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Five Things To Look For In A Financial Advisor
If you’re ready to work with a pro, here’s some criteria to keep in mind
NOTE: This post is intentionally not titled something like “THE top five things….” because while I believe these are good principles to follow when shopping for an FA, I’m not an investing professional, and I don’t know your individual situations, so I won’t pretend to claim that this list is definitive. Please make sure you always do your own independent research when choosing an FA to work with.
I’ve been a client with my current financial advisor for over ten years now. At the time that I was looking for financial advice, I was single, debt free, and had just returned from my first deployment, so I was sitting on a sizable chunk of cash. I knew the Dave Ramsey guidance about investing in TSP, and I had been following that guidance since coming on Active Duty (barring the first year when I did Lifecycle funds…you can read more about that here) but I knew that my deployment money was going to burn a proverbial hole in my pocket, and probably get spent on pointless stuff, if I didn’t tie it up in some sort of investments ASAP, so I sought out a local CFA and arranged to meet with him and talk about my options.
Ten years later, and I’m still with him, because the quality of work that he’s done on…
