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3 Things to Look for in a Financial Planner
January 19, 2023 at 4:00 PM
man reading book on financial planning

When managing your finances, having a dependable financial planner can be the difference between achieving your goals and falling short. Good financial planning is essential for everyone, whether you're looking to invest toward retirement, create an emergency fund, or purchase that dream property or business venture.

Knowing what to look for in a financial planner can help ensure that you make sound investment choices without hurting your bottom line. With that in mind, let's go over the top three considerations to ensure you find the right financial planner in Kansas City.

1. Professional Credentials

When researching potential financial planners, it’s critical that you start with their professional credentials. These credentials may come in the form of multiple certifications or specialized experience signaling expertise in one or more areas: tax planning, estate planning, and employee benefits, to name a few.

This specialized knowledge has been proven and verified through arduous scrutiny, assuring consumers seeking trusted counsel and advice. Taking the time to confirm your financial planner's qualifications ensures your peace of mind knowing you've chosen an expert adequately suited to handle your financial objectives.

2. Fee Structure

Financial planners can take on many forms of compensation, such as a flat fee or one based on assets under management. Before signing any contract with a financial planner, you must understand the various types of financial planner fees and how they may affect your finances.

For example, financial advisors who charge a percentage of assets under management may be incentivized to recommend higher asset allocations, which may or may not align with your financial goals. So, you must understand the fee structure.

Consider asking them how they can determine the services they are charged for. You can also ask them about the fees associated with their financial plan.

3. Planning Approach

What sort of financial planning approach will the financial planner take? If you’re just starting out, it’s important to find one who takes a comprehensive approach, considering all aspects of your economic life and helping you develop strategies to reach your specific financial goals.

Ask questions regarding the financial planning services they provide or the types of financial strategies they typically employ to identify the kind of financial planner they are and whether they can meet your needs. A good financial planner can answer these questions in detail and provide an example financial plan for you to review.

Financial planners should also have a transparent process for implementing financial planning services, including regular contact and updates on financial progress. Furthermore, they should focus on investments and consider cash flow management, tax planning, and estate planning services. All financial strategies can be employed to help you reach your financial goals more efficiently and securely.

Need a financial planner in Kansas City?

OWLFI financial planners in Kansas City efficiently address all three above-mentioned points. We have the professional credentials, a transparent fee structure, and a comprehensive financial planning approach to help you make smart financial decisions.

Our team specializes in everything from retirement structuring and life insurance to professional wealth management and estate planning. More than that, our commitment to you is generational. We always give our clients the personal attention they deserve.

Get in touch for strategic and comprehensive financial services!

The financial goals you set today will impact your future, so make sure you find the right financial planner. At OWLFI, your goals are ours! Let's construct a roadmap to get you closer to your financial objectives.

Call us today at 913-441-8380 or email for a quick consultation on financial planning services that make sense for you.