Five questions to ask a potential financial advisor

Matson Money

Choosing the right financial advisor

• The right financial advisor will make the best investments for you in the long run

• Financial stability should be your goal

• There are five questions you should ask

1. What is your investment philosophy?

• How does the financial advisor react to the market?

• Does their philosophy align with yours?

• Don’t gamble your investments

2. What are your credentials?

• Don’t be afraid to ask about the credentials of the financial advisor

• There should be a good combination of education and licensure

• This will allow the advisor to make educated decisions on how you should invest

3. How much do you charge for your services?

• Knowing how much the advisor charges is crucial, since you are trying to save money

• Do they have n initial planning fee?

• Always get in writing what you are expected to pay for the services promised

4. What is your typical client profile?

• Every investment and client will be different

• Does the financial advisor’s experience coincide with your own profile?

• Make sure they have worked with clients who have had similar interests to your own

5. What makes you different from every other financial planner?

• Do they have a specific case that can display how they can make you money?

• Do they have great communications skills?

• Do they have the experience to separate themselves from the rest?

Making the decision

• While some of these questions can be common sense they are all important

• For more information on Financial investments check out our blog: https://matsonmoneyinsight.wordpress.com/2015/08/27/five-questions-to-ask-a-potential-financial-advisor/