Picking a Financial Adviser

No Commission Rule:
The first rule to follow in every real estate deal should look for an adviser who does not charge commissions. A financial adviser will trouble you more if there is a commission involved.

Don’t confuse a fee-only adviser with a fee-based adviser because a fee-based advisor will include multiple fees in a deal. A list of advisers that work without commissions can be found in National Association of Personal Advisors.

Some of the fee-only advisers and brokers set a yearly percentage on your deal if they manage the asset long term.

Learn the Jargons:
It is important that you get a knowledge of all the main jargons used in an industry before stepping.
Before hiring a financial adviser to manage your deals, get to know the terms for better communication.

Terms like a buyer’s market, appreciation, and seller’s market are used often in real estate meetings. While a CPA (Certified Public Accountant) is someone that may help you out with your tax management.


It is important to search for reviews of someone you’re about to work with. If the adviser you’re searching for is also registered as a broker, it will get easier to search for his profile on the web.


Meet Several Candidates:
You need to be picky about choosing someone to handle your sensitive matters. Meet different candidates for you decide on one.
Personal chemistry matters the most in this kind of relationships. You cannot spend your money on advice that does not satisfy you.

Why would that happen? Because when you’re not at ease with someone as a person, you’ll not like what they have to say about your financial matters.

Almost all advisers offer an intro session for free in which they tell you about their expectations and how they’ll fulfill your needs and at what cost.
Take full advantage of these sessions before arranging a formal meeting with the paperwork. Spend at least 60 minutes with the person and ask different questions about what strategy they’ll follow, etc.

Ask Straight Question:
Talk to the point when you discuss how things will shape up in the future. Ask the adviser about his background, fee patterns and where would he want you to invest.

Before you get into a formal deal, make sure the adviser understands what you require of him or her and for how long.