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:

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