Financial planning is a vital component in our long-term financial plans. Investments can take many years to mature; meanwhile, it takes diligent care to keep your assets productive.
Unfortunately, many people believe they can manage their money without advice or guidance.
A certified financial planner is an invaluable aid in helping you keep your financial plans on track. A competent financial planner will guide you through financial complexities that you don’t have the training or experience to deal with.
A certified planner can handle important issues like the proper insurance for your circumstances, investment advice, long-term care coverage, and estate planning.
If you want to ensure that your long-term financial goals are reached, a financial planner will help you get there.
There are many certified financial planners in Garland, Texas to help you.
The sooner you start using the services of a financial planner, the sooner you’ll see your financial security increase. Many financial milestones must be passed on the way to a secure old age. If you make the wrong decision at any point, it could cost you dearly.
Use a financial planner as early as possible to keep you on track for a lifetime of financial security.
The search for a competent certified planner can seem like an overwhelming task at first. Start by using online search tools to get a good idea of who is available in your area.
The Better Business Bureau maintains lists of accredited financial planning consultants across the U.S., visit them here to see who is available in the Garland area.
The CFP Board of Standards offers a searchable database of certified financial planners. Enter your location, the specialty you need, and even the way the planner is paid to find the appropriate professional.
You’ll need to verify a certified financial planner’s credentials, and you’ll want to check their professional history. Luckily, the CFP Board provides a certification check to easily find this essential information.
Use the CFP Board’s certification check tool not only to verify a planner’s certification status but also to find out:
If they’ve declared bankruptcy in the last decade.
If they’ve been professionally disciplined.
You’ll want to know if your financial planner is a fiduciary. By law, a fiduciary is required to look out for your best financial interests. With a fiduciary, you’ll be confident that every option the planner shows you is best for you.
Financial planners are paid according to different compensation models:
A commission based model means the planner is paid by the financial products companies he represents.
Fee-based compensation ties the planner’s income to how well your assets perform.
A mix of commission and fee-based compensation; some products the planner sells only pay commission.
Individuals with fewer assets can benefit from paying by the hour.
Whoever you choose, you’ll want to thoroughly explain your goals, and make sure that planner can help you achieve them.
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