Are You Apprehensive About Finding a Financial Firm to Help Manage Your Assets?

By J. Mark King, CFP®

Being apprehensive is a valid concern when looking for a financial advisor to manage your assets. I’d like to share some tips and precautions to help you make wise choices in finding a financial firm.

Finding a financial advisorCertifications Matter

During your financial advisor search, confirm that the financial team you’ll be working with hold designations such as:

  • Chartered Financial Consultant® (ChFC®)
  • Personal Financial Specialist (PFS)
  • Certified Fund Specialist® (CFS®)
  • Chartered Life Underwriter® (CLU®)
  • Certified Investment Management Analyst® (CIMA®)

Each of these certifications represent a commitment to continual education and to uphold their by-laws as the recognized standard of excellence for competent and ethical personal financial advisement. Not every financial firm has personnel with these credentials.

In addition, be cautious about anyone using a designation that implies an expertise in financial planning for senior citizens. Many of these so-called designations have little or no merit and the individual may not be qualified to provide advice on managing your assets. Senior citizens should be especially cautious of predatory tactics used by advisors holding such designations.

What is a Fiduciary?

At C&J Wealth Advisors, we serve as our client’s fiduciary. What does this mean?

An investment fiduciary is someone who is managing the assets of another person and therefore stands in a relationship of trust, confidence, and/or legal responsibility to act for another’s benefit.

This signifies we adhere to a strict code of ethics and do what’s best for the client; not what generates the largest fee. We are obligated to help our clients grow and protect assets through better investment and business decision-making.

If you’re wanting to better manage your finances or don’t have sufficient expertise in investments, insurance, taxes or retirement planning, a CERTIFIED FINANCIAL PLANNER™ can develop a plan to help accomplish your financial goals.

photo courtesy of: by Basketman