New year a good time to seek advice of a wealth adviser



By Steve Cook

As the new year begins and resolutions are being checked, remade and newly made, it’s also a good time to add some financial planning to the mix. Financial planning resolutions aren’t hard to imagine: save for retirement, create an estate plan or will, update your investments. Once the list begins, it might seem difficult to stop. It’s in situations like this that a wealth adviser seems particularly appealing.

The number of wealth advisers in the country has exploded in recent years. According to the Bureau of Labor Statistics, the profession is growing at 27 percent a year, much higher than the average growth of most professions. And that’s not all. Personal-finance technology has gained in prominence, promising similar services and more convenience. Faced with so many options, finding a wealth manager can seem as daunting as tackling all the financial to-dos without one.

Anyone looking for a wealth adviser should consider their fee structure, review their accreditation and qualification, take note of references from existing clients and understand their area of expertise. However, there are also other, less obvious but more long-term factors to think about as well.

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