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How to select a Financial Advisor

Saturday, July 31, 2010 | Posted in Promo

How to select a Financial Advisor

Financial Planning Advisor

Financial planning basics

Financial planning is something that practically every individual has to conduct in order make the most of their income and efficiently allocate some of it for future use. A financial plan takes into consideration current expenses in relation to short-term and long-term savings as in the case of investments.

While financial planning is an important activity, not everyone is adept with it. And many simply do not have the time to sit down and manage their finances at a deeper level than just keeping tabs of their income and expenditures. This is where a financial planning advisor comes into the picture.

Selecting a financial planner

A financial planner is a financial professional trained to help individuals and businesses allocate their income efficiently so they get the most out of it. He provides relevant advice on investments, the most effective ways to save money, protect the investment choices and get better returns.

The thing about financial services is that there are no educational requirements or certifications – and this is why many people can just call themselves a “financial advisor” even if they have zero experience.  If you’re going to seek the assistance of somebody for organizing your finances, it’s best to make sure that you’re really working with someone who knows what he’s doing.

A good and reliable financial planning advisor must have a license that bears certification for helping his clients. When selecting a financial advisor, you need to go over your candidate’s credentials to make sure he’s the best qualified for the job.

Experience is also important. You want to work with a financial planning advisor who has been in service for a long time. This means that he is adept at providing financial advice. It also pays to inquire about the type of services that he offers and, of course, how much he charges for his services.

You want to know how the financial planner expects to be compensated. There are financial planners who charge a flat rate or an asset-based one for their services. Others do not charge separate fees and are typically compensated according to commissions through the sale of insurance and investment products. Others are compensated through both ways.

At IRA MD, we provide our clients both financial & tax planning, most financial advisors ask their clients to check their investment choices with their tax advisor, but the client almost never does! Many investors loose a large portion of their investment account because of bad financial advice that was not tax efficient resulting in a financial disaster.  After all, you want your finances handled by someone who can take care of them properly through financial and tax planning together.

Planning services: Why work with a tax and financial planner?

It would serve your best purposes if you hired a financial planning advisor who does both financial planning and tax planning. Investments and savings are governed by the most complex tax laws. The best way to get the most out of your investment and financial moves is by working with somebody who also understands the taxation side of these decisions.

Financial planners who know how to factor in the tax benefits of every investment decision can help individuals make the right choices. Enrolled Agents, for instance, can make for great financial planners because they can also help you with your taxes. They can help you prepare your income tax returns according to your investment  portfolio to ensure that you’re making the most out the tax shelter features of certain financial decisions such as investing in annuities or creating a retirement plan.

Financial planner, Financial advisor, financial planning company, financial planning firm LOS ANGELES COUNTY:

Acton - Agoura Hills - Alhambra - Altadena - Arcadia - Artesia - Avalon - Azusa - Baldwin Park - Bell - Bellflower - Beverly Hills - Burbank - Calabasas - Canoga Park - Canyon Country - Carson - Castaic - Cerritos - Chatsworth – City of Industry -Claremont - Compton - Covina - Culver City - Diamond Bar - Downey - Duarte - El Monte – South, - El Segundo - Encino - Gardena - Glendale - Granada Hills - Hacienda Heights – Harbor City - Hawaiian Gardens - Hawthorne - Hermosa Beach - Huntington Park - Inglewood - LA Los Angeles - La Canada Flintridge - La Crescenta - La Habra Heights - La Mirada - La Puente – La Verne - Lawndale – Long Beach – Lynwood - Malibu - Manhattan Beach - Marina del Rey - Maywood - Mission Hills - Monrovia - Montebello – Monterey Park - Montrose - Newhall - North Hills - North Hollywood - Northridge - Norwalk - Pacific Palisades – Pacoima - Palmdale - Palos Verdes - Panorama City - Paramount - Pasadena - Pearblossom - Pico Rivera - Playa del Rey – Playa Vista - Pomona - Rancho P.V. - Redondo Beach - Reseda - Rosemead - Rowland Heights - San Dimas - San Fernando – San Gabriel - San Marino - San Pedro - Santa Clarita - Santa Fe Springs - Santa Monica - Sherman Oaks - Sierra Madre – Signal Hill - South Gate - South Pasadena - Stevenson Ranch - Studio City - Sun Valley - Sunland - Sylmar - Tarzana – Temple City - Topanga - Torrance - Valencia - Valley Village - Van Nuys - Venice - Walnut - West Covina - West Hills – West Hollywood/LA Los Angeles - Westlake Village - Whittier - Wilmington - Winnetka - Woodland Hills .

