What to ask a Financial Advisor

This is a very important decision in hiring someone to help you with your money. This person is actually a financial coach as they help you manage your portfolio or stocks etc. Here are some questions that should be asked before you hire anyone. 1. What is your experience? This would include the type of help done for clients and how many years this person has in his job. 2. How are you qualified? He could be a CFP practitioner or a certified financial planner, a public accountant or a financial consultant. 3. What kind of services do you cover? He could sell stocks or other financial products and maybe life insurance.
4. What approach do you take? Does he give advice and someone else executes them? 5. Are other people part of this process? Does he have assistants or attorneys or accountants? If so, check on their background also. 6. How are you paid? Is it an hourly fee or does he earn a commission from his sales?
7. Can I get all that in writing? It is the job of the planner to offer you an agreement in writing covering the services he will provide to you.