Four Tips for Choosing the Right Financial Advisor in Oklahoma City, OK for Your Needs

April 23, 2019 2:12 pm Published by Leave your thoughts

Recently, you may have decided to find a professional to help you with money management. With a good financial advisor or consultant on your side, you’ll be better able to pursue your financial goals, plan for retirement, maximize your assets, get a handle on estate planning and so much more. Keep in mind that there are many things to consider when searching for professional financial assistance. One important consideration is the different types of financial consultants. Each may offer a specific service or a wide range of services, and fees will vary depending on the type of service and the company.

The best financial consultant is the one that suits your specific needs perfectly, someone you can see yourself working with for a long time. Check out these four tips for choosing the right financial advisor in Oklahoma City, OK for your situation:

  • Watch out for scams: Anyone can call themselves a financial advisor, which is why you must watch out for scams and frauds. Researching the average fees for financial services in your area will give you a good idea of what you can expect to pay a company for financial advice. When you do this and keep your guard up, you will know whether an offer sounds too good to be true. One common scam is potential financial advisors wanting to come to you. Always request to meet at their office to ensure they are a legit business. Avoid accepting unsolicited sales calls and never write a check directly to an individual for financial management services.
  • Put yourself first: Having a clear idea of your goals, any upcoming life milestones and financial priorities will help you figure out the type of advisor you want handling your financial situation. With all this in mind, take the time to outline your financial goals and personal priorities before choosing someone. It doesn’t hurt to ask yourself a few questions: What is most important to me? What are my short-term and long-term financial goals? What milestones are coming up that I need to prepare for? Do I want an advisor who can do everything for me? How involved do I want to be in my financial plan?
  • Find your financial “type”: Knowing your goals and priorities gives you a better sense of the best type of financial consultant for your needs. The three main focuses of financial advice are financial planning, investment advice and retirement planning. Some advisors specialize in one or two types, while others are certified in all three. Check their credentials before letting them into your financial or personal life.
  • Set up a meet and greet: Once you’ve narrowed down your list of potential financial advisors, it’s time to set up appointments to meet in their offices. Consider this meet and greet an interview. After all, you’re the one doing the hiring here. Note important things like their demeanor, professionalism, financial knowledge and level of organization.

Contact the team at Chrisman & Chrisman Financial Services to start working with an experienced financial advisor in Oklahoma City, OK today!

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