Financial planner, Financial advisor, financial planning company, financial planning firm ORANGE COUNTY:

Aliso Viejo – Anaheim – Anaheim Hills – Balboa Island – Brea – Buena Park - Capistrano Beach – Corona del Mar – Costa Mesa – Cypress – Dana Point – Foothill Ranch - Fountain Valley – Fullerton – Garden Grove – Huntington Beach – Irvine – La Habra – La Palma - Ladera Ranch – Laguna Beach – Laguna Hills – Laguna Niguel – Laguna Woods – Lake Forest - Los Alamitos – Midway City – Mission Viejo – Newport Beach – Newport Coast – Orange – Placentia – Rancho St. Margarita – San Clemente – San Juan Capistrano – Santa Ana – Seal Beach – Silverado – Stanton – Sunset Beach – Surfside – Trabuco Canyon – Tustin – Villa Park – Westminster – Yorba Linda .

Financial planner, Financial advisor, financial planning company, financial planning firm RIVERSIDE COUNTY :

Aguanga – Anza – Banning – Beaumont – Blythe – Cabazon – Calimesa – Canyon Lake – Cathedral City – Coachella – Corona – Desert Center – Desert Hot Springs – Hemet – Homeland – Idyllwild, Indian Wells – Indio – La Quinta – Lake Elsinore – Mecca – Menifee – Mira Loma – Moreno Valley, Mountain Center – Murrieta – Norco – North Palm Springs – Nuevo, Palm Desert – Palm Springs, Perris – Rancho Mirage – Riverside – San Jacinto – Sun City – Temecula – Thermal - Thousand Palms – White Water – Wildomar – Winchester .

Financial planner, Financial advisor, financial planning company, financial planning firm SAN BERNARDINO COUNTY :

Adelanto – Angeles Oaks – Apple Valley – Barstow – Big Bear City – Big Bear Lake – Bloomington, Blue Jay – Cedar Glen – Cedarpines Park – Chino – Chino Hills – Colton – Crest Park – Crestline, Daggett – Fawnskin – Fontana – Forest Falls – Grand Terrace – Green Valley Lake – Helendale – Hesperia – Highlands – Hinkley – Joshua Tree – Lake Arrowhead – Landers – Loma Linda - Lucerne Valley – Lytle Creek – Mentone – Montclair – Morongo Valley – Needles - Newberry Springs – Ontario – Oro Grande – Phelan – Pinon Hills – Pioneertown - Rancho Cucamonga – Redlands – Redlands – Rialto – Rim Forest – Running Springs - San Bernardino – Sky Forest – Sugarloaf – Trona – Twentynine Palms – Twin Peaks – Upland, Victorville – Wrightwood – Yermo – Yucaipa – Yucca Valley .

Financial planner, Financial advisor, financial planning company, financial planning firm SAN DIEGO COUNTY :

Alpine – Bay Park – Bonita – Bonsall – Borrego Springs – Boulevard – Campo – Carlsbad - Chula Vista – Clairemont – College Grove – Coronado - Del Mar – Descanso – Downtown – Dulzura, East San Diego – El Cajon – Encanto – Encinitas – Escondido – Fallbrook – Grantville – Hillcrest, Imperial Beach – Jacumba – Jamul – Julian – La Jolla – La Mesa – Lakeside – Lemon Grove - Linda Vista – Logan Heights – Mission Village – National City – Normal Heights – North City West, North Park – Ocean Beach – Oceanside – Pacific Beach – Palomar Mtn – Paradise Hills - Pauma Valley – Pine Valley – Point Loma – Potrero – Poway – Ramona – Ranchita - Rancho Bernardo – Rancho Penasquitos – Rancho Santa Fe - San Carlos – San Diego - San Marcos – San Ysidro – Santa Ysabel – Santee – Scripps Ranch – Solana Beach - South San Diego – Spring Valley - Spring Valley – Tierrasanta – University City – Valley Center, Vista – Warner Springs .

Financial planner, Financial advisor, financial planning company, financial planning firm VENTURA COUNTY :

Bell Canyon – Camarillo – Fillmore – Moorpark – Newbury Park – Oak Park – Oak View – Ojai Oxnard – Piru – Port Hueneme – Santa Paula – Simi Valley – Somis – Thousand Oaks – Ventura Westlake Village .

 

 

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