ion 3: What should I consider in choosing a financial planner?
Thousands of individuals and companies hold themselves out to prospective clients such as you. They call themselves financial counselors, financial advisors, financial planners, senior specialists, investment advisors, investment specialists, trusted representatives, etc. How do you find the right financial planner and investment advisor from among the multitude of competing providers? It is important that you find someone who is trained and certified with qualifications necessary to offer financial planning. Some titles that are used have few or no educational or experience requirements behind them. It is also important to know what rewards the person or firm receives for their recommendations to you. A person who sells a type of product is likely to recommend that product because that is how they and their firm make money. Make sure they disclose and you understand the specific compensation or the incentives they have for recommending one action, investment or insurance product over
