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Why Working with Financial Planning Experts is Essential

A young couple speaking with their financial planner

Financial planning services are more accessible than they’ve ever been. And with today’s mercurial markets and uncertain financial dynamics, it’s never been more important to enlist the help of one.

Regardless of your net worth, the liquidity of your assets, or your evolving needs, a financial planner can help you take hold of your future and bring you confidence, regardless of the challenges that lie ahead.

How to Find the Right Financial Planner to Suit Your Needs

Working with a financial planner is a personal experience, and knowing how to identify the right professional can be intimidating. But it doesn’t have to be so. As you discuss your needs with an advisor, here are a few areas you’ll want to focus on:

  1. Your personal finance goals

  2. The experience and credentials of the financial planner

  3. Their commitment to a fiduciary standard

  4. Establishing a lasting relationship

  5. Long-term financial goals

Before you get started, however, you need to identify your personal finance goals and what you wish to accomplish with financial planning. Some questions you should be asking yourself are:

  1. How has the current financial climate impacted your household finances?

  2. Can you reach your retirement goals on time?

  3. Do you need to fund a child’s education?

A good, professional financial planner has a holistic focus on planning, however, others have specific specialties. Knowing exactly what you need to accomplish with your finances can help you narrow the field and find a planner that can turn your goals into results. It can also serve to better the relationship you have with your planner early on as your first conversations will zero in on these goals.

Financial Planner Experience and Credentials

Financial planners run the gamut in terms of the types of credentials they can hold. This is where things can start to be a little intimidating.

That said, it’s crucial to verify that the professional you’re thinking about has adequate and verifiable experience and is working with your best interest in mind. Certified financial planners go through rigorous training, and they’ve amassed a great deal of experience, with which they’re committed to putting your financial interests first, above all else, while adhering to a fiduciary standard.

A Fiduciary Standard

One of the key aspects of a financial planner is finding one that works to a high fiduciary standard. A fiduciary is an individual that works in the best interest of their client and adheres to a much higher standard than a non-fiduciary.

A certified financial planner, or CFP, is held accountable to the CFP Board’s Code of Ethics as well as Standards of Conduct. They’re required to act in a client’s best interest in order to protect and benefit the public. Not adhering to these standards puts them at risk for disciplinary action from the board.

As a fiduciary, TrinityPoint Wealth is able to ensure your overall financial well-being by putting your needs and interests first. This translates to unencumbered transparency in everything we do, from fees to our overall financial planning options. Our fee-only commission model stems from this principle. Our services are purely compensated by our clients, meaning we don’t sell financial products or collect commissions. Simply put, when it comes to choosing a financial planning expert, it’s crucial for you to team up with a fiduciary.

Your Long-Term Success

The most important aspect of working with a financial planner is vastly increasing your chances of long-term financial success. As Benjamin Franklin once said, “Failing to plan is planning to fail.” By working with a professional financial planner, you’re creating a holistic plan surrounding your goals and needs and helping turn those things into reality. And among every way you can measure financial success, the strongest indicator is how you do over a long-term roadmap, which is precisely what a good financial planner helps you do. Contact TrinityPoint Wealth today to meet our financial planning experts. 

This material prepared by TrinityPoint Wealth is for informational purposes only. It is not intended to serve as a substitute for personalized investment advice or as a recommendation or solicitation of any particular security, strategy, or investment product. Opinions expressed by TrinityPoint Wealth are based on economic or market conditions at the time this material was written. Economies and markets fluctuate. Actual economic or market events may turn out differently than anticipated. Facts presented have been obtained from sources believed to be reliable. TrinityPoint Wealth, however, cannot guarantee the accuracy or completeness of such information, and certain information may have been condensed or summarized from its original source. Materials herein were prepared by AGI Marketing. TrinityPoint Wealth and AGI Marketing are not affiliated.

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