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Financial Tips: How to Find a Good Financial Investment Professional

– Posted in: Managing Your Finances, Money Management

Finding a good financial investment professional is essential for your future financial health. There are several different kinds of financial investment professionals and it is imperative that you find one that can meet your specific financial needs. There are so many financial scams today that this is not an area you can afford to take lightly. A bit of research is going to be necessary but I am going to make it a bit easier for you by providing  some financial tips- in this case,  five  tips for finding a good financial investment professional.

Financial Tips: How to Find a Good Financial Investment Professional

Financial Tips: How to Find a Good Financial Investment Professional

Look for a fiduciary- Best Financial Tip of All!

A fiduciary is a financial professional who is bound by oath to make decisions that are in your best interest. You might assume that all financial investment professionals would make this their goal but this is not always the case. For example, some work on commission. They may try to get you to invest in something you really can’t afford to because they get a higher return. You may get a return as well, but it may not be in time to meet your current financial needs.

Use a Certified Financial Professional or CFP

These professionals not only have the education to meet your needs but must stay involved in continuing education in order to keep up with the ever changing needs and laws of the financial world.

Hire a member of the National Association of Financial Advisors

This will assure you that they have the credentials and commitment to serve you and your financial needs best. Members of this association are fiduciaries and work based on fees rather than commissions.

Take advice from financially savvy friends

You don’t take child rearing advice from someone who has never had children and you shouldn’t take financial tips or advice from someone who is not financially successful. At the same time you may want to speak with someone who has been in your financial situation because their experience is similar to your own. They understand the numbers you are working with and the needs you are trying to meet. You can only afford to invest within your own means. While your future is important to you, you also need to be able to afford to take care of yourself on a day to day basis. Someone who has never been in your financial situation may not be able to advise you correctly.

Obtain a criminal record history

With so many different types of fraud and other white collar crimes on the rise, it’s important to make sure you are working with someone who has a sense of right and wrong. It’s easy enough to print up certificates and promote yourself as a CFP without actually being one or while having a criminal record. Do your own research to learn about the professional before you do the hiring. Your future could be at stake.

Whether you are investing in your retirement or trying to invest to raise money for your child’s education, it’s well worth it to use these five financial tips for finding a financial investment professional. You can save yourself unnecessary risk and financial loss by doing so.



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