Tuesday, July 21, 2015

Does Your Financial Advisor Put You First?


Guest Writer: Greg Hildebrand – Honor Financial Group Financial Representative
The decision to trust someone with your hard earned money is very personal.  And since you’re basically hiring someone to provide expertise that you don’t have, it can be tough to sort out the good expertise form the fluff.
Whether you’re looking for a financial advisor on your own, or are referred by a loving uncle, consider these tips before you begin your relationship.

·         Customization – Your needs are unique and your investment strategy should be too!  Make sure your advisor takes the time to understand your personal goals in order to recommend a customized plan.

·         Compensation – Consider an advisor who charges a fee for services rather than commission-only sales from stocks, insurance, or other types of investments.  This helps ensure that they are working to grow your investments not profiting primarily from sales.

·         Experience – While it’s a good rule of thumb to look for at least three years of experience working as a financial advisor, be sure to ask what type of investing your advisor is most experienced in to ensure it is a good match for your goals.

·         Investment Approach – Every investor is unique.  So make sure your advisor’s investing philosophy isn’t too conservative or too aggressive for your investing style. 

·         Accessibility – Regardless of how much you have to invest, your financial advisor should be working with your best interests in mind.  Whether you prefer to meet monthly, quarterly, or even yearly to discuss your portfolio, if you have questions your advisor should always be available to give you answers. 

If you have questions and would like to meet with a financial advisor, Honor Financial Group is a great first step.  Give us a call to set up an appointment today.  And, don’t forget to follow Honor on Twitter @honorcu!  Tweet us and let us know what you want to hear us talk about on Mason Jar Monday next week using #askhonorcu!

Securities offered through LPL Financial, member FINRA/SIPC. Insurance products offered through LPL Financial or its licensed affiliates.

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