Think of selecting a financial advisor as a little like dating. You want someone honest, intelligent, a good sense of humor, and basically someone you trust. 

So, how do you select?  To begin, start with intelligence.  Look at credentials and experience.  Does the person have a CERTIFIED FINANCIAL PLANNER™ designation?  What awards or advanced degrees has the advisor received?

For honesty, how is the person compensated?  Is the advisor “fee-only,” so the interests of the advisor are aligned with yours?  What do current clients say about the advisor?

With trust, ask the advisor what is his client retention for the past five years? 

For sense of humor, you’ll just have to meet with us.

So after you’ve checked out all of these, are you comfortable that you and this advisor have the potential for a long-term relationship?  After all, that’s what a relationship with a financial advisor is all about.

Here’s a tool to help you in evaluating your next date.