Heritage Adviser and Partner, John McCarthy, discusses what one should look for when hiring a financial planner or adviser with Thrive Global Magazine. An excerpt from the conversation is below but be sure to click here to read the full interview.
Thrive Global: As a “finance insider”, you know much more about the finance industry than most consumers. If your loved one wanted to hire a financial advisor, which 5 things would you advise them to find out about before committing?
John McCarthy: I cannot offer five things, for me the only way I would tell someone to find an advisor is through the people in your life that you trust and admire. They will have advisors they work with and have an understanding of what kind of advisor they work with and the experience they are having, this is the best method by far. It means you start with someone that has proven themselves and creates less of a blind dynamic when selecting someone. You want to, of course, interview them and make sure they are a good fit but a referral into an advisor is the ONLY method I would suggest to someone. You are trusting that person with the most personal things in your life so who you pick is so important.