Industry Tips
Financial Planners
You should expect the following from your financial planner:
1) A clearly written plan containing a balance sheet, or assets
versus liabilities
2) An outline of the client's goals and the steps needed to
achieve them
3) A discussion of the amount of risk the client is willing to
take to achieve these goals
4) Specific suggestions for improving your personal cash flow
5) A range of investment choices, with the advantages and
disadvantages of each clearly stated
6) A plan for liquidity in the event of emergencies.
In choosing a financial planner, check with friends, colleagues, or contacts in the financial services industry such as a banker or a broker. Once you have a list of prospects, you can check them out with the BBB, the state securities division, or the Securities and Exchange Commission.
