If I Were Hiring A Financial Advisor Today

The first thing I would do is go to www.nasd.com this will tell you if your potential advisor has any compliance issues. In Denver, we had several investors get swindled out of millions of dollars because no one looked at this financial planners history with the NASD. I would want to know your potential advisors financial exit strategy. This really is critical: is she relying on rental property while encouraging you to take the stock market route-I see a huge disconnect. Your advisor does not necessarily need to be a millionaire but find out what their portfolio looks like-chances are yours will look a lot like theirs. What was their transformative event-the event which drove them to insist on financial prosperity for themselves. We all have one-see if you have any similarities with theirs. Do you like her or him-we all like to do business with those we like but be sure the other items line up with your needs. Have a great week!

One Response to “If I Were Hiring A Financial Advisor Today”

  1. Steve Mertz says:

    Thanks for your feedback. I have found that the person who can tell you their exit strategy in one cogent sentence will win this game! It crystalizes their actions and others want to help you achieve your goal. PS I have had more than one transformative event along the road. Best Wishes, Steve

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