How to find the best financial planner

(I hear that you are cynical :slight_smile: )

A prerequisite for placing any requirements on someone who is giving financial advice is that they are licensed. That serves to identify the advisor (sort of) and provides a basis for establishing legal obligations on an adviser and enforcement of those obligations. Otherwise you can go to a cryptocurrency forum and take the advice of some random participant and you don’t know who they are and if the advice proves to be bad advice, there is no means of enforcing good things like: qualified, independent, advising in your best interests - because a random forum participant has no obligation to be any of those things, and someone who didn’t have an AFSL in the first place can’t be stripped of it.

1 Like