You’ve determined you need financial assistance, but you’re not sure where to begin. How should one go about finding a financial advisor? You could ask your friends who their advisors are, but the best counsel for your buddy may not be the ideal advisor for you and your specific position and needs. Consider using WiserAdvisor (wiseradvisor.com) instead.
Unlike other financial service organizations, WiserAdvisor’s network includes thousands of advisors from hundreds of different companies. As a result, there is no conflict of interest. Furthermore, the service is completely free with no strings attached.
The goal of WiserAdvisor is to help people find the right financial advisor for them. Before letting advisors into its network, the company makes sure they go through a strict screening process. This makes sure that people are matched with advisors who are skilled, professional, and committed to high standards.
WiserAdviser is a lot more than just a list of financial advisors you can search through. It also has online financial tools that can help you learn more about your own finances before you talk to a potential advisor.
Below, I’ll go over WiserAdvisor’s service offers, as well as their benefits and drawbacks.
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WiserAdvisor Quick Facts
- Began operations: 1998
- Cost: Free
- Core purpose: Ensure a high-quality fit for both consumers and financial advisors.
WiserAdvisor Services
WiserAdvisor is a platform that matches clients to financial advisors. These advisors can help you with:
- Portfolio management
- Retirement planning
- Educational planning
- Estate planning
- Insurance
- Taxes
- Business finances
Beyond that, WiserAdvisor also provides financial articles and blogs, a directory of qualified financial advisors, and a variety of financial calculators to help you make sound retirement, college savings, and personal savings decisions.
How WiseAdvisor Works
The independent and unbiased platform connects you to pre-screened advisors simply and accurately. So you’ll be rest assured to find the best advisor for your unique financial needs. Here’s how it works:
- You fill out the questionnaire.
- WiserAdvisor takes into consideration your answers and finds vetted advisors with complementing profile information and client preferences.
- You compare matched advisors and initiate contact with the ones you like.
This matching service is completely secure and private. Your information will only be shared with matched advisors.
The nationwide financial advisor directory on WiserAdvisor is a database of good money managers. Advisors range from those in big Fortune 500 firms to smaller ones. Before being added to the database, each advisor goes through a careful screening process.
Consumers can be sure that all advisors work on a fee-only or fee-based basis and have not had any problems with FINRA or the SEC in the past 5 years. All professionals that WiserAdvisor recommends have worked with clients for at least five years.
To use the free matching service, all you have to do is enter your zip code and answer a few simple questions. After you answer the questions, you’ll get a text message and an email to confirm that you want to be put in touch with advisors.
After that, WiserAdvisor will hand-pick three possible advisors for you based on how you answered the questions. After that, you’ll get a free consultation to help you choose the best advisor for your needs and personality.
If you don’t like the first three advisors that WiserAdvisor suggested for you, they’ll give you three more options.
Who Is WiserAdvisor Best For?
WiserAdvisor is best for busy professionals who want to invest their hard-earned money but don’t have time to look into every financial advisor out there. Setting the initial criteria of 5 years of experience and a clean FINRA/SEC record in the WiserAdvisor database helps take care of this job for you.
People who want to find the most qualified advisors in their area without having to make a lot of phone calls should consider the platform.
WiserAdvisor Fees
There is no cost or obligation to connect with a financial advisor using WiserAdvisor.
The consumer database on WiserAdvisor is free for people to use. If they pass the pre-screening process, financial advisors pay a fee to be in WiserAdvisor’s database.
Users don’t have to hire any of the financial advisors with whom they are matched. WiserAdvisor only pairs people with financial advisors based on what they need. Plus, they offer a free initial consultation to make sure you choose the right advisor.
Bottom Line
If you need some professional help reaching your financial goals, hiring a financial advisor is a must. WiserAdvisor makes it easy. All you have to do is answer a few questions, and the company will match you with pre-screened advisors that align with your profile. To top it off, the free service won’t cost you a penny.
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