5 Things to consider in financial advisorJoshJune 7, 20171 viewsMoney Saving Tips0 Comments1 views 0 A financial advisor is an authority you pay to obtain help and advice on finance related aspects of your professional life such as investments and purchase of fixed assets. A good financial advisor will look at your case not just as a client, but as a companion, and will give you good advice based on his experience and learnings. The following are the main aspects that need to be looked for in a financial advisor when you go to seek his/her assistance. Different approaches If a method of investment or saving up that seemed to be working for you for a considerable part of your life has suddenly started going to unexpected losses, it is bound to leave you confused. In these times your financial advisor should be the source of motivation and guidance you can easily look up to. He/she is supposed to guide you in the different investments you should make, change in policies, or the new accounts you should start up or the old ones you should close down. These steps ensure that your flow of money does not go in the wrong direction as you grow up and need a disciplined approach to saving it. Required savings A financial advisor works based on the history and the future planning of his client so you need to be very honest to them about it. In times when the client is considering the purchase of some capital equipment or an asset with a long life, a good financial advisor must act as the barrier that that tells you how much you should spend and how much should remain untouched. His/her panning will be in direct accordance with the aims you highlighted in your very first meeting. For example, if you stated that your aim was to give excellent private education to your children, then the planner will advise you against compromising their education fund for any other purchase. Retirement After your retirement you do not have a flow of cash that is as evident as it was in your working years, so you need to manage your finances accordingly and a good financial advisor acts as that authority. He/she will guide you regarding any retirement accounts you should open that offer compounded interests on a particular sum of money etc. and will keep track of all your major financial decisions, outlining how much you have left after each transaction. The retirement age is mostly faced with many other challenges such as health and family management so a good advisor is the key to spending those years happily. Return You need to decide the time and amount of return you will need after a given period of time has passed, and a financial advisor can make those calculations much more accurately and with regard to reality. Some services such as Moneybanker offer free financial advisory services for the loans you take for investments and planning on how you can return them back in the given time frame. The rate of return needs to be high in most cases so to make sure that happens, a good financial advisor needs to step up and recommend decisions you can make. Certified The basic credential of a financial advisor is his certification as a CFP (Certified Financial Planner). This credential acts as an instant relief and maximizes the satisfaction of the person seeking help in planning. There are many planning networks available in countries all over the world which offer certified and specialized advisors so they should be looked upon favorably while deciding a person for the task.