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Absolutely not. A financial planner is there to grant you advice on safe and productive ways of investing your money. You should never feel bound to or obligated by your financial adviser if he/she breaches your comfort. Entrusting your money to somebody else is a large commitment, no matter the amount of money. You should feel comfortable with the planner you are dealing with.

In order to find a planner who is trustworthy and savvy with financial happenings, it requires some work on the part of the investor. Yes, you do have to do your homework. It would behoove you to interview a number of firms and examine their portfolios before you make a commitment. You should ask the same questions at every firm and keep a keen ear for get-rich-quick scandals. Remember, if you are looking for a financial planner, you are inadvertently saying that you have not the time and/or tenacity to deal with your finances. The only real way to get rich quick is by sitting in front of a computer screen 8 hours a day making countless trades, which is a job in itself. This is a long haul; saddle up and get ready to ride.

Also: Be extremely cautious of guarantees. Guarantees should only be made on investments with fixed return rates, such as an IRA or a 401k account. Any person that guarantees his stock choices shows no working knowledge of the intricacies and fluctuations of the stock market.

In short, a financial planner can be a viable and effective choice in you future finances. It will require some research on your part, but when executed with caution, you will establish a secure future while building a trusting relationship.

Learn more about this author, J. Corbelli.
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