How to Choose a Financial Advisor

We had a #CreditChat with @GarrettPlanning @ThinkAdvisor @FPassociation and CFP Board Consumer Advocate @EleanorBlayney to discuss when and how to choose a financial advisor.

During this tweetchat, we also had a Google+ hangout to discuss this topic and highlight favorite tweets. The video panel included: Gail Cunningham (National Foundation for Credit Counseling), Rod Griffin, Experian’s Director of Public Education, Heidi Thompson (Money Crashers), Claire Murdough (ReadyForZero), and Mike Delgado (Experian).

Questions we covered:

Q1: Have you ever seen a financial advisor? If not, how come?
Q2: When do you think someone should see a financial advisor?
Q3: What questions should you ask when choosing a financial advisor?
Q4: What types of qualifications and experience should an advisor have?
Q5: How can you determine how compatible this financial advisor will be with you?
Q6: What are red flags to watch out for when meeting a financial advisor?
Q7: How do financial advisors get paid?
Q8: Where can you go online to find a financial advisor?
Q9: Any final tips for those looking for a financial advisor?

Resources Shared:


Tweetable Tips

Main question to ask when choosing a financial advisor: How are you compensated? [Retweet]

Questions to ask financial advisors: certifications, affiliations, expertise, fees, length of practice. [Retweet]

Even financial advisors should have an advisor. Doctors still have doctors, after all.  [Retweet]

It’s never too early to start planning — even if you can only take baby steps. [Retweet]

See a financial advisor when you are financially sick – or when you need a check-up. [Retweet]

The best time to see a financial advisor is yesterday. [Retweet]

If the financial advisor won’t have a fiduciary duty to you. Run! [Retweet]

A legitimate financial agency is always more interested in your bottom line than theirs. [Retweet]

Check out all the tweets here:

Experian Blog

Experian is the leading global information services company, providing data and analytical tools to clients in more than 90 countries. This news blog provides our perspective on issues and trends affecting our businesses and our constituents in North America, while occasionally touching on Experian global news. Learn more.

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