5 Questions to Help Find an Alpharetta Financial AdvisorSubmitted by Integras Partners on June 13th, 2017
One-third of Americans have no financial plan. Don’t continue to invest or save without one!
When looking for financial planning services in Alpharetta, it’s important to find the best professional available. Not everyone will be the right fit for you and your situation. You can start by asking these five questions:
How Are You Paid?
Knowing how your financial advisor is paid may not be your first question but is critically important. The more of the fee you pay, the more committed the Alpharetta financial advisor will be to you. Are they fee-only, meaning all their income is from you? Or do they receive commissions, a possible incentive to recommend specific products?
If they are 100% commission, consider finding financial planning services elsewhere.
Are You a Fiduciary?
You want to make sure that your financial advisor has your best interests at heart.
Not all financial planners consider themselves fiduciaries, so be sure to ask. A financial planner who is not a fiduciary is currently allowed to make investment recommendations based on whether those investments are suitable, a lower standard than being the best move for you. They could be swayed by employer or personal objectives. A fiduciaries duty is to you.
What Is Your Education and Experience?
Advisors can have wildly different educational backgrounds. Does your firm have Certified Financial Planners®? The right financial professional should also have the expertise that complements your needs. Asking your potential Alpharetta financial advisor about his or her background can ensure you're finding the right fit.
Someone who specializes in helping retirees may not be a good fit if you're a Gen Y or Millennial. True financial planning encompasses risk management, tax management, saving for college, retirement and estate planning.
Who Are Your Typical Clients?
It’s important to choose an advisor familiar with your financial situation and has experience with clients like you. By asking who they generally work with, you’ll get a good sense of whether they’re a good fit for you.
If you have a specific interest, such as socially responsible investing or making the best investment and savings plan for your child’s college education, be sure to pick an advisor who has helped clients in that same way in the past.
What's Your Investment Philosophy?
When choosing a financial advisor, you also want to ensure that their investment philosophy matches yours. Are you more of a buy-and-hold investor, or are you interested in active trading? How much are you affected by economic downturns?
If you have a high aversion to risk, be sure not to choose an active, freewheeling trader. But if you want to take some risks to increase profits, be sure not to choose a financial advisor who believes a buy-and-hold strategy is ideal.
Choosing the right financial advisor doesn’t have to be difficult. If you’re interested in financial services in Alpharetta, Integras Partners is here to help. We’re not going to ask you 14 hypothetical questions and point you to a single model portfolio. We get to know you and are committed to building a relationship based on realizing your financial needs. If you’re tired of one-size-fits-all investing advice, contact us today!