Top 5 Tips for Finding The Best Financial AdvisorThis is a featured page

Many middle-income Americans today are struggling to reach financial independence and peace of mind. As the entire world is going through much harder economic times, and unemployment rates are soaring in the US as well as everywhere else, that goal has become even more critical to millions of households.

In order to best understand what financial steps to take, ordinary Americans must first find the right personal financial advisor, provide them with details of their financial realities and aspirations, and get the highest value-for-money.
Some of the most critical questions you should ask your financial advisor are:
  • How much money do I need to retire?
  • How do I fund my children’s college education?
  • How can I increase return and reduce risk at the same time?
  • What should I do with my 401(k) money when I retire?
  • Where do I invest now?
  • How do I make my money last after I retire?
  • How can I build wealth faster?

Selecting the right financial advisor for you may not be as easy as it may seem. Top financial advisors – and you should only seek the services of those – can charge as much as $1,500 for a 45 minute phone appointment, and the standard 5.5% commission charged by insurance agents or stock brokers for investing a $ 50,000 in the context of your 401(K) plan will come to $2,740.

One key factor to be aware of, when you go to find a financial advisor, is what their commercial motivations may be, and whether they receive, on top of the fee they charge you for their advice, additional commissions paid by the providers of the specific financial plans they advocate you consider.
So when you are evaluating the right advisor for you, you best compare them against the following tips:
  • Are they top-tier personal financial advisors, recognized and accredited by reputable regulatory financial organizations?
  • How much experience they have providing advice to middle-class individuals?
  • Is their service based on fee-only compensation?
  • Do they operate based on the Fiduciary high standard, which renders them obligated to base the service only on their clients’ priorities – or do they receive 3rd-party commissions based on the advice they give you?
  • How fast and accessible is the service, regardless of where you live?

I personally have already selected my online personal finance advisor... PeoplesFinancialAdvisor.com!


More from Online Personal Finance...



No user avatar
PersonalFinanceUSA
Latest page update: made by PersonalFinanceUSA , May 28 2009, 1:21 PM EDT (about this update About This Update PersonalFinanceUSA Edited by PersonalFinanceUSA


view changes

- complete history)
More Info: links to this page
There are no threads for this page.  Be the first to start a new thread.

Related Content

  (what's this?Related ContentThanks to keyword tags, links to related pages and threads are added to the bottom of your pages. Up to 15 links are shown, determined by matching tags and by how recently the content was updated; keeping the most current at the top. Share your feedback on Wetpaint Central.)