Check out the financial planner's credentials
When shopping around for a financial advisor, look for accreditations, such as a Certified Financial Planner (CFP) or Registered Financial Planner (RFP). If they will be handling your investments, choose a reputable Chartered Financial Analyst (CFA).
If you’re trying to get out of debt or are sandwiched between dependent children and ageing parents, take a seat. “We recognise that financial advisors can take a back burner,” says money coach and CFP Sheila Walkington. “But it’s like insurance – get it before you need it.”
Go beyond the usual suspects
Using your bank’s in-house financial advisors may be convenient. But while their products might suit your needs, they’re limited. It’s best to ask for a referral from family and friends. Look for a financial advisor whose clients are roughly in the same financial situation and life stage as you. And don’t be afraid to interview more than one candidate.
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