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Further
Reading ...
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Should I Refinance? - Barrett Niehus
Should I Refinance? By Barrett Niehus Interest rates are at an all time low. Lower in fact than they have been in forty years. With this low rate comes huge opportunity for home owners to lower their payments and take some equity out of their...
Make Them an Offer They Can't Refuse! - Denise Hall
Every netrepreneur knows that the most important aspect of building a business is responsive leads. Whether you publish an ezine or just send occasional sales letters via e-mail, if you don't get a good response, you won't have a profitable...
When Your Customers Steal - Chris Malta
"When Your Customers Steal" You know it’s a slow news day when the news programs on TV turn their attention to their favorite new consumer warning “Beware of online businesses!” they cry. “YOU could be SCAMMED on the Internet!” Every time I see one...
How Do I Get Preapproved for a mortgage? - Syd Johnson
Getting preapproved for a home loan is one of the best ways to get a leg up on the competition when shopping for a home. The real estate market is soaring because of low interest rates that have brought home buying to average Americans. All over...
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CHOOSING THE RIGHT FINANCIAL PLANNER
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Written By:
Richmond Acheampong
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Choosing a financial planner is a very important decision. Who will you trust to handle your life savings and plan your financial future? The fact that someone claims to be a financial planner does not qualify him or her to handle your money. They must have the proper certification, experience and knowledge.
The Four Cs of choosing a financial planner
1. Credentials
·What certifications, college /university degrees and experience does he/she have?
·How many clients or how much money does he/she handle?
·Make sure the planner is registered with the Investment Dealers Association in your area or Certified by a Government body
2. Compensation
·How are you compensated? Flat fees, salary or commission? (Beware of those who earn big commissions for placing you in high risk funds)
·Are there any hidden underwriting fees with my investment fund?
·Will you explain all the cost involved with each investment?
·What is the cost of liquidating or canceling my account with your firm? (Good to know, if you decide to switch funds or investment companies)
3. Characteristics
·What is your investment philosophy?
·Do you focus on domestic markets, foreign market or both? (Answer should be both)
·What is your specialty? - continued below ...
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Your strongest area? (Global portfolio management, no load mutual funds, stocks, bonds etc)
·How do you view risk and how does your philosophy fit my risk tolerance?
4. Customer service
·What services does your firm offer?
·How accessible will you (the agent) be?
·Will you review the funds last 5 to 10year performance in the prospectus?
·What has been your year-to-year investment performance?
·What was you worst year? Best year? And why? (Look for defensiveness or humility after raising this question, it reveals personality type)
·Do you offer financial planning, money management or both?
In conclusion, a financial planner works for you, and should be compatible with your personality, risk tolerance and financial goals. Make sure that your hard earn money is in good hands. Interview potential planners, ask for references and call at least 3 of those references.
For more information and articles pertaining to family life, visit:
http://www.parenttree.com
About the Author
Richmond Acheampong is the editor and founder of Parent Tree online family Resource. A web site promoting family health and balance with useful articles, products, advice columns and resourceful links.
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| _Additional Resources ... |
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Choosing A Business Model For Your Online Business - Leigh Butler
Choosing A Business Model For Your Online Business (c)Copyright 2004 by Leigh Butler http://www.onlinebusinessresources.net Whether you already have an online business or would like to start one, developing a business model is a must. A business ...
A PR Surprise for Managers - Robert A Kelly
For those business, non-profit and association managers committed to PR tactics like radio and newspaper plugs, it can come as a surprise to discover where public relations value REALLY lies. Truth is, your PR budget can deliver results far...
Separating Business From Home Life - Yasmeen Abdur Rahman
If you're a home-based business owner, it could be difficult to manage your time. Since your office is located within your home, you tend to spend much more time working in your office than spending quality time with your family. There is that...
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