What to Look for When Choosing a Financial Planner
March 1, 2011â€”(MCT)â€”Choosing a financial planner is like choosing a
good doctor. We want someone whoâ€™s highly trained, professionally
licensed, completely ethical and has your financial
best interests at heart.
And coming out of the recession, many people are hungry for financial
help. Theyâ€™re trying to figure out how to save for college, medical
expenses, retirement and other major life events.
The number of Americans with no personal or retirement savings
has ratcheted up from a year ago, according to a recent Harris
Interactive poll. It found that 34% of adults had no retirement money
stashed away and 27% had no personal savings, as of November 2010.
Thatâ€™s up 4% and 5%, respectively, from the previous year.
â€œWith the economic downturn, people are a little bit gun-shy about
what to do with their money and are looking for advice,â€ said Ellen
Turf, CEO of the National Association of Personal Financial Advisors in
Arlington Heights, Ill. â€œEveryoneâ€™s afraid and wants to know: Where do I
invest; where do I earn more interest; how do I fund my retirement?â€
Finding someone trustworthy to help you answer those questions takes a
little bit of homework, but itâ€™s not difficult. When considering any
type of financial professional, there are three essentials: credentials,
credibility and compensation...[read more...]