Tips for Finding NAPFA Financial Advisors in Minneapolis, MN

by | May 25, 2022 | Financial Services

Financial advisors can be helpful when you are trying to create your financial plan and achieve your long-term objectives in your financial life. To ensure the assistance you receive complies with fiduciary standards, find an advisor registered with the National Association of Personal Financial Advisors (NAPFA). There are many benefits when choosing NAPFA financial advisors in Minneapolis MN.

Talk to Multiple Advisors

When you are looking for NAPFA financial advisors in Minneapolis, MN, it may be tempting to use the services of the first advisor that you meet. However, consider interviewing multiple advisors to ensure that you find one that suits your needs. On the NAPFA website, you can search for advisors and find their specialty practice areas.

Make Sure Your Advisor’s Specialty Matches Yours

Investors see financial advisors for different reasons. Some investors may need help with retirement plans. Others may want to increase tax efficiency. And others may need help with estate planning. Make sure your financial advisor has experience in the area you would like to address. In addition to the advisor’s specialty areas, you will also be able to see their credentials on the NAPFA website. The advisor’s credentials also indicate their specialty areas.

Check Their NAPFA Registered Membership

Not all financial advisors have the same credentials. Finding a NAPFA registered advisor will ensure that your advisor has a bachelor’s degree, has signed a NAPFA fiduciary oath, and has earned the Certified Financial Planner certification. To remain NAPFA registered, an advisor must also stay current on their education by taking 60 continuing education credits every two years.

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