Choosing,The,Right,Financial,P finance, share, loan Choosing The Right Financial Planner


If your financial problems have reached the point where you do not see a way out and you feel as though you are drowning in debt, your best way out is through declaring bankruptcy. Filing may well allow you to get your finances back on track Thankfully, there are now several web sites that are there to help people like you with bad credit to find the fast personal loans that you need. When you have bad credit, the first thing that you should be looking for is a loan company that


The Four Cs of choosing a financial planner 1. Credentials
  • What certifications, college /university degrees and experience does he/she have?
  • How many clients or how much money does he/she handle?
  • Make sure the planner is registered with the Investment Dealers Association in your area or Certified by a Government body
2. Compensation
  • How are you compensated? Flat fees, salary or commission? (Beware of those who earn big commissions for placing you in high risk funds)
  • Are there any hidden underwriting fees with my investment fund?
  • Will you explain all the cost involved with each investment?
  • What is the cost of liquidating or canceling my account with your firm? (Good to know, if you decide to switch funds or investment companies)
3. Characteristics
  • What is your investment philosophy?
  • Do you focus on domestic markets, foreign market or both? (Answer should be both)
  • What is your specialty? Your strongest area? (Global portfolio management, no load mutual funds, stocks, bonds etc)
  • How do you view risk and how does your philosophy fit my risk tolerance?
4. Customer service
  • What services does your firm offer?
  • How accessible will you (the agent) be?
  • Will you review the funds last 5 to 10year performance in the prospectus?
  • What has been your year-to-year investment performance?
  • What was you worst year? Best year? And why? (Look for defensiveness or humility after raising this question, it reveals personality type)
  • Do you offer financial planning, money management or both?
In conclusion, a financial planner works for you, and should be compatible with your personality, risk tolerance and financial goals. Make sure that your hard earn money is in good hands. Interview potential planners, ask for references and call at least 3 of those references. For more information and articles pertaining to family life, visit:http://www.parenttree.com Article Tags: Financial Planner

Choosing,The,Right,Financial,P

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