Choosing a financial advisor is a very important decision and should be made with great consideration. To help you feel comfortable in making a good decision, here are a few simple questions you should ask yourself:
- Do I like the advisor and do our personalities work well together?
- Do I trust the advisor?
- Does the advisor have the right qualifications?
- Does the advisor have the right kind of experience?
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Once you’re satisfied with answers to these questions, you should also consider asking yourself:
- Will the advisor address all my goals - Individual, Family, Business?
- How is the advisor compensated? Will that compensation method reinforce a high level of service to me?
- What level of legal and ethical responsibility does the advisor have to me?
- Can the advisor provide all the services and products I may need?
- Will I be able to determine whether the advisor has given me my money’s worth in terms of time, effort and results achieved?