Tips for hiring a financial adviser
You pay a yoga instructor to help you with your downward dogging, a housekeeper to help you with your pesky shower mold and a babysitter to help you with your children. So why are you still beating yourself up for not being the world’s leading expert on personal finance?
Instead of trying to do it all yourself, it’s worth having a conversation with a financial adviser. Here, some tips for getting the most out of the process:
Prepare Before talking to anybody, take a few minutes to figure out what you want to discuss (Retirement goals? Possible investment strategies?) and who you’d like to work with (Does her background matter? How much are you able to spend for her services?).
Engage When you do sit down with a professional, share your entire financial story. (No hiding that debt you’re carrying from grad school!) Bring along useful information like tax returns and pay stubs.
Connect After your initial meeting, stay in the loop by visiting business and investment websites and talking with other financial professionals--your company’s HR director, for instance, is an excellent resource.
Keep the conversation going Life changes, and you have to be willing to readjust your goals. As with that yoga routine, flexibility just might be your biggest advantage.