Where and how you invest your money will have a significant effect on your future wealth, ability to retire, and overall financial portfolio. As such, you want to make sure that you aren’t making investments haphazardly; instead, you need to be as educated as possible about your investments, which means turning to different resources for information and advice. However, knowing what advice out there can be trusted isn’t always obvious. Here are some things to consider when searching for investment advice and hiring a financial planner–
There are dozens of websites out there that will provide investment advice free of charge, telling you where and how to invest your money. Be wary of these sites. While general information about the types of investment or general “best practices” in terms of investment strategies may be accurate, you shouldn’t put your money into something unless you’re absolutely sure about it. As such, don’t rely on the internet as your sole source of information.
Don’t make the mistake of thinking that someone with the title “investment advisor” or “financial planner” before their name is someone that you can absolutely trust. Unfortunately, the reality is that there are many untrustworthy, uncertified “professionals” out there who are giving bad financial advice to their clients, or who are attempting to cheat their clients for personal gain. As such, it’s very important that you do your homework before hiring someone to handle your investments or provide you with financial planning advice. You want to make sure that whomever you hire is not only certified, but is also a fiduciary, which means that they are legally obligated to put your best interests first.
In addition to the above, Consumer Reports, in light of new SEC rules, recommends focusing on fee-only advisors, checking for any history of misconduct before hiring, and, as stated above, getting a fiduciary commitment before proceeding.
It’s important to be aware of the fact that there’s a lot of bad information out there when it comes to financial planning and investment advice. In order to protect yourself and your money, our team strongly recommends working with a Certified Financial Planner™ or Investment Advisor Representative. At Harvest Wealth Partners, our team is comprised of both. To learn more about our services, please schedule a no-cost initial meeting with our team today.
Harvest Wealth Partners is committed to helping our clients work towards a successful future. We believe in your potential to understand the financial options that can lead you to your goals. Call us today to partner with our team. We look forward to continuing our mission for years to come.
You can submit your questions by filling out the following form.