Even if you are a seasoned veteran or a novice, you may be feeling a little overwhelmed by the volume of investment options available today. Maybe you are merely bewildered by the market volatility we have endured over the past year. This may be an opportune time to seek professional advice.

When searching for a financial planner there are several things to consider. A full-service financial planner will clarify your current financial situation and help identify strategies that will meet your financial goals. Your planner will provide a written plan with recommendations and alternative solutions to meet your objectives. Often your planner will be able to implement the recommended strategies. When investments are recommended your planner will explain the potential risks as well as the possible rewards of making such an investment.

View your first meeting as a get to know each other opportunity. Prepare for your first meeting by making a schedule of your assets and liabilities, as well as an itemized list of income and expenses. A copy of last year's tax return and assessment will help. Bring your will and life insurance policies to the meeting. Have a written list of your financial goals.

Once your planner reviews this information, you can expect an excellent written financial plan. You should review the plan document to ensure you understand all the concepts that are presented. Once the plan is implemented, your planner will provide an annual review to ensure that your plan is kept up to date.

In addition to the information you will bring to the initial meeting you should have a few questions to ask your prospective planner. Ask if the planner concentrates on a particular type of client, to see if you are compatible. If investments will be recommended, ask how the planner will select your investments. Ask how you will be kept informed. You will want to know how the planner is compensated. Ask how much the plan will cost, if there is a fee for preparing your plan.

If you do not know how to find a financial planner, ask friends and family for a referral. You may have to meet with a few planners before you make your decision. Consider the credentials and experience of the financial planner and take advantage of an initial consultation. This is the best way to determine if you and the planner are a good match. Is Professional Advice For You?

This is a monthly article on financial planning. Call or write to Rick Sutherland CLU, CFP, FDS, R.F.P., of Fundex Investments with your topics of interest at 798-2421 or E-mail at rick@invested-interest.ca.