Reasons for You to Get an Advice from a Financial Planner
An advice from a professional financial planner would come handy when your family faces a financial problem that is proven to be too complicated to be handled by your own. A financial planner would also be helpful when your family is considering a major financial change, such as planning to stop renting and trying to get your own house. Identify the issue that became the reason for your need of financial planner to determine whether you need a thorough and comprehensive analysis or just a brief consultation.
How to Find the Right Financial Planner
A great recommendation from people you know and trust would be helpful in deciding your financial planner. What is important is that you to find a trustworthy financial planner that you’re comfortable with. You should also match your needs with candidates’ strengths. Before setting your mind on a financial planner, you can check the financial planner’s credentials and interview a few candidates on the introductory meeting. When choosing a financial planner, consider some things as follow:
- Whether your planner have other clients with similar characterization with you and your family or not
- Whether your planner has the expertise to address problem such as legal or tax issues or not. If not, your planner has in-house lawyers and accountants to address those technical questions
- Whether your planner allows you to make decisions on important matters about your money and investments or not. At least, your planner should get your approval on decisions he/she made regarding your money and investments
- Whether your financial planner is an independent financial planner or not. What is meant by independent here is your financial planner is not related with any financial institutions, so he/she is not inclined or encouraged to recommend any in-house funds or other products to you. One example of an independent financial planner company in Indonesia is QM Financial
- How much does your financial planner will cost. Confirming your financial planner’s fee is not a taboo. In fact, as financial planner rates are rising and there might be some rules about commissions, you should consider your financial planner candidate’s cost before having a scheduled consultation.