Selecting a reputable financial advisor is as important as saving your money. The right financial advisor can help you plan a successful retirement, while an inept one can destroy your retirement dreams. The following 7 keys will help you select the right financial advisor:

1. Top Factors To Consider Before Finalizing A Financial
Advisor
Selecting a reputable financial advisor is as important as saving
your money. The right financial advisor can help you plan a
successful retirement, while an inept one can destroy your retirement
dreams. The following 7 keys will help you select the right financial
advisor:
1. Industry experience: Never underestimate the importance of
experience when selecting a financial advisor. The more clients that
a planner has helped, the more capable he will be to help you. Also,

2. the client list gives you a fair idea about the skills of the
professional.
2. Qualifications: Verify the planner’s qualifications before
hiring him. A qualified planner always has a degree and a
registration number with a reputed organization. You have every
right to ask him about his qualifications.
3. Services offered: Convey what type
of services you require to your
potential advisor. Ask him if he has
experience in dealing with those
services and if he could match your
expectations. This will give you
realistic expectations of your advisor.
4. Approach to work: There are two types of financial advisors,
one works for an hourly fee while the other works on a per
project basis. Frame a budget for yourself and see which approach
suits you better. In the long run, an hourly rate will prove to
be more expensive.
5. Personal attention: A financial advisor often works with an
intern or an assistant. Ask your financial planner (baltimore
financial advisor) if he would personally handle your finances
or his assistants will work for him. If your portfolio will be
assigned to his interns, ask him about what his review procedures
are.
6. Payment criteria: A financial planner can be paid by three
different modes: A fixed price A commission from the interest a
combination of the first two Finalize a payment plan while you
discuss all the terms and conditions of the agreement. Avoid
choosing the financial advisor that asks for advance money as

3. there might be something fishy.
7. Ask for his personal interests: Many companies offer
benefits and incentives to financial advisors for selling their
products. Even though this is perfectly okay, some advisors may
be tempted to sell bad products or products which are not
suitable for your portfolio. Be frank with your planner and ask
him if he is affiliated with a company.
8. Reviews: If you are planning to hire a financial advisor,
spend some time checking for their reputation in the market. The
best way is to look for the reviews online. You can even ask the
current clients of the financial advisors to know about their
firsthand experience.
Make sure that the terms you discuss with your planner are
translated into a written format. Get it duly signed and keep it
with you for future reference. Since it is extremely difficult to
trust a stranger with the finances of your life, you should try
to get some references from someone whom you know is taking the
services of a financial planner.