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How To Pick a Financial Advisor

In some of our articles, you’ll find that we always advise you to talk to your financial advisor before making any decisions with your money. But, what if you don’t have a financial advisor, right? How do you choose a competent financial advisor?

How To Pick a Financial Advisor

Who is a financial advisor?

A financial advisor is a trained expert in investment and financial planning. Financial advisors are also called financial brokers — they also help to plan retirement or buy a home. 

Financial advisors are not expected to have any specific education but should be licensed to offer advice relating to finances. The certification they’re required to have is CFP (Certified Financial Planner), which is renewed yearly.

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What to look out for with a financial advisor? 


This is the first thing to find out — if the financial advisor is licensed or not. Another thing to look into is your state laws with advisors and find out what a financial advisor needs to possess to be licensed. Have in mind that rules vary from state to state. 

Do your research

Find out the type of clients your financial advisor is currently working with. If you think you are a small client compared to a group of big-time investors he’s working with, he might not make enough time for you. 

Also, get acquainted with financial terms and strategies so that when you talk with your advisor, you’ll have some knowledge about what they discuss with you. 


Ensure that your advisor will always be available whenever you need them. Check how many clients they currently work with. Find out if it’s easy to make an appointment with them. 

How far in advance do you need to set up an appointment with them? If the advisor seems too busy for you, look for other options.

Talk to more than one financial advisor

You may get lucky to find that the first advisor you talk to will be the one. But don’t stop there. It is advisable to speak to at least four advisors. You may get a better deal. 

When you talk to them, find out about their experience, fees and qualifications. Above all, ensure that they’re able to meet your financial goals.

Follow the above tips how to pick a financial advisor for your situation. When it comes to choosing an advisor to work with, remember to trust your gut. If you don’t feel confident in his ability, you don’t have to go with him.