Selecting an Advisor
At Partnership Wealth Management, we recognize that the process of selecting a financial advisor can be intimidating. This is the person with whom you will share your goals, dreams, and fears. This is the person who will provide you guidance with your life savings. Many people delay searching for an advisor simply because they find the process overwhelming.
We recommend learning about the benefits of working with a Registered Investment Advisor (RIA) team. We believe that working with a team of advisors allows for a broader knowledge base, more experience, and a greater likelihood of specialization in areas of interest to you. As you’re searching for an advisor, look for one with credentials that match your needs, such as a CFP® professional, Chartered Financial Analyst (CFA®), or an Accredited Domestic Partnership Advisor℠.
From our experience, clients are often unsure how to select an advisor they can trust with their financial status, concerns, and goals. The following websites provide some useful information on professional designations, selecting an advisor, questions to ask during your first meeting, and checking out a prospective advisor’s regulatory background.
- FINRA Investor Information (We recommend clicking the FINRA Broker Check & Understanding Professional Designations tabs under Most Viewed on the right)
- State of Maryland Investor Education
- The SEC’s Investor.gov
- Certified Financial Planner Board of Standards, Inc
Like any other relationship, the foundation of the relationship with your advisor should be built on trust and communication. Make sure you are completely confident with your choice before you move forward.
Contact us to learn more about the benefits of financial planning and working with an RIA.