Finding a financial advisor can feel a little daunting, especially if you’ve recently moved to a new city. But it doesn’t have to be. Today, we’re taking the guesswork out of the process with five tips that will help you on your search. But first . . . let’s talk about why you need a financial advisor in the first place.
Why Everyone Needs a Financial Advisor
Just like Googling your symptoms isn’t a great way to diagnose your health condition, the same is true for seeking out financial advice. What you need on your journey to building a solid financial foundation is going to be different from your neighbor or even your coworker.
Financial advisors play a huge role in navigating their financial needs like retirement planning, legacy planning, investing, and solid financial advice along the way. Money touches almost every area of our lives. That’s why it’s so important to find an advisor that aligns with your values and seeks to understand your individual and unique financial situation.
5 Tips for Finding a Financial Advisor in a New City
1. Know your values.
Knowing your spending habits, what you believe about money, and your personal goals will go a long way in your search to find someone you can trust with your money decisions.
2. Do your research.
We live in the digital age which makes finding a financial adviser easier than ever. Research financial firms near you and see if they align with your values. Check out our website to see if a SageSpring Wealth Advisor is near you.
3. Ask for a referral.
Word of mouth is still one of the best ways to connect with professionals and get personal recommendations from family and friends. Ask your coworkers, movers, or even a new friend who they trust with their financial planning.
4. Always check the reviews.
Reviews can give you a good idea of how someone else’s experience was with a financial firm or particular advisor. As you’re searching online, make sure to check out the reviews. Just remember, no review is as good as it sounds and no review is as bad as it sounds.
5. Chat with more than one advisor
Most advisors offer a free introductory call. Take advantage of those! If you’re intentional with the time, you’ll get a good sense of how you can work together and if it’s the right fit.
Questions to Ask Your Potential Advisor
As you start meeting with financial advisors, you’ll want to have some good questions to ask in your back pocket. Their answers to these questions will help you get a good feel for who you might be trusting with your financial future.
Here are a few questions to ask a financial advisor:
- What are your financial values?
- Describe your investment approach.
- What is your response to failure?
- What is your communication style and how often do you communicate with clients?
- Do you work with a financial team?
- How are you compensated?
- Do you have recommendations or client successes you can share?
Finding a financial advisor in a new city can be intimidating. But our advisors at Sagespring Wealth Partners would love to help. We are committed to putting our client’s best interests first. If we aren’t a good fit, we’d love to help you find an advisor that is. Reach out to a Sagespring financial advisor today.
