Joel Johnson, CFP® answers questions about financial advisors on this weekend’s Better Money Boston segment on WCVB5.

There are many types of advisors who specialize in different things like investments, wealth management, retirement planning, and more. Pick an advisor that specializes in what you are looking for and can drop into the place you’re at in life. Having a financial advisor that listens to you, understands what is important to you, answers your questions, and that you trust is key.

When choosing a financial advisor, you will want someone that works in a fiduciary capacity. Fiduciary financial advisors are legally and ethically required to put your best interest before their own. Working with a fiduciary advisor ensures you are being given the best recommendations, and that they are not doing it for their own benefit.

Advisors are paid in a variety of methods. There are four main ways they are paid; fee only, commissions, fees based on the size of your account, and lastly, fees based on the percentage of the account and the percentage of profits.