In today’s episode we are going to discuss the 10 questions that you should be asking any financial advisor before you start working with them and this is going to be the first in several episodes that I have planned in the coming months to discuss the process of selecting a financial advisor. Choosing an advisor can be one of the most important decisions you will make in your retirement but too often there are just too many advisors pursuing you as a client and they are all seemingly promising you the same services. So how do you tell the good ones from the bad?

Well today I am going to walk you through 10 questions you should ask any advisor before you start working with them to make sure you are in capable and experienced hands that will give you the attention that you deserve. My goal is to help you form a system to help you find an advisor who will add a massive amount of value in your life and finances and will truly worthy of your trust. 

10 questions we will cover today:

1) Are your recommendations in my best interest, in other words, are you a fiduciary? (2:14)

2) What qualifications or credentials do you have? (3:51)

3) Once I am a client, what will we address in our first 4 meetings? (5:00)

4) What types of clients do you work with? (7:17)

5) How many clients do you have, and will that affect how often I’ll hear from you? (8:58)

6) What is your succession plan? (10:58)

7) What is your investment philosophy? (12:02)

8) Do you earn any commissions or fees on the investments that you recommend? (14:03)

9) How are you paid? (14:26)

10) Have you ever been subject to any disciplinary or legal actions? (15:33)