How to identify the right fit

Perhaps one of the most responsible jobs one individual can entrust to another person is that of managing their financial future. Hiring a financial advisor is one of those pivotal life decisions – the proverbial “fork in the road” that can dictate the path of your financial future for decades to come. Choosing the wrong individual may cause significant financial harm and most often these mistakes are not realized until the harm has been done.

Many people chose an advisor based on a referral from a friend or colleague, but little conversation goes into the selection process. Many just take for granted that the referral source has vetted the advisor, without an understanding of the criteria used. We generally hear “I like them” or” they’re good” But why do we like them or think that they’re good? Do we define a criterion?