You can save money and time by using investment planning services to choose a reliable advisor. Working with an advisor is a terrific option for anyone wanting to get their finances in order and establish long-term goals, regardless of wealth. Follow these 5 steps to select the best counsel for your needs.

Important Considerations Before Engaging an Investment Planner

1. Determine Which Financial Area Needs an Advisor.

You should prioritise the areas of your financial life where you could use assistance before contacting an investment planning agency. You should be prepared to discuss your requirements for financial management with a potential advisor.

Remember that advisors can help with more than simply money management. One who can assist you in plotting a course that meets all of your financial requirements is the ideal financial planner. This includes retirement planning, debt payback, business owners life insurance, and estate preparation.

2. The Advisor’s Target Audience

If most of the adviser’s clients are wealthy individuals or corporations, you may not receive individualised recommendations. Some financial planners focus on high-net-worth clients exclusively, while others are happy to work with everyone. Anyone can choose a planner who fits his specific demands and preferences.

3. Analysis of Past Performance

In normal circumstances, you should examine your portfolio and strategy annually, but you should do so more frequently before major life events like birth, marriage, divorce, career change, and retirement. The frequency and mode of communication are also crucial. Minor difficulties can be discussed over the phone or in the mail, while more substantial ones should be handled in person.

4. Investment Theory and Methods for Estimating Profits

Your needs, risk tolerance, limits, and investment objectives should inform the development of a process-driven and professionally managed investment strategy. The portfolio as a whole should generate returns that assist you in meeting your financial goals, and your investment adviser should be able to make that happen. This investing ethos should be determined before, and you should be informed of any modifications to the investment processes.

Equally crucial is understanding and verifying that the advisor’s return calculation methodology is consistent over the investment horizon. Inflation, taxes, and advisory fees are factored into the adviser’s projected returns. If you don’t, the skewed returns will mislead you and prevent you from reaching your financial objectives.

5. Do some research on your planner’s history.

If your adviser has ever been accused of wrongdoing or, more significantly, engaged in illegal activities related to the financial markets, you should know about it. Check his credentials extensively, as this is a crucial step. You should look elsewhere for advice if he has a criminal record or outstanding legal matters.


Finding a financial planner is more challenging than accepting the one your fund provider or insurance broker assigned to you. Finding someone who will represent your best interests takes time and effort. However, in the long run, you’ll likely benefit from better guidance, saving cash, and increasing your income while reaching your financial objectives. That justifies the extra effort to find reliable counsel for the long haul. JBF Financial provides comprehensive investment planning services that can be adapted to your situation.