Hiring a Financial or Investment Planning New York.

Posted by Sapphire Wealth Advisory Group on April 20th, 2019

Financial and investment planners are those individuals or professionals who have the knowledge and experience in the field of financial management. The main aim of getting yourself such kind of professionals is to help you in planning or managing your finances be it personal or business. They can help you ensure that you do not get into trouble and end up loosing money or getting in the wrong side of the law. So, if you want a bright financial future the getting an Investment Management New York is the right way to go. However, before getting yourself such an assistant, you will need to keep certain aspect in mind. Below are some of them.

The qualifications of the planner

When you end up hiring an unqualified investment or insurance manager New York is similar to when you get treatment from a clinic with a quack of a doctor. The best way to verify a professional’s qualification is by asking him or her to provide documents that gives proof of their qualification. There are certain qualifications that you should always take note of, however, the most important ones are the CPA (Certified Public Accountant), RFP(Personal Financial Specialist) and CFP (Certified Financial Planner) qualifications. In addition to such certifications, you should also check the number of years the planner has work. This will help ensure that he or she has enough experience to handle your current financial requirements.

References and past clientele

Whenever you are fishing a financial or investment planner, you need to ask him or her to give you a list of some of the clientele he or she has worked with before. Most planners will always provide a list of fake references so this should not excite you that he or she has worked with so many clienteles. However, you should put it upon yourself to confirm that the client list you are given is real, call or email them to get their work personally.

The kind of services the financial planner offers.

Financial planners also have specialization. Some will be in risk management, investment management, and insurance management. Before hiring a planner make sure you have figure out the type of service you need. Most expert will always advice on hiring a financial planning firm and not anindividual planner. Why so? This is mainly because the firm will be equipped with all the categories of planners who will serve your needs at different times. Meaning they will be able to provide you with a variety of services and not a single service like an individual planner.

The cost of the planning.

After checking all the above, you will now be faced by one single factor – cost. You need to get the fee structure of different planners to compare them and get one the will fit your budget. Different planners will charge differently depending on specialization, location and financial class.

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