Tips for hiring the right business financial advisor

Tips for hiring the right business financial advisor
2. Try to find an advisor with at least five years of experience helping business owners and individuals. Thoroughly research their background, and ask what makes them qualified to practice. It is wise to look for an advisor with professional training. You may find that you are more comfortable letting a candidate with professional training handle your money and be even more comfortable with a candidate that you have thoroughly researched.

3. Find out during the initial meeting,how long the potential advisor has been in practice, also ask the number and type of individuals and companies that he/she has advised. A reputable financial advisor will most likely provide you with how much experience they have had in this area.
4. The services offered by a financial advisor may depend on their credentials, licenses, and areas of expertise. The services offered by all financial advisors may not be the same. They cannot give financial advice unless registered with state or federal authorities.
5. The planner should provide you with an estimate of costs and fees, along with how they will be paid for the services they perform. The fees will depend on your particular needs. Be sure to ask if the fees are based on the planner's hourly rates, a flat fee or as a percentage received as commission.
6. Some planners develop a plan by assessing your financial goals and objectives, while others may be more specific. It may be conservative or it may be aggressive but either way you need to feel comfortable with the approach your financial advisor takes. Make sure to ask if the planner will develop the financial recommendations or if you will be referred to others who will do so.
7. You should also ask if you will be working with only one primary advisor or if multiple people will be working on your account. It is important to check the backgrounds of all the people that will be associated with your account.
8. There are records kept of any disciplinary history of financial advisors and planners. You may contact organizations such as the National Association of Securities Dealers, your state insurance and securities departments and CEP boards and have them perform a background check on potential advisors and planners.
9. No matter how many referrals and recommendation a potential financial advisor or planner has, always check out their background, qualifications, and experience yourself.