What to Know Before Hiring a Financial Adviser

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This week, we talked to the XY Planning Network about the questions to ask and the steps to take before hiring a financial planner. We were joined by an awesome group of certified financial planners; including:

• Alan Moore: co-founder of XY Planning Network:
• Katie Brewer: CFP®, founder of Your Richest Life Planning
• Daniel Wrenne: CFP®, founder of Wrenne Financial Planning
• Mary Beth Storjohann: CFP®, founder of Workable Wealth
• Sophia Bera: CFP®, founder of Gen Y Planning

Questions We Discussed:

• Q1: Why have many people never seen a financial adviser?
• Q2: Why is seeing a financial counselor helpful? When is a good time?
• Q3: What types of qualifications and experience should an adviser have?
• Q4: What types of financial advisers should you avoid? Any warning signs?
• Q5: What services do financial planners offer?
• Q6: How are financial advisers compensated for providing services to you?
• Q7: How can you make sure a financial planner is a fiduciary?
• Q8: Where can you go online to find a qualified financial adviser?
• Q9: How often does a person need to see a financial adviser?
• Q10: Any final tips on how to find a great financial planner?

Featured Highlights on SlideShare:

Tweetable Tips:

People don’t plan to fail, they fail to plan! A planner will help you get it done. @WrenneFinancial
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Look a financial adviser who is a certified financial planner (CFP). They’re licensed and regulated, plus take mandatory classes on different aspects of financial planning.
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Interview a few different people. There are many great planners out there, but it often comes down to a personality fit. @Sophiabera
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Working with a Financial Planner is a relationship. Approach the search like you would a partner. @ErikOKlumpp
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