Mobe Training Tips for Financial Advisor

Mobe Training Tips for financial Advisor

Mobe Training Tips: Financial planning is very important in growing your wealth and using your money wisely, but it’s not always easy to know how to best go about it. Financial advisors specialize in helping you make the best decisions for your money, but it’s not always easy to choose from the many available in the market.

Below are a few tips on how to find a financial advisor that will help you keep your financial health in order.

  • Check Online Listings

The National Association of Personal Financial Advisor’s offer a rich list of registered personal advisors. You can use your zip code or location to search for advisors near you, and their listing which will help you choose the most suitable for you.

  • Run a Background Check on the Planner

Once you have selected your potentials, run background checks on any information about them that might not be listed. Make sure the planner you choose does not have any criminal records, especially related to discrepancies handling clients’ investment.

  • See Success Samples

What is the advisor’ s success rate? Find an advisor who has proven high success rates. Your advisor should be able to provide you with examples of a real client’s quarterly reports-with the name redacted, and clearly explain each line on the assets mix and results.

  • Ask for a Fiduciary

A fiduciary is a pledge by a financial advisor to act in the client’s best interest all the time. A fiduciary pledge requires financial advisors to disclose the services they offer, compensation expected for services, full range of fees, methods of analysis, any disciplinary actions against them, and possible conflicts of interest.

  • Consider The Pay Structure

Generally financial advisors are either compensated through a fee based structure or a commission based one. Thoroughly research the benefits of each, and choose a pay structure that best suits your current financial capability while offering you the best service.

The right financial advisor could be the difference between your financial freedom and you going broke. Find someone who wants to help you beyond their commission, someone who genuinely cares about clients’ success and helps you to make the best decisions for your money.

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Matt Lloyd is CEO and Founder of MOBE (My Online Business Education), an education company At MOBE, our goal is to become the #1 Small Business Training Company In The World!
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