{"id":165735,"date":"2025-06-07T19:25:11","date_gmt":"2025-06-07T19:25:11","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/165735\/"},"modified":"2025-06-07T19:25:11","modified_gmt":"2025-06-07T19:25:11","slug":"looking-for-a-financial-adviser-heres-how-to-choose-one","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/165735\/","title":{"rendered":"Looking for a financial adviser? Here’s how to choose one."},"content":{"rendered":"

WBEZ and the Chicago Sun-Times want to hear your questions about all things money. Then, every Monday, we\u2019ll set out to answer your personal finance-related question. <\/p>\n

This week, Levi from Edgewater asked: What qualities should I look for when I\u2019m trying to pick a personal financial adviser? <\/p>\n

We asked Shari Greco Reiches, co-founder of Skokie\u2019s Rappaport Reiches Capital Management, for her advice. The firm manages $1.2 billion in client assets, and Reiches is the author of \u201cMaximize your return on life: Invest your time and money in what you value most.\u201d<\/p>\n

<\/p>\n

\"Shari<\/p>\n

Shari Greco Reiches, co-founder of Rappaport Reiches Capital Management in Skokie.<\/p>\n

Meet face to face with a potential financial adviser<\/p>\n

While a virtual meeting can be convenient, Reiches said it\u2019s easier to get a feel for someone in person and to see whether you feel comfortable with that person. You want to be able to ask whoever you end up selectiing any questions you might have without any fear. \u201cFinally, you need to go with your gut,\u201d she said. \u201cThat\u2019s probably the most important thing.\u201d<\/p>\n

Know what you need <\/p>\n

The search will be easier if you nail down what you want an adviser to help you with \u2014 investments, financial planning or help managing both.<\/p>\n

Understand their approach to financial planning<\/p>\n

Reiches recommends asking potential advisers for examples such as any tools they use when helping clients. She said anything that\u2019s on your mind \u2014 insurance, coordinating with an estate planning attorney or taxes, Social Security \u2014 make sure they have the skills to help you with planning things that you will need. <\/p>\n

Ask how they are paid<\/p>\n

Financial advisers should be transparent about how they get paid. There are several fees worth looking at, according to Reiches. \u201cOne is the management fee. So that\u2019s an overall fee that they may charge.\u201d Another is underlying investment fees like trading fees, custody fees and whether financial planning is an extra fee.<\/p>\n

Interview a few advisers<\/p>\n

Speaking with multiple advisers can help figure out what you like or don\u2019t when it comes to a person\u2019s approach to financial planning. Ask for references because having someone help manage your finances is a big decision. \u201cObviously, they\u2019re going to give you happy clients, but you want to just talk to some of the references before you make a final decision,\u201d Reiches said.<\/p>\n

Why hire a financial adviser?<\/p>\n

An adviser can take the emotion out of investing and financial planning. \u201cA good financial adviser will be open,\u201d Reiches said. \u201cYou\u2019ll have a good rapport. You\u2019ll be able to exceed your financial goals if you work with an adviser that has all the things that I just mentioned.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"WBEZ and the Chicago Sun-Times want to hear your questions about all things money. Then, every Monday, we\u2019ll…\n","protected":false},"author":2,"featured_media":165736,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3093],"tags":[51,474,2499,16,15],"class_list":{"0":"post-165735","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-finance","10":"tag-personal-finance","11":"tag-uk","12":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114643725413223376","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/165735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=165735"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/165735\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/165736"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=165735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=165735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=165735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}