So many people in America don't know how to plan for their future. Unfortunately, it is risky to take advantage of financial advisors who want to earn fast commissions.
These are people who talk to you and you will never see them again unless you need some help from them. There are various counselors out there ready to help you with financial advice such as Edward Jones.
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Here are some ways to arm yourself so you don't take advantage of it:-
1. Does the assistant begin explaining everything to you? Even if you have no questions, they should take the time to train you in this process so that you don't experience any surprises. that is, all the fees you pay for their services.
2. Does the advisor ask how often you want to be contacted? Everyone is different on this. Some like it once a year and others once in a quarter. That's fine, but they need to call you as often as you'd like. But be careful. They can't call you every day or every week. Remember, they have to serve other customers.
3. Ask your friends who they work with. If they love their advisor, they'll tell you really good things about them. If you can't think of a good thing, watch out!