4 red flags to look out for when choosing a financial advisor—and one green flag

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4 red flags to look out for when choosing a financial advisor—and one green flag
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If you’re stressed out about finances, it never hurts to get advice from a qualified professional.

But with so many financial advisors and planners to choose from, it can be difficult to figure out how to pick the best one to help you manage your money.If you're unsure where to begin, understanding a few common red flags to steer clear of can help you narrow down your choices.

This begins from day one. Listening well and asking thoughtful open-ended questions are two ways you can discern if the professional you're speaking with is prioritizing you and your needs. It is a financial advisor's responsibility to provide clarity on how much you will be paying and be transparent about when they are receiving a commission on a product they sell you.

In addition, you will also want to make sure that your financial advisor is certified in the way they claim. Different acronyms that appear after a professional's name require. Certified financial planners and chartered financial analysts are generally considered industry gold standards, but you will want to confirm their registration with the regulating authorities who govern these accreditations.One red flag can't be found on a list or spreadsheet: lack of trust.

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