Choosing an Investment Advisor
The choices you make regarding your financial life are just as important as any of the other major life decisions you might make. In fact, your choices regarding what kind of financial professional you use and who that individual will be could impact every other part of your life!
If you think about it, your finances can impact your retirement, the college your children attend, the type of car you drive, the neighborhood you live in, and even your level of health care. Your attitudes toward money can also impact your relationships and a good advisor should be able to help you make decisions that help improve every aspect of your life.
So . . .Choosing the right financial professional could be the most important decision of your life!
The key question most people ask when searching for a financial professional is . . .
Questions to Ask
Here are some great questions you can ask investment advisors that you are considering hiring:
From the AARP:
From the SEC:
From NAPFA, the National Association of Personal Financial Advisors
Compensation may not seem like an important factor in evaluating an advisors ability to serve you, however, it is critical. There are two basic kinds of compensation primarily used in the financial services industry. There are Fees and Commissions. Some other categories to exist such as Bid/Ask Spreads for Stockbrokers, Broker Dealers, and Market Makers, however most other types of compensation can be lumped into one of the previous two. We consider Bid/Ask spreads a commission at the retail level since the financial worker is paid every time a trade is made.
Complimentary Initial Session
We’d love to find out more about you and your investment needs and share with you what we do for clients so you can make a good decision about working with an investment advisor.