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Choosing A Financial Advisor

Choosing A Financial Advisor with budgeting records

Choosing a financial advisor or financial coach is one of the most important decisions that you will ever make for your family. It is critical that you find a financial coach that cares about your family. It will be important that you not only like your financial advisor but that you trust his advice as well. In order for this to happen, it will be necessary for you to get to know him. Therefore, a substantial interview and “get to know each other session” will be important. Lots of questions should be exchanged from both parties. Understanding and the ability to be honest with each other will be necessary. You should feel comfortable prior to moving forward. If you don’t feel comfortable with each other you should not move forward.

During the selection process for choosing a financial advisor remember not to be in a hurry. This is something you only want to do once. It’s kind of like getting married. The fewer times you do it the better off you usually are. Ask your candidate for the financial advisor position to provide several references for you to contact. If this creates a stumbling block then you probably do not have the right person selected. Move on and ask people you know and trust for a financial advisor or coach reference. They very likely may know someone that you will be pleased with.

Choosing A Financial Advisor discussing with clients

Before choosing a financial advisor it will be helpful for you to have some financial goals that you would like to achieve. Some examples of financial goals could be;

  • Getting out of debt
  • Buying a home
  • College planning for children
  • Wedding planning for children
  • Acquiring a vacation home
  • Retirement planning

A quality financial planner will have a questionnaire for you to fill out with specifics in mind. Some generalities will be sufficient for some answers but most will require you to be specific so individual plans can be made to suit your individual needs. Many of the questions will seem very personal, however, they are necessary for success to be achieved. This is why it is essential for you to like and trust the person that you are considering. Choosing a financial advisor for your family is a step in the right direction. It acknowledges that you are seeking professional assistance in achieving your family’s financial goals. Kevin Smith is a financial advisor and coach that understands what his job is. He wants to help you live a financially fit life just as he and his family does! Contact him today!