Questions to ask before hiring a financial advisor:

Asking targeted questions during a consultation can help you identify a financial advisor who has your best interests in mind.

  • What services do you offer?
  • How will you consider investments such as real estate or rental properties?
  • What are your credentials? What was required to obtain each credential? How do you keep your credentials current?
  • Are you a fiduciary?
  • How are you compensated? Are you fee based or commission based?
  • What is your investment philosophy?
  • What asset allocation do you use?
  • Are you tax-sensitive?
  • Where will my accounts be held?
  • How do you ensure that you are compliant to federal law?
  • Tell me about your staff members?
  • How often will I be meeting with you?
  • Is video conferencing an option?
  • How will you communicate with me?
  • What percentage of your accounts are high-net-worth investors?
  • How will you keep me from being my own worst enemy?
  • Can I have a sample of a performance report that you would give to a client?