Pam Krueger, founder and CEO of Wealthramp, offers vital insights on finding the perfect financial advisor tailored to personal needs, cutting through the complex world of acronyms like CFP and fiduciary. She emphasizes holistic advice encompassing investments, family, and estate decisions, urging clients to ensure advisors genuinely act in their best interest. For more details, visit HerMoney.
During her chat on the HerMoney podcast, Pam discussed red flags to watch in advisors, such as past complaints visible on records accessed via brokercheck.finra.org. She advises people, particularly self-professed do-it-yourselfers, to consider advisors during major life events like divorce or inheritance to provide peace of mind in complex financial situations.
Key Takeaways:
- Hire advisors for holistic money management, not just quick investment tips.
- Check advisor background on brokercheck.finra.org for past complaints.
- Seek professional advice during significant life changes for financial clarity.
Are you considering hiring a financial advisor in Lagos or Abuja? Share your thoughts and questions on the topic below, and let’s discuss how local issues could affect your financial planning.
