If you are thinking about getting a Financial Advisor, there are some important things that you should know. It is not always easy to find the right Financial Advisor for your needs, but here are three questions that every person should ask before they get started. These will help make sure that both of you have an understanding of what each other is doing and how it will work together to reach your goals!
Things to ask a Financial Advisor:
- What makes you different from other Financial Advisors? Many people start to look for a Financial Adviser when they are ready to invest or save money. You as the investor need to know that your money is safe and in good hands with the Financial Adviser, but this can be hard because there are so many options out there. It can be difficult to understand how one advisor is different from another. Advisors can stand out with the types of services they offer, investment management style, and ideal client for their practice. When a Financial Adviser can stand out from all of the others, they will have more clients and therefore be able to help more people.
- How do you get paid? The Financial Advisor should answer this question before you start working together! Financial Advisors make their money through the fees that they charge clients. This can be a percentage of the investments that they make on behalf of their clients or it could be a flat rate each year. Sometimes, Financial Advisors will also receive commissions for the products that they sell to their clients. It is important for you to know how they get paid. When it comes to investing money, every person has different goals in mind.
- Have you worked with people like me in the past? After describing your financial situation and goals, this question opens the conversation to alignment. Having alignment with your advisor is key to getting the most out of the relationship. Financial Advisors should be able to work with a wide range of clients, so it is important to ask this question. If they have worked with people in a similar situation as you before, they will understand your goals and what you are trying to achieve. Financial Advisors who specialize in particular areas may not be the best fit for you if your goals, so get the straight facts.
When meeting with a Financial Advisor for the first time, it is important to ask these questions! They will help you understand what to expect from the relationship and how they work. Financial Advisors should be able to answer all of your questions so that you can feel confident in working together. These are just a few things to get started, if you’d like to speak with a Financial Advisor at Tuttle Ventures you can click on the link to get started.