Choosing a financial advisor is one of the most important decisions you’ll ever make. The right advisor can help you grow your wealth, protect your assets, and plan for a secure future. But with so many titles and options out there, how do you know who to trust?
At Family Asset Planner in Canton, Ohio, we believe that selecting a financial advisor should be based on trust, transparency, and your personal goals. Here’s a guide to help you choose wisely.
Step 1: Understand the Types of Financial Advisors
Not all financial advisors are created equal. Some work on commission, others charge fees, and some may not be legally obligated to act in your best interest.
Key advisor types include:
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Fiduciary Financial Advisors: Legally required to act in your best interest. Often fee-only or fee-based.
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Broker-dealers: May earn commissions on product sales. Held to a “suitability” standard—not always in your best interest.
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Certified Financial Planners (CFP®): Must pass rigorous exams and copyright high ethical standards. Many operate as fiduciaries.
???? Tip: Always ask if your advisor is a fiduciary.
Step 2: Look for Credentials That Matter
The financial industry is full of confusing titles. Focus on professionals with trusted certifications such as:
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CFP® (Certified Financial Planner) – Comprehensive training in personal finance, retirement, investments, insurance, and estate planning.
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CPA (Certified Public Accountant) – Especially useful for tax planning.
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CFA (Chartered Financial Analyst) – Investment-focused, ideal for portfolio management.
These designations show the advisor has the training and ethical standards to serve your long-term needs.
Step 3: Match Services with Your Goals
Advisors specialize in different areas. Choose one who aligns with your current needs:
| Your Need | Best Advisor Type |
|---|---|
| Retirement planning | Fiduciary CFP® |
| Investment strategy | CFP® or CFA |
| Tax-efficient planning | CFP® and/or CPA |
| Estate or wealth transfer | CFP® with estate planning experience |
| Business succession | Financial planner with small business focus |
Step 4: Ask the Right Questions
Before hiring a financial advisor, ask:
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Are you a fiduciary?
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How are you compensated (fee-only, commission, hybrid)?
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What services do you offer?
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What experience do you have with clients like me?
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Will you create a custom financial plan for my goals?
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How often will we meet or review my portfolio?
Transparency is key. A trustworthy advisor will answer openly.
Step 5: Evaluate Communication Style
Your financial advisor should make you feel understood, not overwhelmed. If they speak in jargon, pressure you to buy, or avoid questions—walk away.
At Family Asset Planner, we pride ourselves on clear, honest communication tailored to each client’s comfort level.
Why Choose Family Asset Planner?
Based in Canton, Ohio, we are a team of fiduciary, Certified Financial Planners committed to serving families, professionals, and retirees with:
Transparent, fee-based advice
Customized financial plans
Ongoing education and support
No product pushing—just solutions that serve YOU
Ready to Work with a Financial Advisor You Can Trust?
Phone: 888-222-1286
Website: familyassetplanner.com
Address: Canton, Ohio 44708
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