Summary of Using Financial Planners
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Summary of Using Financial Planners
The more you put into your time with a financial planner, the more you will get out of it. A financial planner is there to help you set and meet financial goals in various areas of your financial life. Your planner will take a look at where your finances are now, what your financial goals are, and what steps you can take to help meet these goals. If you understand what financial planners can do for you, how they charge for services, and the different licenses they carry, you may have a better financial planning experience.
Practical Ideas I Can Start with Today
- Ask trusted sources for planner recommendations, review the planners’ credentials, get references from them, and interview some.
- Investigate whether my prospective planner has a disciplinary history with the appropriate professional organization.
- Thoroughly discuss and document what services the planner will and will not perform.
- Understand how my planner will be compensated. If compensation is based on product sales, understand any conflicts of interest.
What you have learned
- What Is a Financial Planner?
- What Do Financial Planners Do?
- How Are Financial Planners Compensated?
- Questions to Ask Your Financial Planner
- Financial Planner Designations and Professional Associations