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Four Steps in Choosing a Financial Advisor

Nov 15, 2019 Legal

Four Steps in Choosing a Financial Advisor

The best way to get names of financial advisors is to get recommendations from other individuals. There is an old saying that you don't get a second chance at a first impression. When you meet and talk to this person, that "healthy" feeling will help you decide whether this person is suited for you.

Remember this person is someone you're going to deal with for many years. If you don't feel comfortable with them, it's hard to trust someone.  You can also visit https://1stclasscap.com/ to get best financial advisors in New York.

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Also, ask financial advisor for references. Ask them, "Who are your three clients I could speak to?" We all know now that the counselor will send you three people whom he/she knows well and that he/she will get along with.

There may be a very valid reason not to want to tell you because giving "any" client information may be contrary to the brokerage firm's policy. Maybe you like the idea that under any circumstances they don't disclose any client names. Then again, perhaps you don't like this perceived secrecy idea.

Upon your decision, you can look at a minimum of three financial advisors. These are just the beginning of these four steps. This can be a process that takes time. It's time and money for you.