SigMT Winter 2018

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Facts On F inance Article provided by Sharon Nalivka Hancock • Stifel As we enter the New Year, creating a budget to manage your finances and starting to invest in your future may be one great New Year's resolutions. It's never too late – or too early – to start building a wealth management plan. While it can be tempting to invest on your own, heading into the market blindly may have a negative impact on your finances. Working with a financial advisor introduces you to products and services that you may not have known existed. Additionally, a financial advisor can help you objectively analyze what is most important to you and help determine your risk tolerance. You will want to work with someone whom you can trust. One way to find a trustworthy financial advisor is through referrals. is way, you may meet someone who already has the trust of people you know. e key to building a solid relationship with a financial advisor is to find someone who will hold your best interests as their top priority. is can also be accomplished through an interview process. It is smart to interview potential financial advisors to find someone with whom you are comfortable. is interview gives you the opportunity to find out more about the financial advisor's investment approach, process, and how they manage their book of business. During the interview process, you'll first want to inquire about their credentials to ensure they are security licensed in a broad array of investment products. You'll also want to learn how long they have been registered with FIN. If he or she is relatively new to the profession, ask about their previous career. Oen, you may find a newer financial advisor who had prior experience in a support or marketing position that gave them the experience needed to be in the investment industry. Also ask what they typically recommend to new clients. is will give you a insight as to whether he or she believes in comprehensive investment planning or simply pushing specific products for their own benefit. You should also ask about the support they receive from their firm. e access they have to research, technology, and analytical tools will aid in the service they provide to you. Some firms offer both commission-based and fee-based investing approaches, dependent on how much the client wants to invest. During the interview, ask how you'll be charged for the services you'll receive. How they communicate the value of their services may be the deciding factor to work with them for the long term. Choosing a financial advisor and building a long-term relationship can take some time. However, the effort you put into this process can help develop a comfortable and stable financial future for you and your family. Article provided by Sharon Nalivka Hancock, Branch Manager, Vice President/Investments with Stifel, Nicolaus & Company, Incorporated, member SIPC and New York Stock Exchange, who can be contacted in the Great Falls office at (406) 761-3500. 102 | SignatureMT Is Financial Guidance on Your New Year's Resolution List? MT S

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