What to Look for in Your Investment Advisor or Financial Planner?

Investment advisers and financial planners are both alike in that they assist you in managing your financial investments, but the services that they offer also differ somewhat in some major ways. An investment advisor helps you with investing your money and securities for you so you will have a solid investment portfolio to rely on.

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The investment adviser will help you pick the stocks, bonds, mutual funds, and other financial investments that will work well for your specific goals and circumstances Luke Montaine. Financial planners, on the other hand, organize your portfolio and help you analyze how it may be used to obtain the best possible returns.

Luke Montaine Investment Advisor or Financial Planner

When you look for investment advisors and financial planners, you should look for two key things. First, look for individuals or companies that are members of the Professional Association of Personal Investors (PPAI) or the Financial Planning Association. Both of these associations are voluntary organizations and work to improve the investment management industry by ensuring that investment advisors and financial planners hold professional licenses from state board agencies.

Secondly, check out the credentials of the investment advisors and planners you are considering. Make sure to ask them for a copy of their latest certification report. These professionals also must undergo an ethical standards examination every three years, so they can protect themselves against investment advisor negligence or fraudulent activities.

The next thing you need to know about these two important professionals is that the investment advisor or financial planner you select should meet your specific needs. Look closely at their experience in terms of the amount of time that they have been offering investment advice and screening investments for people in your particular financial situation. You can easily select one from the list of investment advisors and financial planners with the right experience and qualifications based on your needs.

Final Words

You should also take the time to check out their website for additional information about them. You can contact the company by phone or write a comment using the contact information you find on their website. Lastly, be sure to look at their rates or service fees so you know where you are really getting your money.