A concerned reader considering retiring asks Alessandra Malito of MarketWatch for advice in managing a $2 million portfolio.
Responding, Malito offers the reassurance that seeking a financial adviser can be beneficial even if daunting, suggesting staying in control and selecting a fiduciary effectively.
She also advises using tools like the Financial Planning Association’s PlannerSearch and the Investment Adviser Public Disclosure search tool to aid in the selection process.
Emphasising communication and trust with an adviser, she also acknowledges the importance of the reader being the final decision-maker.
My Take…
The article is worth a read, especially if you are on the hunt for a financial advisor.
Hiring the right advisor is obviously essential if you have a large portfolio or you’re just not into spending countless hours learning on how to invest, protect etc.
Fortunately with have articles like this and the internet full of forums, sites, reviews and recommendations. Whilst this may be a little overwhelming at first, take your time and eventually you will find the right financial advisor for YOU.
For more details click on the link:
https://www.morningstar.com/news/marketwatch/20231107241/i-wake-up-with-anxiety-my-husband-leaves-retirement-investing-plans-to-me-how-do-i-hire-the-right-adviser
