Advertiser Disclosure

How To Evaluate The Best Financial Advisor

How To Evaluate The Best Financial Advisor Finance

A financial advisor is one who advises individuals on setting appropriate and reachable financial goals since every individual’s financial needs are distinct from the others. In order to pick the best financial advisor to aid you with the right investment decisions for the long term, one should first figure out the right type of advisor to look for.

In order to find the best financial advisor, one should first be aware of the categories of financial advisors available in the market, because otherwise, one may end up spending a lump sum amount or invest in the wrong shares. If you are just looking for a financial goal planning, then a certified financial planner would be an appropriate choice rather than a stockbroker. Or, if you are looking for advice for retirement saving plans then a robo-advisor can provide help at a cheaper charge than a human advisor.

These decisions on what kind of a financial advisor to pick should primarily be based on the amount you plan to invest into savings including your retirement plan. If the total investment fund of about $250,000 then maintaining a financial advisor for a considerable amount is essential to keep track of your investments. If the amount is lower, then picking someone who can provide investment and retirement plan guidance would be more than sufficient to deal with your financial needs at a lesser fee.

The three common markers for picking a financial advisor can be:

Lesser than $25,000 – Pick a robo-advisor who requires no or low account requirements, as these financial management service providers charge a low fee, and have all necessary automated tools to help with your investment goals.

Between $25,000-$250,000 – If you have either invested the money or have this dispensable amount for investment, then choosing a human financial advisor would be best for handling complex investment options.

Greater than $250,000 – There are various choices from certified individual human advisors to management companies that would rush to your aid so that they provide one-on-one guidance to better the returns on your investment as you would receive customized guidance every step of the way.

1203 VIEWS

top rated cards

Citi® Double Cash Card – 18 month BT offer

cards
  • Purchases Intro APR
    15.24%
  • Regular APR
    15.24% - 25.24%
  • Balance Transfer Int APR
    0%
  • Annual Fee
    $0

Citi ThankYou® Preferred Card

cards
  • Purchases Intro APR
    15.24%
  • Regular APR
    15.24% - 25.24%
  • Balance Transfer Int APR
    0%
  • Annual Fee
    $0

Citi Simplicity® Card - No Late Fees Ever

cards
  • Purchases Intro APR
    15.74%
  • Regular APR
    15.74% - 25.74%
  • Balance Transfer Int APR
    0%
  • Annual Fee
    $0

Citi® Diamond Preferred® Card – 21 Month Balance Transfer Offer

cards
  • Purchases Intro APR
    14.74%
  • Regular APR
    14.74% - 24.74%
  • Balance Transfer Int APR
    0%
  • Annual Fee
    $0
Banking

Online Banking Easy Efficient And Environmentally Conscious

Who doesn’t like everything to be easy and hassle-free? Then why not bank accounts? Yes. Online banking has made this possible. Now, online bank account opening is possible through your phones and laptops that too free of cost. Get an online bank a...
2430 VIEWS
cate

A Guide To FHA Loans

You do not have to build castles in the air anymore. If you have been dreaming about owning your own home, and are worried about your low credit rating or non-availability of funds for a down payment, FHA loans are the ideal solution for you. Help...
1390 VIEWS
Finance

Nuances Of Same Day Approval Loans That You Need To Know

A same-day cash loan is a payday loan which is made available on the same day without a thorough checking of the borrower’s creditworthiness, his motives or his personal life. Consequently, these loans are available in small amounts, usually from $...
1316 VIEWS