Finding a Financial Planner in Logan, UT: Tips and Tricks for Success
Are you thinking about your financial future and wondering how to make the most of your hard-earned money? You’re not alone. As life goes on, you may find that you need help managing your finances, planning for retirement, or making important financial decisions. That’s where a financial planner comes in. In this blog, we dive into what to look for in a financial planner and how to find one in Logan, UT.
What Does a Financial Planner Do?
A financial planner is a professional who can help you create and maintain a financial plan. They look at your financial situation holistically, considering things like savings, investments, insurance, taxes, and retirement. With their education and experience, they can help you set financial goals and create a plan to achieve them. They can also manage your investments to help ensure they align with your objectives and risk tolerance.
When looking for a financial planner, you want to find someone whose advice you trust. That’s why our financial planning firm is fee-only, fiduciary, and independent. Let’s break down what these terms mean:
Fee-only: A fee-only financial planner charges clients a fee for their services rather than earning commissions from a third party for selling financial products. Being fee-only helps reduce potential conflicts of interest.
Fiduciary: A fiduciary financial advisor is legally required to act in your best interest. This means they must prioritize your financial well-being above their own.
Independent: Independent financial planners are not affiliated with financial institutions or product providers. Their independence means they have no ties to specific companies or products, so they can offer you a wider range of options and objective advice.
We think finding a financial advisor with these qualities can help provide peace of mind that they’re serving your interests, not their own.
How to Find a Financial Planner in Logan, UT
Now that you know some qualities to consider in a financial planner, let’s discuss how to find one in Logan, UT.
Start with referrals: Ask your friends, family, or colleagues if they’ve worked with a financial planner they’d recommend. Personal referrals are a great way to find a trusted professional.
Use online resources: Websites like FeeOnlyNetwork.com or the National Association of Personal Financial Advisors (NAPFA) can help you search for fee-only, fiduciary, and independent financial planners in your area.
Research their website: Take some time to explore a potential advisor’s website before reaching out. Look for information on their services, process, and philosophy. You can also check for things like whether they are fee-only.
Check credentials: Look for a financial planner who holds certifications like the CERTIFIED FINANCIAL PLANNER™ designation. The CFP® certification indicates a high level of education and experience, and a commitment to ethical practices.
Research their background: Before scheduling a call, check the planner’s background on the SEC’s Investment Adviser Public Disclosure website or FINRA’s BrokerCheck. This can give you information about any disciplinary actions or complaints against the financial professional.
Schedule a call: Reach out to a few financial planners that meet your criteria and schedule a call to discuss your needs and goals. This will give you a sense of how they may help you and whether you feel comfortable working with them.
In Conclusion
By using these tips and taking the time to research and connect with potential financial planners, you’ll be well on your way to finding a financial planner to guide you through your financial journey. Remember, it’s important to find someone you feel comfortable with and can trust to have your best interests at heart. So don’t hesitate to ask questions and make sure they align with your values and goals. With the right financial planner by your side, you can more confidently navigate the world of personal finance and help set yourself up for long-term success.
Schedule a complimentary, 15-minute call with a fee-only, fiduciary financial advisor today to discuss your personal situation.
This material was generated using artificial intelligence (ChatGPT) and edited by Kaleido Inc. from information derived from sources believed to be accurate. This information should not be construed as investment, tax, or legal advice.
Parkshore Wealth Management is a family-owned, independent, fee-only Registered Investment Advisor with offices in Roseville and Folsom, CA, and Lehi and Logan, UT. We partner with financially responsible individuals and families who are eager to take positive steps that will allow them to use their money to build the life they desire. The firm is led by Harold Anderson, CFP®, and Daniel Andersen, CFP®, both members of NAPFA, the country’s leading professional association of fee-only financial advisors.