Financial planning and debt management can be very complicated. A certified financial planner can definitely help you to set attainable financial goals, to reduce your debt, and to invest your savings. But your financial planner needs to be right for you.
If you are generally very careful with your money, look for a conservative planner who you’ll be comfortable with. If you have a lot of money and are happy to take big risks with it in the hopes of big rewards (but understand that you could lose it too!), then look for a broker or financial planner who is known in the industry and is connected to people making those kinds of deals.
The Certified Financial Planner Board of Standards recommends that before hiring a financial planner you:
- Find out what experience the financial planner has
- Find out what qualifications the financial planner has
- Find out what services the financial planner offers
- Find out their general approach to financial planning
- Find out which team members will be working with you
- Find out how you will pay for their services
- Find out how much their services will cost
- Double check if the financial planner has any conflicts of interest with you
- Double check if the financial planner has been involved in any public actions for unethical or unlawful decisions
- Get a contract in writing
If you’re interested in finding a daily money manager, AADMM.com might be able to help.
