How do I choose a financial advisor?

You can find a financial advisor by asking for recommendations from family and friends, or you can search online. Many professional financial planning associations offer searchable databases of advisors such as the National Association of Personal Financial Advisors and the Financial Planning Association.

Should you choose a traditional financial advisor?

Traditional financial advisors can meet with you in person and will be able to help you with all of your financial planning needs. High cost: This is often the highest-cost option. Many traditional advisors charge about 1% of your assets under management. Some advisors also require a high minimum balance, such as $250,000 in assets.

How do I find a financial advisor?

There are a few good ways to find a financial advisor. Ask friends, family and peers for recommendations when trying to find a financial advisor near you. Alternatively, look for financial advisors online. Many professional financial planning associations provide free databases of financial advisors: