Education, experience, referrals, and compensation are just a few things to consider.
Even though we don’t always think about it, when we choose a financial advisor, we’re bringing a professional into the inner circle of our lives the same way we do when we choose a family physician or attorney. Planning for your retirement requires a specialist who understands the ins and outs of Social Security, investments, asset management, and insurance.
And that’s before they think about your personal experiences. Working with a financial advisor is an intensely personal process that involves your income, taxation, investments, your dreams in retirement, and what and how you want to leave a legacy for those important to you.
You may want to consider beginning your conversation by asking, “What inspired you to become a financial planner?” Don’t be afraid to discuss financial investment philosophies and find out the ways you are compatible with an advisor.
As you seek a financial advisor or retirement planning specialist, you may find this checklist useful in making the right choice.
Planning Services Offered
- Current Income Asset Management
- Budgeting and Money Management
- Goal Setting
- Retirement Planning
- Investment Review, Strategies and Planning
- Social Security Planning
- Tax Planning
- Estate Planning
- Insurance products
- Long-term Care
- Educational Funding
Are you willing to sign a Fiduciary Oath?
How long has the advisor provided financial planning services?
How is the advisor compensated?
- Fee-based (Fee and Commission)
- Fee Offset
Is the firm a Registered Investment Advisor?
Services & Deliverables
- Goal-setting Assessment – Worksheet/Tools
- Retirement Planning Analysis – Written Review
- Interactive Planning Tools
- E-books, Handouts & Resources
- Written Recommendations
- Implementation Processes
- Dashboards to Track Performance
- Provides Ongoing Advice
- College Degree
- Area of Study
- Graduate Degree
- Area of Study
Credentials & Professional Affiliations
- Certified Financial Planner (CFP)
- Chartered Financial Consultant (ChFC)
- Certified Public Accountant (CPA)
- Masters of Science, Financial Services (MSFS)
- Financial Planning Association (FPA)
Has the advisor ever been subject to disciplinary action with FINRA (Financial Industry Regulator Authority) or the SEC (Securities and Exchange Commission)?
Discover more about Annexus retirement planning solutions
For more information about solutions to grow retirement savings, secure guaranteed income for life and create a legacy, please contact your financial professional and ask for products powered by Annexus.