How to Choose the Best Financial Adviser

Market volatility during the past year was almost twice what it was for the same period in each of the three previous years as measured by the variability index developed by the Chicago Board Options Exchange. Home values, meanwhile, are dropping, and prices for consumer goods from bread to gasoline are rising.

Now, therefore, is as good a time as any to consult a financial adviser. He or she can provide a clear road map to reach your financial goals and help set your priorities. And later, the adviser can help you keep track of your progress, as well as reassess your direction as circumstances change in your life.

But trusting a stranger with your personal finances can be a leap of faith. It's wise then to do your homework when choosing an adviser. ...