Twelve Questions to Ask When Interviewing A Financial Advisor
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Are you a fiduciary and can I get that in writing?
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Who is your custodian?
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What are your qualifications?
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What is your investment philosophy? Are there any limitations on the investments you will recommend?
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Can you stress test my portfolio to make sure I am taking on the right amount of risk for my situation?
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Will you provide me a written, comprehensive financial plan, and how often will you update it?
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Will and how do you consider taxes as part of my overall situation?
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Can you assist with reviewing my will, trusts, beneficiaries, or health care power of attorney?
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How do you get paid? Do you and your firm get paid from any other sources in connection with my business with you?
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Can you help me determine my long-term care funding strategy?
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Can you review my life insurance to make sure I have the right type and amount of insurance?
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How often will you communicate with me to discuss my overall situation?
