Did you get a chance to read our last blog yet? If so, you already know that finding the right financial planner can be a tricky process. Many of them say the same things, but it can be hard to determine which one will actually work well for you. We came up with a couple of questions that you should ask your potential financial planner, to help you to decide if they are a good fit for you, your goals, and your financial situation. The following is a list of a few more questions that you should ask your potential financial planner:

  • Is there a type of client that you specialize in working with? – Some financial planners prefer to work with specific kinds of clients. For instance, one may specialize in working with clients planning for retirement, while another may specialize in working with clients looking to invest. Make sure that your financial planner’s specialty is compatible with your goals and your needs.
  • What is your plan for managing conflicts of interest? – If your potential financial planner makes their money based on commission, they might be tempted to sell you a product or an investment that gives them the highest payout, even if it isn’t in your best interest. This is just one example of a conflict of interest that you may run into, and if you know how your financial planner deals with them, you will know exactly what to expect.
  • Do you have any advanced designations? – Consider working with some one who is a CERTIFIED FINANCIAL PLANNER™ professional or has a similar advanced planning designation. CFP® practitioners are bound by strict ethical and confidentiality standards and earn their mark through rigorous education and practice.

Asking these questions won’t guarantee that you’ve found the right financial planner, but they are a good starting point. If you have any questions or concerns or would like to meet with one of our planners, please give us a call today at 239-455-1100 or fill out the form below to request a free consultation.