Nationwide Financial Planners

National Coverage

Local Professionals

Financial Planning Advice

Financial Planner Credentials

Financial planner credentials is one area that you need to look at when considering hiring your next financial planner. Verifying their financial planner credentials will help you ensure that they are worthy of your trust, and will maintain integrity when working with you and when providing financial advisement. While there is no central credentials bureau, there are different professional organizations that offer financial planner credentials. The positive aspects of finding a financial planner with credentials is that you can also make sure that they have a clean professional record, generally, when you out their financial planner credentials.

There are a few bodies that offer financial planner credentials and the like. There is the Certified Financial Planner Board of Standards, which covers the conduct and issues financial planner credentials. There is also the National Association of Personal Financial Advisors. Both issue credentials, and both have professional standards of integrity and a fiduciary duty to clients that their financial planner credentials carry. This is like protection for you, the client, from unscrupulous individuals. In addition, fiduciary standard or duty ensures that your planner's financial credentials require them to have you as their only motivation and focus.

Verify Their Good Name

In addition to verifying financial planner credentials, and looking to make sure that your professional has a satisfactory and clean professional record, you will want to read up on to what professional obligations they are tied. This just means, read up on what they agreed to when they accepted credentials from the credentials body that they signed up with when they became a professional planner. You want to make sure that they also have some other characteristics to help you on your way to meeting your money goals, as well.

Check Their Specialty

When you are hiring a planner, consider your needs first and foremost before comparing financial planning costs. You may have already put your children through college. But, maybe you feel that your investments feel insufficient for your retirement, despite regular Roth IRA and 401k deposits. You might then want to a professional who can help you in that area. If, however, you have filed bankruptcy and are not sure what to do next, you might want a professional who has helped many clients successfully through that path.

It is ok to ask for references too. For some it is the added reassurance of getting to talk to the individual who was helped by the professional you are considering hiring. This can even help you better understand the services that you can expect, the type of treatment you will probably receive to put you at ease. It can be a little overwhelming trusting your money matters to a professional because you may be shy about having any one else looking at your finances.

Because there are so many different professionals out there and so many different specialties, it is a good idea to check out multiple professionals. They are grown ups too and can understand if you do not go with them. But, you will never know if you could have had the best professional possible if you just rely on the first one you call. Or worse yet, you may be doing yourself a disfavor if you allow, say, a pushy in-law, or well-meaning but elderly parent push you into using their professional.

That brings up a good point, actually. The professional who has helped your Aunt Vicki, dad or mother-in-law might just be the absolute worst professional for you. Maybe they lived in the age of guarantees that came to fruition, such as full social security benefits, a pension and were able to afford buying their house outright early on. So, you see, their situation heading into retirement-planning events was perhaps very different from your own.

You might have to do a little more legwork, planning, thinking and even moving around of money to finance your future golden years. You might be open to the idea of having a part time job, something this planner might never mention or really know or care about. They might even share your family's perspective, and yours might differ too drastically. So, do first talk to your potential professional. You may want to avoid calling your family's favorite professional to avoid any conflicts of interest or pushiness too.

Financial planner credentials are an important aspect of finding the professional who is best suited to fit and meet your own needs. It is a very personal matter, and it involves much about personal taste. Though, it is incredibly important to also listen to your own needs to determine who can specifically best meet your needs now and in the future. When the time comes, you want your money to have worked for you to your own end, not to meet your father or aunt's needs.

This website provides information related to the subjects covered. Before making any financial or legal decisions, a professional should be consulted.