Search

The article discusses how certified financial planner Alfred McIntosh helped three generations of the Wynne-Allen family worked together to create a financial legacy in the U.S. The Allens started working with McIntosh to organize their finances, after which they introduced their son to the planner for advice on preparing for his own financial future. According to the author, the Wynnes signed up for the fee-only services of McIntosh based on a referral. Differences between the Wynnes and the Allens on how they handled their finances are discussed.

The article provides guidance on choosing a financial planner. It offers information on the ways professional advisers operate as well as how much they are paid to doing their job. The author presents six questions to ask before choosing a planner or an adviser. She also outlines the do's and don'ts of choosing a planner.

This article offers tips that can help investors screen their financial advisers and avoid being victims of scams. It explains that high returns almost always means high risk. Investors should not mistake a smart appearance, smooth sales pitch or flawless manners for integrity. Before hiring an adviser, ask what licenses he or she has and double-check that information with the Financial Industry Regulatory Authority's broker database at www.finra.org/brokercheck. Investors should monitor your investments and ask probing questions.

The author offers pieces of advice on becoming a financial adviser. He notes that one key credential an aspiring financial adviser will want is to become a certified financial planner. On a more advanced level, there are additional examinations administered by the National Association of Securities Dealers that can qualify one to handle securities transactions. With respect to on-the-job training, at least two major firms have structured programs--Edward Jones Investments and Ameriprise Financial.