What Makes A Good Financial Planner? Here’s What You Need To Know!


Financial planners are everywhere. That is why if you are looking for one, it will not be difficult to find them, even online. However, finding someone that you can trust and who knows just what you need with regards to your financial situation, can be a challenge. Anyone can call themselves a ‘financial planner.’ But it is a must that you choose an expert who can offer you financial planning services.

Financial Planners: Who Are They?

Financial planners are a type of financial advisors. They help individuals and companies to create a plan or a program that will help their clients meet their long-term financial goals. They can be specializing in taxes, investments, retirement, or state planning. They may also hold licenses and designations below:

  • Certified Investment Management Analyst (CIMA).
  • Chartered Financial Analyst (CFA)
  • Certified Financial Planner (CFP)
  • Chartered Financial Consultant (ChFC

What To Look For In A Financial Planner

A lot of people consider themselves ‘knowledgeable’ when it comes to investing. However, these people do not have the knowledge and experience can end up messing up their financial status. That is why in these situations when you know that you are not an expert, you should hire a financial planner. But when choosing a financial planner, you need to know what you need to look for:

  • Good Reputation. One of the things that you should consider when hiring a financial planner is that they have a good reputation. It is best if you can get a referral from a family member or a friend. It is the best way to find the right financial planner for you. You have to consider the planner’s background and reputation.
  • Another thing that you should consider when hiring a financial planner is their experience in this industry. There is nothing wrong with hiring a newbie, but when it comes to your finances, you need to find someone who has handled clients with situations similar to what you have right now. These planners will know how to guide you and find the best solution for you.
  • Financial planners need to have an open line of communication with their clients. If you have a proactive financial planner, it would be easier for you to get updates even if you are not asking for it. Anf if the planner is proactive, it would also be easier to understand the complexity of the financial aspects.
  • Calm and Patient. A financial planner should not panic. You would need an expert who can evaluate the options that are best for you. When your advisor instantly jumps for the latest hot stock pick without a well-thought-of strategy, it should be a red flag. When it comes to making a good investment, there’s no need to rush.
  • Confident With their Advice and Recommendations. You need to be able to trust the advice and recommendations from your financial planner. To do that, they also need to be confident with what they offer you. If you feel that the planner is nervous and doubtful during your discussion, then you should trust your instincts. You need to find someone that you can trust.

A financial planner knows what you are going through. They have the knowledge and experience to get you through it and also plan for your future. So if you think this is what you need right now, get in touch with a planner that you can trust.

Dean Duke
My name is Dean Duke. I am a full-time writer who loves to do research and learn new things then start writing.

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