Selecting an Advisor
Knowledge is Power
When you're sitting across the desk from your financial planner, you need
- to know they're well qualified to be advising on what you should do with your money
- to be able to understand what they're talking about and why it's important to you
- to trust that they are going to recommend what's right for you; not necessarily what's right for them
- to be able to rely on them to respond when you run into some difficulty and need advice fast
Don't be afraid to ask us these or any other questions you feel need a full and open answer.
- What are your qualifications?
- What experience do you have?
- What services do you offer?
- What is your approach to financial planning?
- Will you be the only person working with me?
- How will I pay for your services?
- How much do you typically charge?
- Could anyone besides me benefit from your recommendations?
- Are you regulated by any organization?
- Can I have it in writing?
- Recommended Strategies
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- How will this strategy help me reach my retirement goals?
- What risks are associated with this strategy?
- What will it cost me now, and in the future?
- Recommended Investments
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- Why are you recommending this investment?
- How does this investment fit with my retirement plan?
- What will it cost me now, and in the future?
- What is the performance record of this investment?
- Who manages this investment? (applicable to products such as mutual funds)
- Are you receiving fees for the sale of this product?
- How much will be compensated?
- Will this investment alter my asset allocation?
- What risks are associated with this investment?
