How should I find and choose a good financial advisor?

Posted by admin on Sunday, October 29, 2006 · 3 Comments 

Rez asked:


I live in Anaheim, CA and am looking to seek the help of a financial advisor but don’t know where to start. Can anyone point me in the right direction? Thanks!

Financial Advisor
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Comments

3 Responses to “How should I find and choose a good financial advisor?”
  1. Las Vegas Financial Adviser says:
    October 30, 2006 at 4:58 am

    Las Vegas Financial Adviser

    don’t

    save some money and learn about it yourself

  2. Las Vegas Financial Advisor says:
    November 2, 2006 at 2:59 pm

    Financial Adviser

    Go to the Certified Financial Planner Board – to find planners in your neighborhood.

    You can also use a CPA with a Personal Financial Specialist designation. You can find them at

    You should look for a fee only adviser – one that gets paid by the hour or the task. Some advisers work on a commission basis. So although you don’t need to pay for their services, you have to be concerned about conflict of interest – the adviser might steer you to a product that pays him well but is not necessarily the best for you.

    Advisers are supposed to file a Form ADV which lists potential conflicts of interest. Ask for it and see if there is anything that makes you uncomfortable.

    If you aren’t a millionaire don’t look for advisers who specialize in high end clients. You want someone who is more familiar with your personal financial circumstances and who is also one you feel comfortable confiding in and working with.

  3. Financial Advisor Las Vegas says:
    November 4, 2006 at 5:20 am

    financial advisor

    A financial adviser is a professional who renders investment advice and financial planning services to individuals and businesses. Ideally, the financial adviser helps the client maximize their net worth by proper asset allocation. Financial advisers use stocks, bonds, mutual funds and insurance products to meet the needs of their clients. Many financial advisers receive a commission payment for the various financial products that they broker, although “fee-based” planning is becoming increasingly popular in the industry.

    In the United States of America, the NASD regulates and oversees the activities of more than 5,050 brokerage firms, approximately 172,050 branch offices and more than 663,050 registered securities representatives. A financial advisor or stock broker should be licensed to provide any consultation on investment in securities.

    Try UBS AG, they’re a diversified global financial services company and I’ve found them to be very good.