5 Things to Consider if You Want to Hire an Investment Advisor

For those wanting to hire an investment advisorthere are a few things you should consider. 

1. Is it necessary to have an investment advisor? Ifyou have under $100,000 for investing you should probably consider saving morefor retirement. 
2. Evaluate the complexity of your investments.
3. Set goals for your investments.
4. Keep in mind that paying a lot for an investmentadvisor does not mean you are guaranteed great results. Be careful you may endup paying too much if you don’t know what price point to expect. 
5. Ask yourself if you want to call the shots andchoose an advisor that will communicate with you as regularly as youlike. 

See Mitch Tuchman, How To Hire An Investment Advisor, Forbes, Aug. 30, 2013.