Financial Advisor Description
Should I beware of
Yes. There are many who call themselves “trust specialists,” “certified planners” or other titles that suggest the person has received advanced training in estate planning.
California is experiencing an explosion of promotions by unqualified individuals and entities which only have one real goal—to gain access to your finances in order to sell insurance-based products such as annuities and other commission-based products. To better protect yourself:
- Consult with a lawyer or other financial advisor who is knowledgeable in estate planning, and who is not trying to sell a product that may be unnecessary—before considering a living trust or any other estate or financial planning document or service.
- Ask for time to consider and reflect on your decision. Do not allow yourself to be pressured into purchasing an estate or financial planning product.
- Know your cancellation rights. California law requires that sellers who come to your home to sell goods and services (not including insurance and annuities) that cost more than $25 must give you two copies of a notice of cancellation form to cancel your agreement. You, the buyer, may cancel this transaction up until midnight three business days later. You have 30 days to cancel insurance and annuity transactions.
- Be wary of organizations or offices that are staffed by non-lawyer personnel and that promote one-size-fits-allliving trustsor living trust kits. An estate plan created by someone who is not a qualified lawyer can have enormous and costly consequences for your estate. Do not allow yourself to be pressured into a quick purchase.
- Be wary of home solicitors who insist on obtaining confidential and detailed information about your assets and finances.
- Find out if any complaints have been filed against the company by calling local and state consumer protection offices or the Better Business Bureau.
- Insist on the person’s identification and a description of his or her qualifications, education, training and expertise in estate planning. Also, keep in mind that legal document assistants are not permitted to give legal advice. And paralegals must work under the direct supervision of a lawyer. (As a precaution, ask to speak directly to the supervising attorney if you are not given an opportunity to do so.)
- Always ask for a copy of any document you sign at the time it is signed.
- Report high-pressure tactics, fraud or misrepresentations to the police or district attorney immediately.
About the Author
Shatford Law has proven themselves capable of working with the largest and most complex cases for clients of all sizes, and maintaining day-to-day consultation on more routine matters. Attorney’s at Shatford Law are exceedingly active and help clients with estate planning and business transactions in the Southern California area and play an important role in helping families preserve their wealth through the strategic planning.. Please see more details here www.shatfordlaw.com
Personal Financial Advisor? What major? How many years of school? ANY info/opinions?
I’m looking into this career, but i’m not really sure of the job description, so if anyone IS a financial advisor or knows a financial advisor, feel free to give me any info/ opinions about the job. Thanks in advance!!
If you want to work on commission (typically) until you get a client base big enough to make it so you’re not prospecting and working 70 hours a week just to pay the rent – good luck.
Personal Financial Advisor Career Information : Personal Financial Advisor Career Information
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Financial Advisor Description Once you”ve confirmed that the adviser has a good track record, it”s time to delve deeper into his or her personality. Financial Advisor Description A good adviser will consider all aspects of your financial situation and design a customized plan to help you achieve your goals.