Saturday | June 4, 2022
Step 8 – PLAN
Roadblock #3 – How do I choose the right financial advisor?
While recently watching a golf tournament on TV, I was amazed at the number commercials seeking to connect me with a financial advisor. With so many options, how can you choose the right advisor for you? Here are three guidelines:
- Look at an advisor’s professional designations. These represent hours of education, exams, experience, and ethics requirements. The following are some of the most popular designations: Certified Financial Planner® (CFP®), Chartered Financial Consultant® (CHFC®), Personal Financial Specialist™ (PFS™), Chartered Financial Analyst® (CFA®), and Chartered Life Underwriter® (CLU®). The Certified Kingdom Advisor® (CKA®) designation specifically seeks to integrate faith and professional expertise.
- Ask how the advisor is paid. Some receive commissions based on the products they sell … but are those products right for you? Others work on a fee schedule (hourly rate, fixed annual retainer, or percentage of investment assets). It is important to ask about compensation up front to ensure the advisor only has YOUR best interests in mind … not their own or their company’s.
- Make sure the advisor shares your Christian worldview. Working with an advisor who shares your stewardship mindset can make a huge difference. Many advisors emphasize saving and investing. Seek one that understands giving as well. Stewardship and mission are just as important as returns and retirement.
The financial advisors at GuideStream Financial (a subsidiary of The Free Methodist Foundation) fit all of these criteria. Contact us today if you are ready to begin the conversation.
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Content from Crescendo Interactive.
CONTACT US TODAY TO BEGIN THE CONVERSATION
We believe that with effective counsel and financial management, each person can multiply the impact of the resources entrusted to their care.
Hours
Monday: 8:00am – 5:00pm
Tuesday: 8:00am – 5:00pm
Wednesday: 8:00am – 5:00pm
Thursday: 8:00am – 5:00pm
Friday: 8:00am – 4:00pm
Saturday: Closed
Sunday: Closed