Resource Advisory Services | Fee-Only Financial Advisor | Knoxville

6 Steps to Finding a Great Adviser – Kiplinger

November 12th, 2010

Our Comment by J. David Lewis -   This is a very short and easy to read list of six items anyone should read when they consider hiring a financial adviser. There is more to money than money.^®   We believe working with a financial advisor is more about the relationship than the mathematical matters of money.

6 Steps to Finding a Great Adviser – Kiplinger.

3. Be picky. Get to know several candidates before settling on one. Personal chemistry matters, and there’s no point spending your money on advice from someone with whom you don’t feel at ease. Most advisers will give you a complimentary introductory session — in order to go over your needs, their process and what you can expect their services to cost — before you make a formal arrangement. Take advantage of these sessions. A good adviser should spend at least an hour learning about your full financial picture — including, for example, your goals, income needs, tax status and health, as well as the quality of your insurance coverage — before recommending any specific investments. It’s a red flag if he or she gives you a breathy spiel about some hot investment within the first five minutes of meeting you.

Be Sociable, Share!

• 

Entry Filed under: NAPFA Public Service,Published Articles