Tips: Finding the right advisor
You want an advisor you can trust. Someone who will do more than offer investment choices. He or she will help you balance your goals for comfort and security with your financial responsibilities.
You don’t have to settle for the first advisor you meet and you certainly shouldn’t work with someone who makes you feel uncomfortable. After all, if you’re not happy talking about your finances with your advisor, you’re not talking to the right person.
We recommend that you do a little homework to find a qualified professional who you will feel comfortable working with:
financial obligations and
what's important to you
Don't allow yourself to be hurried.
Ensure you are being heard.
Ask for references or testimonials
from the advisors' existing clients
to find out about their quality of
Interview tips - Questions to ask a potential advisor
Ask about an advisor's level of experience and his or her qualifications with questions like these:
- Do you have experience dealing with financial situations like mine?
- What services can you provide for me? What don’t you provide?
- Ask about the company they work with? Make sure the company is stable and will be around when you need it.
- How do you keep up-to-date within the industry/maintain your knowledge?
- Why are you an advisor?
- How often can I expect to hear from you?
- How should I prepare for our first meeting?
- May I speak with three references whose financial goals are similar to mine?
Interview tips - Questions to ask others ABOUT their advisor
It's important to ask others about their experiences with their advisor. You may feel uncomfortable at first, but it's common to check references of financial services professionals.
- How long have you worked with the advisor?
- Have you been satisfied with the service that the financial advisor provides?
- How often do you hear from the advisor? Who initiates calls and what are most calls about?
- Does the advisor respond to your questions and your calls?
- Has anything about your relationship surprised or disappointed you?