Clients of Parsec have already gone through the process of interviewing and hiring a financial advisor. Other readers of this blog may not have done that, but may be thinking about it. How do you go about finding the right advisor?
You may choose to use a list of prepared questions to thoroughly understand the scope of the engagement and the advisor’s qualifications. Or you may just want to sit down and talk with the advisor to get a gut feeling about whether the two of you would see eye-to-eye. Many people receive a recommendation from a trusted family member or friend and that helps make the decision. When you hire a financial advisor it’s important to find the right fit for you, and to hire someone who is competent and trustworthy. Ultimately it’s up to you to make this determination.
At Parsec we believe that credentials are one important way that you can determine if an advisor is competent. Experience is important too, which is why we have our newer advisors working in a team structure, led by some of the most experienced and successful advisors in the firm. Philosophy and discipline is also something that we highly value, as that ends up being the driver to the advice that a client receives.
All of the factors will play a part in your decision-making process. The Certified Financial Board of Standards has a wealth of information regarding how to find a financial advisor. One helpful article on the subject can be found here: http://letsmakeaplan.org/working-with-a-financial-planner/what-to-ask. This provides some very important questions that you should be asking when interviewing advisors.
Parsec welcomes the opportunity to talk to you or any of our client’s family members and friends to answer questions about choosing the right financial advisor.
Harli L. Palme, CFA, CFP(R)