Shrey Advisory Services Pvt. Ltd.

Questions to Ask before hiring a Financial Planner

While looking out for a competent Financial Planner/ Wealth Manager, Financial Consumers below are the questions listed to ask a Financial Planner before hiring him/her.

Types of Other Financial Advisors.

Financial Advisors in the market can be broadly segregated as Institutional and Independent. Each one of them has their own strengths and weaknesses. Whichever category they fall into and by whatever name they may be called, most of them are driven by targets and commissions. Let us accept this fact and learn to choose a financial advisor and get the right advice for the financial products we are buying.

Parameters to choose your Financial Planner

While you may choose to work with different advisors for different investment needs or work with a single trusted Financial Planner year after years, you will find the following parameters useful in deciding if the advisor you are choosing deserves your confidence and trust.

Choosing a Financial Planner may be one of the most important decisions you make for yourself and your loved ones. Financial Planners can provide you and your family with guidance over your lifetime, or work with you to address specific concerns as needed. Regardless of how you choose to work together, a planner can play a central role in helping you meet your life goals and achieve financial well-being. Consequently, take the time to select a Financial Planner who is competent and trustworthy, one on whom you can depend for professional advice and services.

Financial Planning Standards Board Ltd. (FPSB) is a nonprofit association that manages, develops and operates certification, education and related programs for financial planning organizations so that they may benefit the global community by establishing, upholding and promoting worldwide professional standards in financial planning. FPSB's commitment to excellence is represented by the marks of professional distinction – CFP, CERTIFIED FINANCIAL PLANNER and , also known as the CFP Marks.

FPSB works in conjunction with its members to develop and promote rigorous international competency, ethics and practice standards for CFP professionals in member territories to ensure that consumers looking for qualified financial planners understand and value CFP certification.

The needs of consumers of financial planning guide FPSB's activities. We are committed to working through our member network to establish relationships with regulators, consumer advocates, educators, employers, trade associations and other standards-setting bodies so that financial planning can emerge as a distinct globally-recognized profession that will benefit the global community.z