How to Choose the Right Fit
You’ve decided that a Wealth Advisor may be right for you. How do you go about choosing one?
The specific choice of which Wealth Advisor to use should be made with the following considerations in mind:
Step 1: Check out the advisor.
Professional Competence and Reputation
Does the Wealth Advisor hold industry-recognized professional designations and credentials? Does he or she have a solid reputation in the community and are they highly experienced in their practice areas? Is he or she a true fiduciary?
Disciplinary Record
Has the person or firm ever been named in an SEC or FINRA disciplinary action, or been involved in an arbitration case in any capacity? This is one of the most overlooked but obvious ways of determining the legitimacy of any advisor. You can check disciplinary records here.