One of the most challenging tasks we can give ourselves is to find a financial adviser to help us grow income for retirement. The Enterprises TV show offers a few suggestions for finding one we can trust.
Many times, a financial adviser has our best interests in mind. But there are some who would rather hike their own income than yours. Back door payments and hidden fees of some annual returns hurt the people who are working hard to have a decent retirement. Current guidelines state that financial advisers must invest with the best interest of their clients. These are people with “fiduciary duty”. Those without that moniker can advice about investments they think are most “suitable” for the client, even if the most “suitable” option is one that benefits the financial adviser better.
The Enterprises TV show also suggests asking trusted friends and family members for a recommendation. Visit several financial advisers and take a list of questions to ask. Ask to see any accreditation certificates or any other form of passing the needed courses to become a financial adviser. Trust your gut instinct. If something doesn’t seem right about the professional or their company, do not begin to work with them. Keep looking until you are sure a financial adviser is the best match and fit for you and you needs.