Tips in choosing a Best Financial Advisor

Financial Advisor

Making investments that will increase your wealth is vital for financial independence. Last decade, investments spanned land, bonds and houses as a broad class; nowadays they include gold plots, egold and equity; derivatives and bonds as well as currency and antiques as potential investments. It is crucial to leverage an investment advisor’s expertise for making wiser choices. Money management is an integral component of daily life. Not only must we pay our expenses regularly, but it is important that we consider insurance needs, taxation implications and plan for retirement as part of this routine. But, we often neglect our financial situation due to either lack of expertise or time pressures. Therefore, it is crucial that we consult a financial professional in order to manage our affairs and meet short and long term financial goals. Next Gen Financial Planning is proud to be part of organizations that support our communities, clients and team as well as profession and world at large. Based in San Diego, CA, our financial advisors put their clients’ best interests first with transparent pricing systems that reflect fair prices rather than what could be accomplished; fee-only planning means clients pay directly with no commissions, kickbacks or referral fees involved – Steven Fox who founded Next Gen Financial Planning is also registered investment advisor in California.

Here are a few pointers for choosing a financial advisor that best meets your needs.

Check the credentials

It is essential that the financial advisor has all of the appropriate credentials and qualifications. Financial planners should possess sufficient knowledge in their area. Firstly, your investment advisor should be an SEBI accredited investment advisor; additionally a Certified Financial Planning (CFP) certification from the Financial Planning Standards Board may also be beneficial as this certification meets global standards; though its existence isn’t required as any Financial Professional in related fields can act as financial planners.

Check the fee structure

It is important to remember that financial advice does not come for free. An established financial planner will charge an amount in return for their service. Alternatively, commission-based planners could be biased in their recommendations. While some planners provide flat rate fees or proportional asset management fees based on what percentage of assets they manage – meet with your advisor to discuss fees as this could range anywhere between $150 to $600 annually.

Look for experience

Look for an advisor with experience who understands market cycles and which investments have performed during them, this knowledge should guide your decisions in the right direction. Consider consulting clients from an advisor with five or more years’ worth of consulting experience as this may give the best guidance for success.

Financial advisors play a vital role in overseeing our money by evaluating risks, macroeconomics and future growth; experience is of utmost importance when selecting the most reliable advisor.

Fix up a meeting

Communication with your financial planner should always be comfortable; building strong relationships will only benefit both parties involved. Be sure to discuss when and how often budget reviews occur as well as any assistance or questions from them that arise.

Do a reference check

Just like with doctors, references for financial advisors are invaluable. Contact existing clientele of an advisor to gauge their satisfaction with the advice provided to them and if he/she spends enough time learning about client’s concerns and engaging in meaningful dialogues. Also ask whether their financial lives have changed since working with your chosen financial advisor.


Following these suggestions can assist in selecting a financial planner who can best manage your money. It is after all a huge responsibility.