To start us off, we need to mention the fact that financial planners actually assume varied titles and these are such as where you will find them going by the references such as financial advisors, financial consultants, investment advisors and such like titles. Besides this, one needs to as well be aware of the fact that financial planners as well have such a wide set of training background, qualifications and experience as well in their practice. In spite of this, the fact is that most of the financial planners have actually taken and passed the courses and exams as relevant to the practice of financial planning and advisory services and as such have titles as granted by the relevant bodies or authorities examining the profession. Added to this is the fact that there are some of the financial advisors who happen to be licensed by the securities regulator bodies to sell investments and as well provide advice on investments. Some are further licensed to sell insurance and have with them designations allowing them to practice accountancy and estate planning. Looking at all these, it is as such a fact that when it comes to the choice of a financial planner, you need to have some things pondered over and well thought out. The following are some of the things that you need to have well thought of and determined before you make a decision over any financial planner to deal with.
Top in this is the need to be as clear on your financial goals and needs. You need to ensure that you pick one who will be suitable enough to meet your goals and needs. For instance take a case where you are looking for a financial advisor and your interests are in finding the best investment advice, then you need to make sure that you are getting down for the services of the financial advisor who is registered with the securities regulator. On the other hand, if you are looking for advice on insurance, then you will be best advised to settle for the financial planner who has been licensed for insurance advice.
Should you happen to be having some referrals from any of the trusted sources you know of, then this is a plus indeed but you need to have this backed by taking a look at the qualifications of the particular financial planner. Ensure that you have verified their credentials and call their professional associations to confirm if at all there is any complaint or disciplinary action taken or pending against the potential candidates. In order to get a better idea of the qualification of the particular financial planner, it is so advisable to take a look at the securities commission database.