Chicago, ILL. (Vocus) September 11, 2009
The latest study of financial advisor opinions conducted by the research group Phoenix Marketing International found mixed results in the US economic outlook. With the mixed results, FinancialAdvisor.net offers suggestions on how individuals can determine their best moves in regards to financial planning with their personal financial planner.
The study found that nearly one-in-four financial planner professionals expected the economic crisis to continue for five years. As where about one-in-five believe the crisis will be resolved this year. One-third strongly agrees that Americans’ quality of life will be adversely affected long-term. The current financial advice includes less-risky investments or those not recommended in the past.
As a result of the financial crisis, the businesses that are seen as the most trusted firms are local banks and well-known insurance and mutual funds companies. Financial planning experts would recommend researching a company’s reputation before meeting with a financial advisor in the firm. They should be perceived as conducting business with the highest ethical standards, are a company that clients trust and have an excellent industry reputation.
After researching a company, FinancialAdvisor.net recommends discussing with an individual planner about short-term and long-term goal. These could include paying off debt, buying a home, life insurance, annuities and retirement planning. An investor should feel comfortable with their financial advisor and feel like they have the same goals in mind.
FinancialAdvisor.net is an online resource for United States residents to connect with a nationwide network of financial planning experts. To learn more, visit the website.