Category: Financial Planning



When Do You Need a Financial Advisor?

Posted on: January 31st, 2007
Being in a college town, most of my clients are intelligent and well educated, and many handle their own taxes and investments.  However, there are times when a professional’s advice can be invaluable.  This recent article on The Motley Fool website provides some guidance about when to seek advice..
 
How do you choose a financial advisor?  I recommend working with a Certified Financial Planner (CFP).  CFPs  must pass a rigorous examination on investments, retirement planning, estate planning, taxes, insurance and more.  They are also required to have met educational and experience requirements and must adhere to strict standards of professional conduct.  For a directory of CFPs, take a look at www.cfp.net. 
 
In addition, just as when searching for an attorney, ask your colleagues, friends and other professional advisors for recommendations.
 
Ideally, your CFP will work with your estate planning attorney and CPA to develop a comprehensive plan that will ensure that your financial future is as secure as possible.
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