How To Choose And Prepare To Meet A Financial Planner
To locate a Financial Planner that works for you:
- Consider the person's experience and education, the method by which the planner charges for his or her services, and the amount of the charge.
- Check references.
- If you're considering giving a planner control over your money, in addition to checking on the person, ask for proof that he or she is bonded and has errors and omissions insurance.
- Meet the planner in free introductory meeting. Prepare for the meeting.
Beware any planner who uses high-pressure tactics to sell you a product or to get you to sign an agreement. Also be wary of any planner who promises unusually high returns on your investments.
For information, see:
- How Can I Find A Financial Planner?
- Questions To Ask Before Hiring A Financial Planner
- Check References and Background
- How To Prepare For The Initial Meeting With A Financial Planner
TIP: Just as you don't surrender all control over your health to your medical care team, it is advisable to keep oversight over a financial planner reather than entirely hand the reins to your finances over to a financial planner.If you are not comfortable overseeing the planner, ask a trusted family member or friend to do it for you.