The right advisor depends on what you need. Here's a simple way to find one you'll trust for years.
1. Decide what you need help with
Retirement income, investments, taxes, a 401(k) rollover, or a life change like an inheritance? Some advisors focus on one area, others offer full planning. Knowing your priority narrows the field quickly.
2. Look for real credentials
Common credentials include the CFP® (Certified Financial Planner), CFA (Chartered Financial Analyst), and CPA/PFS (a CPA with a personal financial planning specialty). Each requires exams, experience, and continuing education.
3. Check registration and history
Investment advisers working in Arizona register either with the SEC or with the Arizona Corporation Commission's Securities Division, generally depending on how much money they manage. Look them up on adviserinfo.sec.gov and brokercheck.finra.org to confirm registration and see any disciplinary history.
4. Understand how they're paid
Ask whether they're fee-only, fee-based, or paid by commission, and what you'll pay in total each year. Our guide to advisor fees explains the options.
5. Think local
Arizona has its own rules: a flat 2.5% state income tax, no state tax on Social Security, no estate tax, and community property law for married couples. A local advisor plans around them, and can meet you in person.
6. Meet before you commit
A first meeting should be free and without pressure. Use it to ask about their typical clients, how often you'll meet, and who else on their team you'll work with.