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Three Things to Consider When Choosing a Financial Advisor

Three Things to Consider When Choosing a Financial Advisor

April 20, 2018

For many people, the process of choosing a financial advisor can be both overwhelming and intimidating. There are hundreds of options available, and you’re trusting someone to manage not just your financial investments—but your future, as well.

 Each year, Forbes Magazine creates its list of the Best-In-State Wealth Advisors. I am very pleased and honored to say that I and the team at Impel Wealth Management were included on the 2018 list. After participating in this nomination and selection process, I’d like to share what I believe sets the best advisors apart.

 Here are three things you should consider when choosing a financial advisor:

  1. Focused on your future
    We spend so much time dealing with the day-to-day issues of life that it can be easy to lose sight of the future. It’s the goal of your financial advisor to put things in perspective.

    When I meet with clients, one of the first things I want to know is this: what do you want for your future?

    Though it may be 10, 20 or 30 years down the road, achieving your ideal future requires planning. As a financial advisor, my job is to help put you on the path to the future you envision for your family. If you feel like an advisor is more interested in your financial balance sheet than your future goals and desires, they may not be the right person to help you.
  2. Professional insights
    When entrusting your financial assets to an advisor, you should make sure they’re highly qualified with a proven track record. Two things that can help you make that determination are credentials and experience.

    I always recommend trusting a Certified Financial Planner (CFP) with your investments. To earn the CFP designation, an advisor must have several years of experience and practice by ethical standards that ensure their financial planning recommendations are always in your best interest.

    Industry rankings, such as the Forbes Best-In-State Wealth Advisor list, can also be helpful. Impel Wealth Management is one of only four wealth advisors in the greater-Akron area to earn this prestigious recognition—which is based on both quantitative and qualitative measures.
    Additionally, look for how much experience your advisor has in wealth management. And ask if they could share recommendations from current clients.

    As the president of Impel Wealth Management, I have more than 30 years of financial planning experience and am both a certified financial planner and accredited investment fiduciary. I’m proud to combine both industry knowledge and constant monitoring of economic trends to put you on a trajectory to pursue your future goals.
  3. Advice that’s personal
    There should be nothing “standard” about financial advising. Your life circumstances and goals are unique. Your investment strategy should be, too.

    At Impel Wealth Management, our first job is getting to know you. Of course, this includes your financial objectives and portfolio. But it’s much more than that. It also includes learning about your family, your interests and what matters most to you. Because at the end of the day, money is just a means to help you achieve your life goals.

    Our business is driven by relationships, and I’m proud to call my clients my friends. We provide the insight you need to manage your finances and put you on a path to make your best financial decisions for retirement and beyond.

    Don’t settle for an advisor that isn’t customizing a plan to you. Instead, choose a true partner that’s committed to moving you forward.

 If you’re looking for a financial advisor, hopefully this list can help guide you. If you have any questions, connect with me on LinkedIn or give us a call at 330.800.0182.

 Recognition from rating services or publications is no guarantee of future investment success. Working with a highly rated advisor does not ensure that a client or prospective client will experience a higher level of performance of results. These ratings should not be construed as an endorsement of the advisor by any client nor are they representative of any one client's evaluations.