hiring a financial advisor…
Magic was a curious cat, but she was wise about her curiosity. She would sit and watch before she moved, making sure she "researched" the various angles.
We think a lot can be learned from Magic when it comes to finding a service provider too.
What Do Financial Advisors Actually Do?
One of my clients has often said to me, “I don’t know what I don’t know,” which may answer the question of hiring a financial advisor. This leads to another question, what does a financial advisor “do?” If you look at the expectations of CFP deliverables (this is not to say an advisor has to be a CFP, but it describes the process), financial advisors may do the following:
- Financial statement preparation and analysis (including cash flow analysis/planning and budgeting)
- Investment planning
- Income tax planning
- Education planning
- Risk management
- Retirement planning
- Estate planning (For related reading, see: What Do Financial Advisors Do?)
Read more: Hiring an Advisor? Here's What You Need to Know | Investopedia https://www.investopedia.com/advisor-network/articles/120716/hiring-advisor-heres-what-you-need-know/#ixzz5Odlevw4E
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