Many financial advisors have college degrees in related areas - most directly, in business or economics, though many science, engineering and mathematics graduates also do become financial advisors. Typically, one also needs to study finance and take exams for professional certification after college.
How do I find out more about my financial advisor and wheter her credentials are what she says they ar?
One can learn more about non profit debt management by going to a local financial institution and requesting to talk to a financial advisor. However, if one goes to a banking institution, the advisor will likely to recommend things that will help the bank. You can find non affiliated financial advisors through looking up people who are certified public financial advisors they will give more unbiased advise.
It varies some charge and some did not,it depend on who you consult
I prefer to have a fee only financial advisor. The problem you can get into with a comission based advisor is that they may "churn" your account more than necessary to make money.
One can learn more about personal finance management by talking to a financial advisor. There are other options one could persue himself, but the best option is to consult somebody who is specialized in the subject.
A good place to go and learn about Treasury Bond ETFs would be funds.rbcgam.com/etfs. You can learn a little more about them here but it's always best to consult with your personal financial advisor and have them guide you.
In basic terms, the phrase 'cost recovery' involves writing off of one's assets. One might best learn more about how to go about this process by discussing this with the local financial advisor.
You can find more information about buy annuity online without having to talk to an financial advisor at www.sec.gov/investor/pubs/varannty.htm. Another site is www.annuity-guide.com/ -
Risk Profiling is an integral part of financial planning. This reason for this is that it is important for the financial planner/financial advisor to understand your risk aversion (risk tolerance) in order to be able to properly advise you on products that are suitable to your situation. For example, if someone is nearing retirement, they are generally becoming more conservative. In this situation, a high-risk investment would not be the proper suggestion for this client. Essentially, the risk profile/assessment allows the advisor to determine which investments/strategies are right for your situation.
My best advice is to ask family and friends who use a financial advisor themselves. Word of mouth can go a long way and it will put your mind at ease to know that you are using someone that has come recommended.
Financial planning is a very complex industry and this requires specialist knowledge. To learn more about an overview of financial planning, one would be best to look in a business textbook.
Over the past few years the stock market, and overall economy, has gone through very turbulent times. Because of the rise and fall of the market, many people have lost a lot of money trying to invest their own money. Because of this, it has become quite apparent that it is very important to hire a financial advisor to help you with your investment decisions. While there are many different financial advisors to choose from, there are a few factors that should be considered when selecting a financial advisor. The first factor to consider when choosing a financial advisor is the advisor's experience. While there are many financial advisors who may have recent successes, you will be best suited selecting an advisor that has over 20 years of experience. The most experienced advisors have experienced several rises and declines of the economy, and are far better suited to take advantage of good markets, and protect you from bad markets. The second factor to consider when choosing a financial advisor is the advisor's record of success and reputation. All financial advisors should be able to provide you with a history of how their clients' portfolios have performed. You should then be able to compare this to other financial advisors, and the market as a whole. You should select a financial advisor that has provided their clients with steady growth and protected their investments during the economic downturn. You should also read customer reviews of the advisor to get an understanding of how successful the advisor has been and how customer friendly the advisor is to his or her clients. The third factor to consider when choosing a financial advisor is the cost of the advisor. Almost all financial advisors are compensated by taking a percentage of your portfolio and holding it as an asset management fee. While this is the most common approach to being compensated, you may be better off finding a financial advisor whose compensation is based on how well your portfolio has performed. Advisors who are compensated in this manner will be more motivated to see your portfolio receive the best return possible because they will only make money when you do.