What You Need to Know About Financial Planning Services in Albuquerque, NM
If you’re considering employing financial planning services in Albuquerque, NM you need to arm yourself with some crucial information before doing so. Hiring the right financial planner can mean financial security for you and your loved ones. Hiring the wrong financial planner or investment advisor could result in financial disaster. The key to choosing the right financial advisor is to know exactly what your financial position is now, and where you want to be at a particular point in time. Select specific goals and targets, and be clear and precise about what you want to accomplish by using financial planning services in Albuquerque, NM.
Make Sure Your Financial Planner in Albuquerque, NM is Licensed
Although the government regulates the financial industry, financial planners themselves are not regulated or overseen as such. How individual financial planners are regulated depends on their field of expertise or area of practice. This is very important to remember when considering candidates for investment planning in Albuquerque, NM. A stockbroker for instance can be a financial planner, but not all financial planners can trade in stocks, bond, and mutual funds. You have to tread cautiously and slowly when making decisions about the financial planning service you hire, your decision could literally make or break you.
The truth is that anyone can call themselves a financial planner, so checking credentials is critical. Some of the credentials and qualifications you should look for are:
· CPA - Certified Public Accountant
· ChFC – Chartered Financial Consultant
· AEP – Accredited Estate Planner
· PFS – Personal Financial Specialist
Don’t be afraid to ask the planner you are considering working with to see their credentials and to explain what they mean. You should know up front if they can perform certain services themselves or if they’ll have to farm that work out. If they do need to farm out particular services, ask them the name and qualifications of the person or any additional Albuquerque, NM investment planning services they’ll be using, and check them out as well.
Which Albuquerque, NM Investment Planning Service is Best for You?
Which Albuquerque, NM financial planning services is best for you depends on several factors. One is the size and value of your portfolio. Another is what you wish to achieve with your resources, and what time frame you want to achieve them in. If you are planning a long term retirement fund, you might want to use a stockbroker who can buy and sell stocks as the market changes.
There are as many options as there are financial advisors. One thing you want to be sure of is to be clear about your goals, and how quickly you want to achieve them. An open, honest dialogue with your planner is crucial, so don’t just tell them you want to be “well off,” say you want to have X amount of dollars by a specific date. Doing so will ensure you make the most of any financial planning services in Albuquerque, NM that you hire.