Financial planner or advisor for you

Hiring a financial planner of advisor for your money management needs is perhaps one of te most important decision you will ever make. So when you are evaluating potential money manager to know who would work best for you, wouldn't you want to get a clear perspective of how he or she would go about the business? After all, a chunk of your life's saving would be in the hands of the planner. To ensure that the person you are entrusting your money with fits your needs completely, ask a few simple, politer questions at the very outset.

The first step would be to establish the credentials of the planner. Check whether she or he is a certified profession with a CFA or CFP tag or some other acceptable qualifications. How long has he or she and the firm been advising clients? Has the person ever been disciplined y the regulator or any other authority? How does the advisor get paid commission or fees? Get a clear picture about the compensation structure adopted by the advisor. Fess may be charged on an hourly basis, as a monthly or annual retainer, or per transition. Be sure to get an estimate of the financial plan will be implemented and check whether it matches with your own long term objectives. Also enquire about specific area of expertise. A good way would be to ask the advisor to explain a few concepts to you People tend to hesitate about asking this question do you make more if I buy these stock or mutual potential areas for conflict of interest. If your advisor receive commissions or other incentive for pursing certain product ensure discloses such information beforehand. This is where many people burn there finger politely request the planner for a written, signed agreement that outlines the service and charges, in a precise manner.

Cofinax :-Cofinax is a company established in Switzerland since 1989. Our unique expertise in management and administration of financial companies lies behind every service we offer and enable us to provide competitive and sustainable business solutions for the set-up of Equity Management, Trading, Hedge Fund, and Asset Management companies in Switzerland.