Three vital Tips for finding the right financial planner

Three vital Tips for finding the right financial planner
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Are you struggling with debts? Or, you have money, but you don’t know where to invest? For every money problem, there is one solution – financial planning. You can hire a professional financial planner for advice on savings, investment, and growth. With his or her assistance, you can achieve your goals steadily and securely. For example, you may want to purchase a home or put your money into a good retirement plan. A trusted financial planner Oshawa can give you a broad picture of your money and tell you how to manage your assets efficiently. Nevertheless, to make sure the person meets your expectations, you have to be perfect with your hiring decision.

In this article, you can read a few suggestions that can come in handy in your pursuit.


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How to hire a financial planner?


One of the best signs of credibility is certification. If the planner is certified, you can at least have a sigh of relief that your wealth management is in the right hand. You can search for them online or in your network. You can ask your coworkers or family members for references. Make sure you look for an experienced professional in this matter.

Service charges

Generally, experts advise against going to commission-based financial planner or advisors for assistance. They can try to sell insurance or mutual fund products that give them benefit. You can look for fee-based planners or those who charge by hours. However, remember those who take fees can also keep their interest over you. If they feel that liquidating an investment or buying a house may not be in their favour, they can discourage you from taking such steps. Anyway, you have to be careful in the end as it involves your money and hard work.

Background check

Since it is about your life-time saving and investment, you have to be doubly sure who you ask for help. Don’t shy away from asking questions to them. For example, you don’t have to feel embarrassed for inquiring if the planner was involved in a criminal charge. Or, there has been any questioning from the regulatory body or other relevant sources about their credibility. You can also try to find out a few recent customers who have had the same needs as you and how the advisor helped them.

Check the credentials of the financial planner

Whatever certificate the person has, it should be current. You can search for the administrator online and call them to verify the details. A CFP certified planner will have a record for sure.

There are many other things also which you can keep in mind while hunting for a financial planner. Just remember that if someone tells you he can guarantee returns, don’t fall for it. Market conditions tend to be unpredictable; hence, nobody can be sure about its performance. Also, he should be able to guide you on every aspect of finances, not only investments. The person should have a fair idea of the kind of risk you have an appetite for and how much time you have.

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Jacob Wolinsky is the founder of, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at) - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver

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