Before hiring financial advisor, one should discuss the financial situation with those who depend upon it. Clear understanding of your status will help you to determine goals and consequently accept better decision. If you are looking for the professional investment advisor, it can be an individual or the service, providing help of this kind. The most verified way is to ask for referrals from people you know. This is the most reliable source of information and since your financial well-being depends upon it, try to resort to it, though it is not always possible. Therefore regarding the educational qualification of the advisor is recommended as well as certifications in this field. Extensive training is always a priority when you choose the one who will decide upon your future. Being in the business for more than five years will speak in favor of the expert. At least 3 references from other clients or at least from colleagues given to the investment adviser will help you to make a choice. If you sign a contract with the person, then it is better to secure yourself in case you are not satisfied with the service. It will be like a 30-days trial. If you can stipulate it in the clause of the agreement, this will be fine for you. If you make a mistake there should be possibility to correct everything. The question of payment is also important and there are different ways financial advisors accept fees. Some advisors have fixed fee, others work for commission, which is based on the client’s returns. This may happen to be the wisest way because of the personal interest of investment advisor in the success. Responsibilities of financial advisor include evaluation of the market conditions and analysis of data in order to advise the clients on the best possible solution under the circumstances mentioned above. The expert should instruct you upon all sides and possible pitfalls of the matter. The specialist should be aware of the tax laws, insurance opportunities and investment alternatives. The desire of the client should not be ignored. In case if client does not want to pursue risky investment options, it should be taken into consideration by the advisor. The amount of risk, certainly, increases the amount of reward, but the clients’ money is on stake therefore the financial advisor is not entitled to insist on such solutions or advise such variants persistently without letting the client be aware of all potential losses.