Selecting the Best Financial Advisor In the current investment markets, each investor is required to make a reasonable and intelligent investment decision. To achieve this, investors are not only required to have a detailed financial plan together with access to both quality investment and financial products but also they must manage their emotional swings which brought about by exposing their money to volatility and risks. Putting these challenges in mind, looking for financial guidance from a qualified investment advisor who is trustworthy will enable you as an investor reap significant benefits from employing their services. Since we all agree that making a sound financial decision is not an easy task, hence one needs to seek the services of an investment advisor for them to make sound financial decision. This editorial will assist you in understanding the types of investment advisors in the market and the procedure of selecting the best one. Lessons Learned from Years with Tips There are indeed numerous professional financial advisors who work with investors. These financial consultants are classified based on their levels of academic credentials, their skills and their areas of specialization. Every financial consultant deals with investment portfolio differently. For instance, some financial consultants only give financial advice, but there are others who opt to mix both their regular portfolio management with other collection of services such as financial planning, tax, and estate management.The former group is known as investment managers or investment specialist while the latter is known as financial planners or investment generalists. On the other hand, your financial advisor should be willing to refer you to a specialist in area which is out of their field of study. Why Resources Aren't As Bad As You Think The three common types of financial advisors that you should be familiar with include: the Certified Financial Planner who is an expert in areas of retirement planning, insurance and estate planning, the Certified Public Accountant specialist in areas of income tax and the Chartered Financial Analyst who have an in depth knowledge of the investment industry. It is imperative to know your financial needs, investment goals that you expect to accomplish and what you plan on gaining from the services of a financial specialist before you decide on meeting with any potential financial consultant. The minute you settle on your investment goals, the next step will be to interview different financial advisors. In your interview with the prospective investment advisors, you should know if the financial advisor has no problem with meeting with you on a regular basis and that he or she can prioritize your investment goals. A sound financial advisor will listen actively to you and respond to your questions directly. He or she will respond to questions you had overlooked.