Avoid Mishaps of Hiring a Financial Planner

If you’re considering filing for Chapter 7 or Chapter 13 bankruptcy, you may also be thinking about hiring a financial planner to help you stay on track. If that’s the case, these tips may help you in your decision-making process:

• Anyone can say, “I’m a financial planner.” Make sure the planner you hire has certain credentials, such as Personal Financial Specialist or Certified Financial Planner. You should also contact Texas agencies to see if the planner has a clean record.
• Planning goes beyond investing. Some planners give only investment advice or just focus on insurance and taxes. Keep looking until you find the right planner for your needs. In fact, you should interview at least 3 before you hire one.
• Get references. Ask for references and find out if they were satisfied, especially in a financial crisis.
• Understand how the financial planner gets paid. Is the setup fee-based, fee only or commission-based? Keep in mind that commission-based planners get paid when they sell you products.
• Know yourself. Before hiring a planner, identify your financial goals, assets, liabilities and risk tolerance.

For more advice on getting your finances back in order, it’s highly advised to meet with a bankruptcy attorney.

Contacting a Dallas Bankruptcy Lawyer

At Warren & Migliaccio, our goal is to protect you and your family so that you can take the necessary steps to plan proactively for your future. When financial circumstances outside of your control threaten your wellbeing, take control of your situation and contact our Dallas law firm. We’ll guide you through the legal process so you can make informed decisions and choose the best course of action. If a personalized, teamwork-driven approach sounds like what you need for your case, call 1-888-584-9614 today. We’re here to help.