Financial Advisors

How to find a financial advisor

A financial advisor may be beneficial to an individual investor.

A financial advisor may be beneficial to an individual investor.

Many individual investors can manage their stocks on their own, but when it comes to juggling multiple assets, people can benefit from the services of a financial advisor. How can you find a professional who has your best interests in mind? Here are a few items to consider: 


When you allow anyone to work directly with your money, your safety should be one of your top concerns. You can run a basic background check with the Financial Industry Regulatory Authority and find out if a potential advisor or his or her business has been subject to any disciplinary action. 

Compensation structure

One of the most important facts that you need to know about any financial advisor is how he or she is paid. Some planners receive compensation or commissions when they encourage clients to buy certain financial products. To avoid this conflict, consider using the services of advisors who only work for a fee. You can find a list of these individuals from the Financial Planning Association and the National Association of Personal Financial Advisors.

Personal recommendations 

Close friends, family members and co-workers are sometimes the best people to ask for information about advisors. Be sure that they have worked with these planners recently, so that you have the most accurate assessment possible. You may also want to look at an advisor's LinkedIn page to see if they have any testimonials or endorsements. This can also give you a good feel for the type of clients that they work with. 

In addition to considering the services of an advisor, individual investors may also want to use SmartStops' portfolio analysis software to make informed financial decisions. 

Categories: Financial Advisors

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