Questions To Ask A Financial Advisor (Part 1)
Are you thinking about utilizing the services of a professional financial planner? Nowadays, it’s become increasingly common for people to seek out the advice and assistance from a financial advisor or a financial planner for a variety of different reasons. If you’re looking for a quality financial advisor who can assist you, then here are some questions that you should ask when interviewing prospective financial planners to hire:
What Types of Services Do You Specialize In?
One question you should ask when doing interviews with financial planners who you are thinking about hiring for the job is to ask them about the types of services they offer as well as the ones that they specialize in. The reason is because not all financial planners offer the same services nor specialize in the same types of finances and financial services. That’s why it’s important to find out from the beginning what they offer and which types of financial services they specialize in so that you can know if you’re in good hands or not.
How Much Do Your Services Cost?
Another question that you should always ask is about how much their services cost and how they make money. The reason is because not all financial planners are paid in the same way or charge the same amount. You should find out if they’re being paid via commission, a fixed rate, or another method, and how much their services will cost.
Are You A Fiduciary?
Lastly, you should also always ask if they’re a fiduciary as well. Fiduciary financial advisors are different from non-fiduciary financial advisors, so it’s important to learn the differences between the two and what type of financial advisor would be the best fit for you.
I'm Michael Rebischke, and as a wealth advisor, my job is to help you manage your financial affairs, and put a plan in place so you can focus on enjoying the life you want to life. As life continues to evolve, the impact of every financial decision is greater than ever. I work together with my clients, providing them with easy-to-understand recommendations, and helping them implement them every step of the way.