- Ask your advisor or any prospective advisor if they would be willing to complete the questionnaire provided by the organization “Focus on Fiduciary”
- Insist on full fee disclosure. If the prospective advisor is not willing to provide this information, walk away. Remember, a commissioned sales person by law does not have to disclose all their fees.
- Ask your advisor if he/she accepts referral fees. This is important. If your advisor accepts referral fees when he recommends someone to you, this is a warning sign.
- Check the _______________ to see if there are any registered complaints against the advisor.
- Do not pick an advisor just because a relative or friend recommended him/her. While references are very important, do your own due diligence.
- Arm yourself with knowledge. Do your homework. Sit down and make a check list of qualities you would like in a planner. Then, look for a planner that meets those specifications.
- Watch this 3 minute video on Top Questions to ask your Financial Planner. (It may take a minute to load)
