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Friday, March 4, 2016

Make sure the advisor you select is the right fit

Many people ask themselves: Do I really need a financial advisor to help with my financial matters?
While some folks feel they can go it alone with managing their own money, I would ask this question: Would you hire someone to repair your car? Or do electrical or plumbing repair work in your home? Doing it yourself is a great idea for some, but it could be a major problem for countless others.

Let's face it: As our lives get busier and we have less time for everything — and as we hopefully become more wealthy — our financial needs and options get more complicated. It may be time for some financial assistance.
So what steps should you take to find the right financial advisor who will address your needs? We reached out to financial advisors Lazetta Rainey Braxton and Shannon Eusey for their input.
"I get asked almost daily about what you should look for when hiring a financial advisor," said Eusey, founder of Beacon Pointe Advisors. "So we've come up with an acronym, which we call OPEN, which means looking for objective advice, prudent investment process, experience and need."

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