Pick well your financial advisor.A smart lottery winner will go looking for a good financial advisor first. Financial advisors or planners come in all types of varieties. If you know the right thing you want, you can easily find a good financial advisor with a little to no research. The following factors must be given consideration when selecting a good financial advisor:
Financial advisors have many ranks which they do disclose if you ask. The level of the financial advisor will give a clearer image of whether the financial advisor has an important position within the agency or not. Choosing the right person will also help you remain calm at all times knowing that you have someone fully capable of handling your finances.
It is a must to check that the financial advisor that you’re considering has a professional license of the financial advisor. You must check and ensure its licensed with agencies like the Financial Planning Association.
This might be as important as the rest, ask the advisor that you’re considering to provide a list with his previous list of customers. You can then call a few of them to understand whether he handled their cases properly or not. A background or reference check will only help you in understanding the abilities of the planner.