SELECTING THE RIGHT FINANCIAL ADVISOR
Research shows that the majority of individuals find their financial advisor through a referral from a close friend, a relative, or another financial professional such as a CPA or Attorney. Referrals can indeed be a good place to start, but pursuing any new financial advisor relationship is worth the effort of exploring how they will fit with you.
Further, situations such as Madoff, Stanford, and a host of others in recent history have reminded us that not all advisors have your best interest at heart. Additionally, financial advising can mean just about anything. In some firms it’s about recommending stocks, mutual funds or insurance products. In others, it may be a comprehensive financial planning process involving multiple aspects of your financial well-being.