How do you hire the right financial advisor?
This is a major life decision that can determine your financial trajectory for years to come. So choose wisely.
Things to keep in mind when you do hire someone
Hire an advisor who is a fiduciary. By definition, a fiduciary is an individual who is ethically bond to act in your best interest. The obligation eliminates conflict of interest concerns and makes an advisor’s advice more trustworthy.
Follow the money. Here is where I see most people make their mistake. It isn’t the fee you pay, it is the total fee you pay which might include a trading fee, a particular investments fees say in a mutual fund and then not look at fees as a net return in other words how much goes into your personal pocket not what is just charged. Make sure your performance shows your net earnings not gross which doesn't take your fees into account.