Questions for Your Next Financial Advisor

You should be in good hands when it comes to making decisions about your money. Here are some questions to ask your next financial advisor.

Finding the right financial advisor can be difficult. It is important to ask questions to get a better sense of who is helping you manage your money, your business, and essentially your livelihood. Not only should you be comfortable with this individual, but make sure that they are qualified and have your best interest at heart. Here are some initial questions that you may want to present to your future financial advisor.

What Are Your Qualifications?

Choose carefully. References are ideal when they are from trusted sources, but that’s not all. You will want your advisor to be well-versed in the current financial climate, experienced in customer relations, and thoughtful, yet swift in problem-solving.

What Costs Are Involved With Your Services?

If your potential candidate can’t give you a straight answer, that is an issue for concern. There is no reason that the pricing for financial services cannot be discussed. Even if it’s only a current quote, it should be put in writing with or without expiration.

Do You Work On Commission?

If they get paid on commission, then you aren’t guaranteed an advisor who is looking out for you and your best interests.

How Are Your Client-Service Relations?

This is very important to how you will communicate, relate, and understand each other. You want someone who can communicate effectively, transparently, and realistically with you, so that you, the client, can make sound financial decisions. If you have a preferred method of communicating, this is a great time to discuss.

Who Is Your Investment Custodian?

A custodian is a financial institution that protects the clients’ securities to minimize the risk of theft or loss. For your financial safety, you have a right to know who this is.

Are You A Fiduciary Financial Advisor Group?

If the answer is yes, then you should be rest assured that they are a secure choice.  The Securities and Commission Exchange regulates the registered investment advisors and hold them to certain ethics.

What Is Your Philosophy When it Comes To Investing?

It is smart to have an understanding of the method of selection of stocks and bonds that your financial advisor chooses. It can help you get a better understanding of where your money is flowing. This also gives you greater security and control over your finances even in your partnership with your advisor.


Michael Callahan

Michael Callahan

CEO of Intentional Accounting

Financial Advice

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