Know your financial needs before hiring a financial advisor

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Know your financial needs before hiring a
financial advisor
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External financial advice is very important,
particularly, for established businesses.
However, financial advisers have a mixed
reputation in the market for their services
offered feels Brian Linnekens. There is pool of
financial advisers in the market but many of
these are known for their insightful
advice.   Clear you doubts of hiring a financial
adviser The first and most important question to
know is your requirement. You must know whether
you need advice or just information for your
finances. For people who are just seeking some
information like what should be done with pension
etc. you can log on to several websites. These
websites include information about mortgages plus
the best savings and credit card
deals.   However, in case you are short of time
and are not confident about your finances,
seeking financial advisers advice is crucial. An
adviser can recommend several appropriate
products. Usually, advisers expertise are in
different areas- some are financial advisers
while some are stockbrokers, tax advisers etc.
Make sure you hire an independent adviser who can
recommend you appropriate products from the
market. Some of the pointers to hire financial
advisers according to Brian Linnekens are
3
External financial advice is very important,
particularly, for established businesses.
However, financial advisers have a mixed
reputation in the market for their services
offered feels Brian Linnekens. There is pool of
financial advisers in the market but many of
these are known for their insightful
advice.   Clear you doubts of hiring a financial
adviser The first and most important question to
know is your requirement. You must know whether
you need advice or just information for your
finances. For people who are just seeking some
information like what should be done with pension
etc. you can log on to several websites. These
websites include information about mortgages plus
the best savings and credit card
deals.   However, in case you are short of time
and are not confident about your finances,
seeking financial advisers advice is crucial. An
adviser can recommend several appropriate
products. Usually, advisers expertise are in
different areas- some are financial advisers
while some are stockbrokers, tax advisers etc.
Make sure you hire an independent adviser who can
recommend you appropriate products from the
market. Some of the pointers to hire financial
advisers according to Brian Linnekens are
4
Understand how the adviser gets paid- Some
financial planners are paid a fixed amount during
their tenure so they dont charge commissions for
the services. On the other hand, commission based
planners dont charge their clients for frequent
visits rather they owe some portion in the
products and services. Fee-only advisers are rare
so the majority of financial advisers are
commission based.   Know the alphabet soup- A
Certified Financial Planner (CFP) is a person who
would be able to advise you on the whole
financial picture. However, the CFA is the person
with expertise in investing and CPA is a person
tackling with tax issues. You would have to
choose the one who fits your requirements.   In
current market scenario, picking the right
financial help is really tedious. Clients have to
be extra careful about hiring the best one. If
you hire the wrong person, it could be
disappointing for you in future. Finances have to
be managed by a person who is an expert in his
area and trustworthy. Research and planning is
crucial and do as much as research you can to get
the right one.   Article Resource -
http//www.brianlinnekens.net/know-your-financial-
needs-before-hiring-a-financial-advisor/