How do I actually find a good financial advisor?
Working with an advisor
Start by deciding what you need (planning, investments, both). Then filter by fee structure (fee-only, fiduciary). Then verify credentials. Then interview at least 3 candidates with the same questions. The right fit is part technical, part personal.
The 4-step filter
1) Use NAPFA, XY Planning Network, or Garrett Network for fee-only fiduciaries. 2) Verify CFP® at cfp.net. 3) Check brokercheck.finra.org for any disciplinary history. 4) Confirm fiduciary status in writing, at all times, not 'when acting in a planning capacity.'
The 10 questions to ask every candidate
How are you compensated? Are you a fiduciary 100% of the time, in writing? What's your investment philosophy? Who is your typical client? What does ongoing service include? What technology will I have access to? How often will we meet? What happens if you leave the firm? Can I see a sample financial plan? What would you charge me, all in?
Red flags
Vague answers on compensation. 'Free' financial plans (someone is paying, somehow). Pressure to invest in proprietary products. No written fee schedule. Reluctance to share Form ADV Part 2.
What people often get wrong
- Hiring the first advisor recommended without comparing
- Confusing 'sells securities' with 'gives advice'
- Not asking for written confirmation of fiduciary status
What to think about next
- Pull 3 candidate firms from NAPFA or XYPN.
- Run them through the same 10-question interview.
- Request and read each firm's Form ADV Part 2 before deciding.
When to consider working with a CFP®
Working with a CFP® can help when these decisions feel intertwined, taxes, investments, cash flow, and life goals tend to move together, and a planning relationship can offer structure, prioritization, and accountability over time.
Frequently Asked Questions
What's the difference between LGBTQ+-friendly and LGBTQ+-affirming?
Friendly often means 'no discrimination.' Affirming means actively understanding LGBTQ+-specific issues like Social Security spousal benefits, estate planning for non-traditional families, surrogacy and adoption costs, and gender-affirming care.
Talk to a CFP® who works with high earners.
Connect with a CFP® to help you navigate this decision and build a comprehensive financial strategy.
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