How to Choose a Financial Planner?

The financial planners are trained professionals in the investment concepts and customized financial advice qualified. This is a professional who will help you identify your goals and create a concrete plan to achieve them. They can guide you on existing laws, rules and regulations. Your advice will reflect what you want to achieve with your finances, alleviating the burden of investing your time and compensating for your lack of financial experience. It is important to investigate a little before choosing it. Now, write down what you should ask your advisors to choose the most suitable for your needs:

After the recent crisis of confidence generated, among other things, by the irregular sale of some financial products, private clients should look for the most qualified professionals when it comes to receiving investment advice and knowing the best options for saving or investing. To quote an example of an amazing financial planner who needs no introduction is Ed Rempel. In regard to Ed Rempel Brampton, all we can say is that he is a certified financial planner, and also blogs according to his experiences and shares meaningful insights.

A profile, some products: A good financial adviser should know perfectly the profile of his client (risk, investment capacity, personal situation, etc.) and will never recommend products that do not adapt to their expectations and needs. 

No rush or pressure: A responsible financial advisor will not force your client to sign something he or she is not totally convinced of. A phrase like “the offer of this product ends tomorrow” should arouse investor alerts.

Information in writing:  A responsible and ethical advisor will provide your client with all the financial product information in writing, so that you can study it and review it calmly: possible commissions, penalties, charges, interest rates, risks, etc.

Various product options: The advisor will not insist on ‘placing’ certain products. If the client is not convinced, you can propose several alternatives according to your profile and always clarifying the advantages and disadvantages involved in each option.

Qualified counsellor is worth two: A properly trained counsellor can make a big difference for the investor by optimizing their decisions and avoiding the wrong savings decisions.

Language without technicalities: A financial adviser should be able to explain their financial recommendations in a correct language, but that the client understands and does not hide behind technicalities to avoid other aspects.

Shared responsibility: It is recommended that the client is interested in promoting their financial culture. After all, he will be the one who takes the last investment decision, after knowing the different alternatives that are presented to him. 

Constant update: The financial advisor must be up-to-date on all market movements and take them into account when proposing the best investment alternatives to a saver. 

Fees: Ask how much you charge, and ask for specific details about it. Usually the fees are per hour, but some do it by commission, charge a certain amount, or have other payment options. 

Experience: It is best that you have five or more years of experience in your field, which indicates that you have a solid clientele and reputation.

Conduct: The counsellor should never be so eager to have clients as to pressure you to make a decision or make an advance payment. 

Attitude: Ask how it will help you achieve your financial expectations, to know the positive and negative factors of each financial strategy offered.