Hiring a Financial Planner

by Lee Wyatt
(last updated August 8, 2019)

There are many different ways that you can go about getting your finances organized. Having organized finances are one of the best ways that you can go about not only saving money, but preparing for emergencies. The best way that you can go about getting your finances organized is by actually hiring a financial planner. Financial planners can be a great tool for those who do not have the time, or knowledge, to take care of their own financial needs. Here is some helpful information that you can use to begin hiring a financial planner to take care of your needs.

  • What do they do? In the simplest possible terms, a financial planner is a person who will take care of your fiscal needs. Just as in any other profession, there are specialists that focus on specific areas of business or goals. For example, some financial planners will focus on helping you get a house, get out of debt, go to college, start a business, or retire from the business world.
  • When should you get one? The best time to begin hiring a financial planner is when you are really ready to begin making your goals a reality. Ideally, you will want to begin talking to a financial planner before you begin making any life altering decisions, or have any major life changes coming up. Some examples of these are when you get married, have a baby, lose a job, or when you get hired on at a new job.
  • What is the average pay? Before you begin hiring a financial planner, you need to understand how much they can cost you. Generally speaking most financial planners will work in one of two ways. The first is that they will charge you an hourly fee, and the second is that they work on a commission basis. On average, a financial planner that charges an hourly fee will charge you between $150 and $300 per hour. Those financial planners that work on a commission will charge you between 2 percent and 7 percent of the sales. Make sure that you know what type of fees your potential financial planner will charge prior to signing any contract with them.
  • Where to find one. There are several methods that you can go about to find a financial planner. You can contact your local bank, go on line, or even ask friends and family for some advice. What you need to do though before you hire any planner, is make sure that they are a certified financial planner (CFP). These people are the ones who have gone through the training, and have the experience that you can trust.

Author Bio

Lee Wyatt

Contributor of numerous Tips.Net articles, Lee Wyatt is quickly becoming a regular "Jack of all trades." He is currently an independent contractor specializing in writing and editing. Contact him today for all of your writing and editing needs! Click here to contact. ...

MORE FROM LEE

PC Storage

PC storage isn't only about how many things you can save and store on your computer. It is also about how to actually ...

Discover More

Musty Dark Towels

Sometimes, no matter what you try, towels just don't seem to get totally clean. Periodically these pieces of laundry will ...

Discover More

Choosing Energy Efficient Light Bulbs

It is becoming more and more popular to make the home as energy efficient as possible. One of the more common methods ...

Discover More

Find the Right Tool Right Away Finally, a homeowner's set that includes all the tools needed to complete basic DIY projects at an affordable price! The tools are stored in a molded case for security and portability. Check out Stanley 65-Piece Homeowner's Tool Kit today!

More Organizing Tips

Decluttering Quickly

The problem with clutter is that it leaves you feeling unorganized. In less than thirty minutes a day you can become ...

Discover More

Organizing Vehicle Financing

Perhaps the single most confusing aspect of purchasing a new car, truck, motorcycle, or any other kind of vehicle, is ...

Discover More

Organizing Systems

Whether you need to organize yourself, your home or office, step-by-step planning is the answer. Here are a few tips for ...

Discover More
Subscribe

FREE SERVICE: Receive an e-mail several times each week with a featured organizational tip. Enter your address and click "Subscribe."

Comments

If you would like to add an image to your comment (not an avatar, but an image to help in making the point of your comment), include the characters [{fig}] in your comment text. You’ll be prompted to upload your image when you submit the comment. Maximum image size is 6Mpixels. Images larger than 600px wide or 1000px tall will be reduced. Up to three images may be included in a comment. All images are subject to review. Commenting privileges may be curtailed if inappropriate images are posted.

What is nine more than 7?

There are currently no comments for this tip. (Be the first to leave your comment—just use the simple form above!)


Subscribe

FREE SERVICE: Receive an e-mail several times each week with a featured organizational tip. Enter your address and click "Subscribe."

(Your e-mail address is not shared with anyone, ever.)