Trying to find a quality financial advisor that you trust can be a difficult task. Making it even more complicated is the fact that the term “Financial Advisor” can be a bit ambiguous and may apply to vastly different roles that serve different needs. Regardless of your specific needs, a financial advisor should be someone who you trust that offers quality advice to help you achieve your specific financial goals.
When trying to find a financial advisor, there are two types of advisors that you will find most frequently in your search: fiduciary independent advisors and commission-based advisors.
The first, a fiduciary independent advisor, makes money by charging you a fee for their services. This is usually either an asset-based fee or an hourly fee. Almost all fee-only financial advisors are fiduciary advisors.
The term “Fiduciary” means that the advisor is bound by fiduciary duty to act in your best interest. Because of this, fee-only advisors are usually the most objective and unbiased financial advisors, and they are required to put your interests above their own.
On the other hand, a commission-based advisor will earn some or all of their money from sales commissions from third parties. Commission-based advisors are not fiduciary and work to sell you financial products from investment and insurance brokerages. If you chose to work with a commission-based advisor, it is important to take special care to make sure the advisor is working to meet your goals and not just to sell you products.
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Identify Why You Need a Financial Advisor
When searching for the right financial advisor, it is also important to identify your specific needs so that you can make sure the advisor offers services that align with your financial goals. The main services offered by financial advisors are holistic financial planning, retirement planning, and investment management. Regardless of your financial situation, an experienced financial advisor can help you create a detailed plan for your financial objectives. If you would like to begin saving for retirement, it is important to find an advisor that specializes in retirement planning services. They will be able to help you plan for social security, taxes, pensions, and more to ensure a successful and stress-free retirement.
How Zoe Financial Can Help
Zoe Financial connects you with a network of trusted, reputable financial advisors so that you can find the perfect financial advisor for your individual financial goals. Zoe’s network consists of the country’s top 5% of independent, fiduciary, commission-free financial advisors and planners. You will not have to sort through any salesmen or representatives to find the help you need.
Zoe also uses a matching algorithm to connect you with advisors that meet your specific financial needs. By answering a few questions at no cost to you, you can connect with an experienced financial advisor and begin working to tackle all of your financial goals and objectives.
Nationwide Advisor Network
Hundreds of advisors are part of the Zoe network. All of our advisors are vetted and Zoe Certified.
