Hiring certified financial planner in Albuquerque, NM can be a risky business if you don't know what to look for. There are a wide variety of financial planners and investment advisors that offer a wealth of different services and products. They came from many different backgrounds; some are qualified, some are not. The truth is anyone can call themselves a financial planner, the term is not government regulated. The ones that do hold qualifications come from a variety of academic and professional backgrounds and generally specialize only in the area in which they are qualified. You really need to do your homework before hiring a certified financial planner in Albuquerque, NM.

Investment Advisor or Financial Planner in Albuquerque, NM?

Individuals or firms that concentrate on advising people about investing in stocks and bonds or securities are investment advisors. They may not be able to help you with estate planning or tax advice, though some might. The field of financial planning is a complex one, as most financial planners are investment advisors, but not every investment advisor is a financial planner. You should look for any the following qualifications when searching a financial planner in Albuquerque, NM:

• AEP (Accredited Estate Planner)
• CPA (Certified Public Accountant)
• PFS (personal Finance Specialist)
• ChFC (Chartered Financial Consultant

In Albuquerque, NM a financial planner may be limited as to what products and services they can offer you. Some of the products they could be qualified to advise you to invest in are not even securities. Before signing any agreement with a financial planner or investment advisor you should fully investigate their qualifications. This includes asking them what they are, seeing documented proof, and finding out what those qualifications mean. To fully protect yourself and your money, contact the organization that certified them and inquire as to whether they are still in good standing.

Understand How Your Albuquerque, NM Financial Planner Will be Paid

It is very important that you understand from the beginning how the planner or advisor
you are working with will be paid. Some charge an hourly rate, some a flat fee, others commissions from your investments, and some a combination of all three. Being clear up front will save you from any surprise charges and reduce the chance of any confusion in the future. Each method of payment has its own pros and cons, but you should choose one that you are comfortable with. Shop around a bit and don't be afraid to ask questions. That way you will be sure you hire the best certified financial planner in Albuquerque, NM to fulfill your needs.