Choosing a Financial Advisor: How To Find the Right One For You?

Last Paycheck

One of your resolutions this year is to finally start working with a financial advisor? In this episode, Archie and Rob give their advice on exactly how to go about this.

They start by addressing the complexity of the task, given the multitude of credentials and compensation models in the industry. It's really important that you understanding your personal financial needs and concerns before seeking out an advisor.

They explain various compensation models, such as commissions, fees, and fee-based structures, shedding light on the potential conflicts of interest associated with each model. Additionally, they highlight the significance of working with a fiduciary advisor who is legally obligated to prioritize the client's best interests. In this industry, there is a great need for transparency and integrity in the advisor-client relationship, and Archie and Rob explain and share the practical tips for evaluating and selecting the right financial advisor for their individual needs.

What services does the FA offer?

What kind of credentials do they have?

Do they specialize in any one area financial services?

How are they compensated?

Do they offer one-off engagements or only ongoing engagements?

What is the scope of engagement? i.e. do they offer comprehensive financial planning paired with other services like investment management, tax preparation, etc.?

Are they a fiduciary?

Watch on YouTube: https://youtu.be/nl2r7IdYJYw

Listen in on conversations with Certified Financial Planners Archie and Rob Hoxton as they share weekly wisdom to help you retire and stay retired. Have you ever wondered what it will feel like when you get your last paycheck? Whether it’s excitement, anxiety, or anything in between, this show is for you.

Visit: http://www.thelastpaycheck.com

If you'd like to chat with Rob or Archie further, please schedule a consultation: https://calendly.com/archiehoxton/last-paycheck-consultation