Some readers of financial blogs keep coming back for the free “advice.” There are some better ways to get in touch with financial advisement online, and Kiplinger’s Personal Finance has a few suggestions for finding a real advisor through the internet.
* The Alliance of Cambridge Advisors is a network of 75 advisors in 25 states who passed a peer review, passed a long training course, and regularly attend industry conferences.
* The Garrett Planning Network lists 250 fee-only advisors and helps you find an advisor tailored to your own interests. Take a look at their financial fitness wheel.
* MyFinancialAdvice.com pairs you up with an advisor who can provide immediate advice. Their database contains advisors grouped by topic their a range of hourly rates. Once you select an advisor, you can email your question. The website will respond with the price and estimated response time for your answer.
* WiserAdvisor.com lets you narrow down your search to find an advisor with a specific set of qualification determined by you, but Kiplinger’s claims spotty results.
* Paladin Investor Resources is an elite group of advisors; only 820 out of the 14,000 who applied made the cut and many have multiple certifications.
When you meet with a financial advisor, the first meeting is usually free. This time should be used to determine if the relationship is right for you. Kiplinger’s offers these suggested questions:
- Are there financial incentives for you to recommend certain products?
- Do you provide a comprehensive written analysis of my financial situation and recommendations?
- Do you take custody of, or have access to, my assets?
- Do you have clients who might be willing to speak with me about your services?
The Internet is a great tool for financial advice, as long as you’re looking in the right places. These links should help you get started.
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