How to Choose A Financial Advisor: Top Tips You Can Follow

Finding someone you can trust to give you sound financial advice is not easy. That’s probably why 75% of Americans manage their own finances. Whether they could benefit from professional advice is not the point, though. More often, people avoid advisors because of issues related to financial transparency.

Take fees, for example. We all expect to know the price of a good or service upfront, but the financial services industry has a lot of unknown fees. One survey showed that 40% of investors didn’t know what they were paying for advice or mistakenly thought it was free.

A lack of transparency in the financial services industry hasn’t been good for investors. And with the rise of social media and the availability of information, people expect brands to be open, accessible, and honest. Whether the financial service industry will adjust its practices remains to be seen. Regardless, there’s a lot you can do to ensure you’re working with a transparent and trustworthy financial partner.

Read the full article at Dumb Little Man.