It’s Time To Take A Zen Approach To Investing And Overcome Your Fears

How To Find A Trustworthy Financial Advisor

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Know the language around the profession. Anyone can call themselves a financial advisor if they know a little about the markets. But the gold standard is a fiduciary advisor. This is someone who is legally bound to make decisions that are always and exclusively in your best interest.

A non-fiduciary advisor might recommend products that will earn them a high commission but aren’t in your best interest. Only a fiduciary advisor is legally obligated to make all decisions based on your best interest. Fiduciaries are going to be Registered Investment Advisors (RIAs). Certified financial planners (CPAs) are also often fiduciaries – but ask to confirm.

Once you have a fiduciary advisor in place, who has a proven track record with people you know, you can breathe a little easier. Someone who is informed is making decisions about your money, so your fear of investing should subside.