Woman smiling sitting at desk with laptop

3 Tips For Selecting The Wealth Management Firm For You

Picking the right wealth management firm is one of the best investments you can make for your financial future. But, how do you decide which is the best wealth management firm for you? What questions do you need to ask to make an educated decision?

Trajan Wealth believes in financial health, and we have the 3 tried-and-true tips for selecting the top wealth management firm for your individual needs. 

Verify Credentials

Trust and honesty are at the heart of a strong wealth management partnership, and knowing the firm’s credentials will help build a solid foundation for your relationship with them. Ask about their recent track record

  • Have they won any awards or received any accolades? 
  • Can you find any positive reviews through the Better Business Bureau? 

Check that your advisor is a Certified Financial Planner (or CFP for short) by utilizing this site. The website Finra’s BrokerCheck will tell you if a person or firm is registered to offer investment advice and/or sell securities. Doing your homework on potential wealth management advisors helps protect you from working with someone whose standards might not meet yours. 

Make It Personal

Finances are a very personal thing, and you want to find the best wealth management firm whose ideologies line up with yours. Set up a time to talk to your potential advisor to ensure you have a connection with them:

  • Do they seem trustworthy? 
  • Can you have an honest conversation with them? 

Remember, you’re the one hiring, so take the time to ensure they’re a good match for the job. 

As you meet with potential wealth management advisors, here are some questions to consider

  • Have they taken the time to truly understand your goals? 
  • Do your investment philosophies line up? 
  • Are you getting what you want out, or simply submitting to what they offer? 

Get Into the Nitty Gritty 

Make sure you have a clear understanding of how your Certified Financial Planner is compensated. Hiring a financial planner who is primarily commission-based may not be putting your financial needs and goals first. You want a CFP who is recommending services and products that fit your needs, not ones that line their pockets. 

That’s Where Trajan Wealth Comes In

At Trajan Wealth we believe strongly in tailored-made wealth management plans, transparency, and a personal touch. Check out our wealth management services, and if our goals seem in line with yours, set up an appointment. We love to meet you, get to know you, and work on putting your financial future in order

© 2024 Trajan® Wealth LLC. Nothing in this blog is intended as investment advice, nor is it an offer to buy or sell any security. Please consult your financial advisor for questions about your personal financial situation. All investments involve risk, including the potential for loss. Trajan Wealth clients and employees may have a position in any of the securities mentioned. Portfolio holdings and other data are subject to change at any time and without notice. Additionally, the above links provided as a convenience and for informational purposes only; they do not constitute an endorsement or an approval by Trajan Wealth, L.L.C., of any of the products, services or opinions of the corporation or organization or individual. Trajan Wealth, L.L.C., bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. These materials are for informational and educational purposes and are not designed, nor intended, to apply to any person’s individual circumstances. It does not take into account the specific investment objectives, tax and financial condition, or particular needs of any specific person. Please consult with your legal and/or tax advisor before making any tax-related decisions.