Ten Questions You Should Ask YOUR Financial Advisor
- Are your services truly comprehensive in all areas of life event planning, or are you just an investment broker?
- Are you a captive agent, or an independent advisor? Are your offerings narrow in scope (proprietary), or broad-based so I am assured best-in-class?
- Are you a Certified Financial Fiduciary® thru the NACFF? What licenses, certifications, and/or other credentials do you have, and years of experience? Do you adhere to the BIC standard (Best Interest Contracts)?
- What makes your client experience unique, and how are you different from other advisors? How often can I expect to hear from you?
- How do you get paid? What other expenses might I incur?
- What are your investment management, financial planning, and retirement income philosophies?
- Do you have a Client Bill of Rights?
- How will you help me balance the trade-off between paying down my debt and planning for my future? What is your process for doing this and how can I monitor my progress?
- How do you define risk, and how does that definition help me set realistic expectations?
- Are you well-versed in Retirement Distribution Strategies to ensure a reliable future income stream?