Find an independent, industry-respected advisor who understands the ins and outs of doing business firsthand. This includes hiring and firing employees, overseeing customer service personnel, and delegating questions as they arise for effective answers, rather than doing everything yourself.
Johnson adds that this helps to find an advisor who is independent and respected in the financial community. This could mean that they participated in the articles as experts. Or maybe they have a shared blog that is being used as a source for respectable media outlets.
To learn more about how to choose the best advisor for your needs, check out its full post at the link below.
Four Last Factors When Choosing a Financial Advisor | Forbes