2020 Dec Ebook NewPDF

Secret #5: Continued…
So, this is what you need to ask to determine if you can trust your financial
planner/Advisor:
1. Is he/she a fiduciary (Secret #1)
2. How many years experience do they have? Need a MINIMUM of 5
3. How are they paid? (Commission or Fees). Run if they say “commissions”
and if they say both.
4. Do you recommend using index funds and ETF’s? If they say “no”, run.
5. Are they a member of NAPFA. This is a bonus. Go to www.napfa.com to
learn more.
6. Are they ”Fee-based” or “Fee-only? You want to work with an Advisor that is
Fee-only.
7. And lastly, are they a CFP, Certified Financial Planner?
This was a quote from the CERTIFIED FINANCIAL PLANNER website, which I thought would illustrate the importance of your
financial planner having this credential.
“Most people think all financial planners are “certified,” but this isn’t true. Just about anyone can use the title “financial planner.”
Only those who have fulfilled CFP Board's rigorous requirements can call themselves a CFP® professional.
CFP® professionals are held to strict ethical standards to ensure financial planning recommendations are in your best
interest. What’s more, a CFP® professional must acquire several years of experience related to delivering financial planning
services to clients and pass the comprehensive CFP® Certification Exam before they can call themselves a CFP® professional.”
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