It is almost impossible for the average person to properly manage their money. You would not manage your own healthcare or go into court without a lawyer, so why is it that many people think they are qualified to handle their finances without professional help?
Virtually every person realizes at some point in their life that they must begin working with a professional financial advisor. Once arriving at this understanding, most are unsure where to start when it comes to seeking financial advice. There are many different types of people who call themselves financial advisors, but the most qualified individuals are CERTIFIED FINANCIAL PLANNERS™. A CFP® has a significant amount of experience in all aspects of money management.
So how does one find an advisor who is best suited to offer guidance on their financial decisions? Host Lou Scatigna, CFP® explains in this segment from The Financial Physician.
Your financial advisor is like your doctor. You better have the right one, or you are going to be in trouble.