Tips Finding the Right Orlando Financial Planner

Many will agree that finding the right financial planner is an important thing. Good financial advice makes a huge difference in one’s financial future, especially when it comes to items like estate management and retirement planning. Sound financial planning will mark the difference between making ends meet and financial freedom, or being able to retire early or working through the golden years.” However, finding the right financial planner can be a chore. Here are some tips to get the best financial planner possible.


First and foremost, be prepared when searching for an Orlando financial planner. Individuals need to know what they want from their financial planner and what they do not want. For example, does a person want a fee-based financial planner or a commission-based financial planner? A fee-based planner takes a percentage of the amount invested and there is often no conflict of interest because they are not earning a commission. On the other hand, a commission-based planner may bombard clients with sales pitches for items that will get them a large commission. 
Individuals need to determine why exactly they need an Orlando financial planner. Are they looking into life insurance or are they looking for investment advice for a large portfolio? Some people are looking to start creating a retirement plan so they can be set throughout their golden years. Knowing what an individual needs and being able to articulate it is the first step in success with finding a financial planner. There are two different types of financial planners – general planners and specialists. If an individual is looking for a number of financial planning options, a general financial planner will be able to assist with everything from mutual funds to life insurance arrangements. However, if an individual is only interested in mutual funds, for example, it is beneficial to speak to a financial planner that specializes in investing, not one that deals with estate planning. Always ask what that financial planner’s specialization is.
Always interview a number of prospective Orlando financial planners. Even with a referral from a family member or friend, individuals need to know if this professional is right for them. By interviewing multiple candidates, individuals can compare weaknesses and strengths and compile enough research to make an accurate decision.
When in the interview process, there are a number of things to look for. A must is credentials. Keep in mind that while a good financial planner is able to make money, a bad financial planner is just as likely to lose it. According to the Security and Exchange Commission (SEC), all financial planners need to be licensed or registered and that information needs to be public knowledge. Also, check their experiences and qualifications. Yes, a financial planner backed by years of experience will always be a better choice than a novice. At least five years is ideal. Also look at certification as it will deem if they are qualified for the job.  Whatever the credentials, make sure they are qualified in a number of financial planning topics, including investments, tax planning, insurance, retirement planning, and estate planning.


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