Given how volatile the stock markets are, hiring a financial advisor to steer you in the right direction is a wise decision. But how can you tell a financial advisor from a salesperson? MainStreet talked to the experts to find out.
Given how volatile the stock markets are, hiring a financial adviser to steer you in the right direction is a wise decision. But how can you tell a financial adviser from a financial “salesperson?” After all, this adviser is going to be making recommendations on how your money should be invested. Make a few poorly planned financial moves, and you could wind up in serious trouble. When trying to find a financial adviser, what questions should you ask? And how do you know if an adviser truly cares about your well-being, rather than the commissions and fees he will receive from the investments he sold to you? MainStreet tapped some top finance experts to find out the dos and don’ts of hiring a financial adviser. Here's what they had to say. Photo Credit: alancleaver_2000