A good financial specialist does well when you do well and a bad one can charge you for the privilege of squandering your money. How can you tell the difference? These tips can help you sort out the good from the bad:

 

Firm Size

When deciding on a financial consultant, choosing a big-time company is not always the best choice. Even though they are widely trusted, big companies can have a one-size-fits-all approach to investing.

The Tranel Financial Group has advisors who will work with you to calculate the unique aspects of your financial situation.

 

See How They Talk to You 

In an initial meeting, a good financial expert will do much more asking than telling. They’ll want to know everything about your situation. Do you have debt? Have you started saving? When do you want to retire? These questions help to shape a retirement strategy around your needs.

 

See What Process They Use

Some financial counselors will want to ask questions and use your answers to formulate a plan. Others will want to present you with a range of options and involve you in a collaborative process about your financial future.

Which style you select is largely a matter of personal preference. To have a better understanding of your potential advisor’s technique, don’t be afraid to ask for references.


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