Where to Find a Financial Advisor
The first step in growing your wealth often starts with choosing the right financial advisor.
FindInvestPartners offers a seamless solution to help you find and connect with trustworthy financial advisors in just a few minutes. Simply complete our form, review the top three advisor matches our algorithm recommends, and schedule free introductory calls to meet them.
The best part? Our concierge team will be with you every step of the way, guiding you through the process of interviewing and selecting the advisor who best meets your needs.
Wealth planning is about crafting personalized goals that align with your financial vision. After all, everyone has unique priorities. Some focus on securing a comfortable retirement, others on building a legacy, some prioritize investments, while others may concentrate on minimizing taxes—the list is endless.
No matter what your financial goals are, wealth planning simplifies the process of taking action on them all at once. The first step is identifying your priorities and goals, and the second is finding an advisor you can trust to help you achieve them.
The benefits of wealth planning are numerous, but one of the most significant is the personalized support, confidence, and guidance you gain along the way. If you think you need to narrow down your financial priorities and focus on just a few, think again! A comprehensive approach allows you to address all your financial goals without compromise.
What To Look For In a Financial Advisor
Before you start looking for the right financial advisor, it’s important to narrow down the criteria for your search. Here are some factors to consider:
Service Model
Determine if you’re looking for a holistic financial plan, someone to manage your investments or a combination of the two.
Compensation Structure
If you want a financial advisor who is committed to acting in your best interests, a commission-free investment advisor or financial planner who is paid directly by you may be the best choice.
Location
Determine if it is necessary for you to be in the same city as your advisor. Keep in mind that technological advances, such as video conferencing, allow clients to build rapport with their advisors from the comfort of their homes.
Advisor Characteristics
Some investors only want to work with highly experienced advisors. Others, particularly millennials, often want to work with advisors who are in a similar life stage and share their preferences for communicating digitally. Do you have specific demographic requirements?
Questions to Ask Your Financial Advisor
- Is your firm a Registered Investment Advisor (RIA)?
- Do you have a fiduciary obligation to your clients?
- Is your firm independent?
- How are you compensated?
- Do you receive commissions or any other compensation from third parties?
- In what circumstances do you serve as a fiduciary, and in what circumstances do you not?
The last question is key. Most advisors get away with calling themselves a fiduciary because they can legally call themselves that, as long as they are a fiduciary some of the time. You wouldn’t go to a Doctor who only has your best interest in some events, but not others. You deserve an advisor you can trust all the time.