1. You must have to select the financial advisor with the reference from your family or friends or relatives. It is one of the authentic ways to select the best financial advisor. The other ways are you can select the financial advisor registered from the recognized body like National Association of Personal Financial Advisors so that you can get the registered financial advisor.
2. The second criteria for the selection of the financial advisor is to consider the experience and qualification of the advisor. The basic qualification requires for the financial advisor should be graduate or post graduate degree in accounting, finance, business, economics and law.
3. It is very important to know that does the financial planner get the designation from the reputed institutions?
4. Another important factor for consideration is the experience and attitude of the financial advisor is to consider toward the customers. The other important criterion for selection of the financial planner is the honesty and frank approach in the benefits of the customer.
5. The last important thing is to decide the payment. It is important to decide the term of the payment clearly. The financial planner or consultants are normally paid either by commission or fix fees.
There are many financial planner or consultants give free financial advice to the customers too. They normally get the remuneration from the commissions on different financial investment tools. Some planner gets money as investment management fees.
