Qualities to look for in a Financial Professional

You can choose a financial professional that charges reasonable fees for the services you’re interested in, or you can choose one that is paid by commission, which could help with affordability. With all of your other responsibilities, it can be hard to focus enough time on this one aspect of your life. Here are some tips on how to select a financial professional who best fits your needs and who will serve you and your money best.

Qualities to look for in a financial professional

Knowledge: you are looking for a financial professional who is humble and smart enough to admit that they don’t know what the market is going to do.

Attentiveness: expect to see your financial professional only a few times a year. The responsibility to schedule those meetings is shared between you and your financial professional. Set communication expectations that work for both of you.

Ability to teach: a great financial professional will manage your finances as well as educate without boring or overwhelming you so that you can become a more confident investor.

Risk radar: make sure your financial professional is willing to learn about you and respect your risk tolerance; however, your financial professional should also push and challenge you after trust has been established. Start your search by asking people you trust for referrals to financial professionals they trust and have had positive experiences and outcomes with.

Reasonable fees/commissions: whether your financial professional is paid commission or is fee based may be a big part of your decision, but what is most important is that you choose a financial professional who charges a rate that is agreeable and affordable to you.

Your financial professional is there to help you look for and evaluate investment opportunities and increase your net worth, nothing more, nothing less. Now that you know the value of a financial professional and what qualities to look for, start your search today!

More information about finding a financial professional visit One Day is Today or listen to this podcast: