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Knowing what question you have to ask in order to find, interview and choose the right financial advisor for you is a very critical key. It is very important to choose the right one because otherwise it may lead to a disastrous financial consequence for you and your family.

Financial firms have an enormous marketing budget to create emotionally provocative marketing campaigns with flashy signs on buildings, striking logos and catchy slogans. They place advertisement on popular trade magazines, TV and radio and give their sales people a fancy label such as “Financial Consultant” or “Vice President of Investments”. The truth is, the flashy signs and fancy labels does not mean anything.

What you need to check in order to choose the right financial advisor for your family is the level of experience these people have in serving client’s needs and helping them to accomplish their financial goals. Here are the right questions to ask potential financial advisor. Make sure they answer each question thoroughly.

How long have you been:
1.) working directly with clients as their primary financial advisor?
2.) recommending investment and insurance products?
3.) actively and consistently creating financial plans for clients to help them achieve their financial goals?

How many:
4.) years did you spend training for your position as a financial advisor?
5.) written financial plans have you created for clients?

What:
6.) is your training background and where did you learn how to diagnose, manage, and solve your clients financial problems?
7.) firms have you worked for in the capacity of a financial advisor?

Now that you know the questions to ask them, you should also know the accepteble answer the questions:

Find only those who have a minimum of 3 years of experience. You may meet financial advisors who are still interns but are working close with a more experienced financial professionals who are working with clients directly themselves. These interns are required to do so for at least 3 years before they can be your primary financial advisor.

The NAPFA (National Association of Personal Financial Advisors) are now requiring that registered financial advisors have at least a college degree.

A financial advisor should have at least one credential of these two: a CERTIFIED FINANCIAL PLANNER™ (CFP®) or Chartered Financial Consultant® (ChFC®) designation. These two credentials shows the dedication to being among the best in the financial services field. Note that both credentials are difficult to achieve so if your financial advisor has one of the two, you can be certain that they have the experience and training which are vital for your financial success.

You need to understand also that many of the financial advisors do not actually write financial plans. Most of them are only “financial advisors” in title but in reality they are only salespeople in practice. Even though you do not think you would need a written financial plan, your financial advisor has to understand how to create one and they should also have experience to do so.

Before you decide to work with any financial advisor, take your time and ask questions in interviews. Expect reasonable answers. When you have done all that, you will find the confidence that you have found the right financial advisor to help you achieve your financial success.

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