Choosing a financial advisor is more than just managing investments, it’s about finding a trusted partner who will play a meaningful role in your financial life. This set of questions is designed to help you clearly understand who your advisor is, how they operate, and what you can expect from the relationship.
- Briefly explain your role within client’s lives
- Are you a Fiduciary?
- What are your credentials?
- Professional designations
- Licensing, registration
- Regulatory governance
- What type of clients do you work with?
- How many clients?
- Average AUM per household?
- What services do you offer?
- Investment and Cash Management
- Estate and Trust Consulting
- Retirement and Tax Planning
- Business Succession Planning
- Philanthropic Advising
- Banking and Lending Solutions
- How are you compensated?
- Fees?
- Commissions?
- How will we work together?
- Who will I work with?
- How often do we communicate?
- How is performance reported?
- How do you approach investing?
- What types of investments do you use in your portfolios?
- What are the costs of the investments that you use?
- What is your philosophy?
- Who makes the investment decisions?
- Where will my assets be held?
- What checks and balances are in place to ensure my assets are safeguarded from fraudulent activity?