How do I know if I’m ready to hire a financial advisor?
You should strongly consider hiring a financial advisor if you have a significant amount of money available to save or invest. This can happen after years of making annual contributions to a retirement plan, such as a 401(k) through your employer, or suddenly when you receive a great legacy or sell your home for a big profit.
But even if you don’t have a lot of money saved up, many financial advisors and planners offer smart pricing options and valuable services that you should consider, especially if you’re facing a major life event. For example, when you start a new job, get married, start a family, get divorced, lose your job, opening or selling a businessor approaching retirement age, working with a trusted financial advisor or planner can be beneficial.
Before hiring a new financial advisor, should you fire your current advisor?
You don’t need to fire your current advisor before you start looking for a new financial advisor. In fact, your new advisor can help coordinate the transition of your assets from your previous financial advisor.
Where can I read customer reviews of financial advisors to help me decide if I should hire them?
After 60 years of a regulatory ban on reviews of financial advisors in the US, a rule issued by the Securities and Exchange Commission (SEC) went into effect on May 4, 2021, meaning that both financial advisors and consumer-helping websites find a financial advisor may collect and display reviews of financial advisors, an important factor to consider when choosing who you hire to manage your investments and savings.
Wealthtender is the first independent advisor review platform designed to fully comply with the new SEC rule, and we look forward to helping you rate financial advisors based on reviews written by their clients.
I am a local financial advisor and would like to be featured in this guide. How do I start?
Thank you for your interest. We look forward to learning more about your practice and helping you attract your ideal clients, whom you can approach based on their individual needs and circumstances. Please Click here to learn how you can join local financial advisors on Wealthtender.