Picking a financial planner # 4

I’m Miriam Neff,  and I’m Valerie Neff Hogan, with Wise Women Managing Money

M Since God entrusts us with all we have, it’s important that we steward what is His wisely.  We’ve been sharing tips on mistakes people make when looking for a financial advisor.  One mistake is not asking about their credentials. 

V To give investment advice, some financial advisors pass a test. Ask your advisor about their licenses, tests, and credentials. Financial advisors tests include the Series 7, and Series 66 or Series 65. Some advisors go a step further and become a Certified Financial Planner, or CFP.

To summarize, DO NOT

1. Hire an Advisor Who Is Not a Fiduciary

2. Hire the First Advisor You Meet

3. Choose an Advisor with the Wrong Specialty 

4 Neglect Asking about Credentials