Attributes to look for when selecting financial planners:
- Select one that is fee based and not on a commission basis. Pay for advice and not a product.
- He or she should be calling you at least once a year to see what has changed in your life that could affect your current financial plans. Outstanding financial planners should be calling you every six months.
- Is your financial planner making the best decisions for you or are they making the best decisions for themselves? In other words, are they only recommending certain products that will make them money on commissions, fees, trips, etc.
- Stay away from annuities. There are much better investments out there.