6 Tips For Choosing the “Right Fit” Financial Advisor - Replay

Are you part of that 68% of people who would like to have a personalized financial plan, but aren’t sure where to find a financial advisor?

What should you pay attention to when trying to get a financial planning expert to help you, and you’re evaluating different options?

In this new episode of the Common Sense Financial Podcast, host Brian Skrobonja shares six factors you should keep into consideration and look at when going through different financial advisor options.

• According to a May 2022 PR Newswire survey, 68% of people would like to have a personalized financial plan, but they’re not sure where to find a financial advisor.
• Brian sees information-gathering and understanding that planning isn’t the same as investing are the biggest mental hurdles of financial planning.
• When it comes to picking a financial advisor, there are six primary factors Brian suggests looking at.
• A 2022 study found that 80-90% of advisors fail in the first three years of practice – the main reason being the steep learning curve involved in serving clients.
• 10 years is the minimum that Brian would look for in terms of experience a financial advisor has.
• Brian discusses the different designations a financial advisor might have.
• Brian touches upon the importance of whether a financial advisor owns the company and the range of services they offer.

 

 

Mentioned in this episode:

BrianSkrobonja.com

Dan Sullivan

Chat GPT

FINRA 

The Financial Fiduciary Standard Explained (2021 Kipliger article by Brian)

 

Reference for this episode:

https://www.prnewswire.com/news-releases/nearly-3-in-5-americans-59-want-financial-advice-but-are-not-sure-where-to-get-it-according-to-intelliflo-survey-301494402.html

 

 

Securities offered only by duly registered individuals through Madison Avenue Securities, LLC. (MAS), Member FINRA &SIPC. Advisory services offered only by duly registered individuals through Skrobonja Wealth Management (SWM), a registered investment advisor. Tax services offered only through Skrobonja Tax Consulting. MAS does not offer Build Banking or tax advice. Skrobonja Financial Group, LLC, Skrobonja Wealth Management, LLC, Skrobonja Insurance Services, LLC, Skrobonja Tax Consulting, and Build Banking are not affiliated with MAS.

Skrobonja Wealth Management, LLC is a registered investment adviser. Advisory services are only offered to clients or prospective clients where Skrobonja Wealth Management, LLC and its representatives are properly licensed or exempt from licensure. 

The firm is a registered investment adviser with the state of Missouri, and may only transact business with residents of those states, or residents of other states where otherwise legally permitted subject to exemption or exclusion from registration requirements. Registration with the United States Securities and Exchange Commission or any state securities authority does not imply a certain level of skill or training.

Past performance is no guarantee of future returns. Investing involves risk, including the potential loss of principal. It is not possible to invest in an index. Any references to protection, safety or lifetime