what to know before hiring a financial adviser

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  • #CreditChatWednesdays | 3 p.m. ET

    What to Know Before Hiring a Financial Adviser Featuring Certified Financial Planners: @R_Alan_Moore, @KatieYRL, @WrenneFinancial, @Marybstorj and @Sophiabera

  • Join our #CreditChat every Wednesday at 3 p.m. ET. This week, we talked about steps to take before hiring a financial planner.

    Check Out All the Tweets and Resources:

    ex.pn/adviser

    http://www.experian.com/blogs/news/about/hire-financial-advisor/

  • Wednesdays | 3 p.m. ET

    Why have many people never seen a financial adviser?

    #CreditChat

  • Many people never see financial advisers because of lack of awareness, cost, or apathy toward financial matters.

    Tweet by @GraceKvantas

    #CreditChat

  • Tweet by @Sophiabera

    to work with a financial planner.Many people dont think they have enough money

    #CreditChat

  • Working with an advisor also means being ready for change and exposing bad habits, which can be a tough pill to swallow.

    Tweet by @Marybstorj

    #CreditChat

  • Wednesdays | 3 p.m. ET

    Why is seeing a financial counselor helpful? When is a good time?

    #CreditChat

  • While most people wait until theres a problem, you can really go at any time. In fact, its better to go BEFORE trouble.

    Tweet by @LeslieHTayneEsq

    #CreditChat

  • People dont plan to fail, they fail to plan! A planner will help you get it done. Tweet by @WrenneFinancial

    #CreditChat

  • Any time is good to meet with a planner -- Facing life transitions, tackling debt, figuring out employee benefits, goal planning.

    Tweet by @Marybstorj

    #CreditChat

  • Wednesdays | 3 p.m. ET

    What types of qualifications and experience should an adviser have?

    #CreditChat

  • Look for a financial adviser who is a certified financial planner (CFP). Theyre licensed and regulated, plus take mandatory classes on

    different aspects of financial planning. Source: The Wall Street Journal

    #CreditChat

  • Look for an advisor who specializes in clients like you. Tweet by @ErikOKlumpp

    #CreditChat

  • Wednesdays | 3 p.m. ET

    What types of financial advisers should you avoid? Any warning signs?

    #CreditChat

  • If you feel like youre being pushed, sold or talked down to,run away and find a better advisor. Tweet by @KatieYRL

    #CreditChat

  • Avoid any advisor who does not have a clear, transparent fee structure and who will not work as your fiduciary.

    Tweet by @XYPlanning

    #CreditChat

  • Wednesdays | 3 p.m. ET

    What services do financial planners offer?

    #CreditChat

  • Organization - Accountability - Objectivity - Proactivity - Education - Partnership

    Tweet by @WrenneFinancial

    #CreditChat

  • Budgeting help, debt repayment plans, maximizing companybenefits, choosing 401(k) investments, goal setting and more! Tweet by @Sophiabera

    #CreditChat

  • Wednesdays | 3 p.m. ET

    How are financial advisers compensated for providing services?

    #CreditChat

  • Good financial advisors should only get paid by you (the client) directly through fees. We call that being fee-only.

    Tweet by @R_Alan_Moore

    #CreditChat

  • Know the difference between fee-only and fee-based. Fee-onlyis paid by YOU. Fee-based can also receive outside commissions.

    Tweet by @ErikOKlumpp

    #CreditChat

  • Wednesdays | 3 p.m. ET

    How can you make sure a financial planner is a fiduciary?

    #CreditChat

  • Questions to ask your financial adviser:

    - Are you acting under fiduciary standard?- Can you put that in writing?

    Source: Bankrate

    #CreditChat

  • Ask a planner to sign a fiduciary oath. All #XYNP

    Tweet by @XYPlanning

    advisors have taken an oath.

    #CreditChat

  • Wednesdays | 3 p.m. ET

    How often does a person need to see a financial adviser?

    #CreditChat

  • This usually depends on the person, but I think quarterly or semi-annually is sufficient. Tweet by @LeslieHTayneEsq

    #CreditChat

  • Wednesdays | 3 p.m. ET

    Any final tips on how to find a great financial planner?

    #CreditChat

  • Interview a few different people. There are many great planners out there, but it often comes down to a personality fit.

    Tweet by @Sophiabera

    #CreditChat

  • Working with a Financial Planner is a relationship. Approach the search like you would a partner.

    Tweet by @ErikOKlumpp

    #CreditChat

  • #CreditChatWednesdays | 3 p.m. ET

    Check out all the resources and tips shared:

    ex.pn/adviser

    http://www.experian.com/blogs/news/about/hire-financial-advisor/

  • #CreditChatWednesdays | 3 p.m. ET

    Join Us Every Wednesday at 3 p.m. ET.

    bit.ly/join-creditchat

    http://www.experian.com/blogs/news/about/creditchat/

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