Broker Check

Working with a financial advisor

II Types of Financial Advisor Compensation

  • (A) Commission-Based
  • (B) Fee-Based Advisor
  • (C) Fee-Only Advisor

III Other questions you should ask a financial advisor:

  • Are you a fiduciary?
  • How often do we meet?
  • What is your specialty (i.e., money management, financial planning, retirement planning)?
  • What are my “all-in” costs?
  • What services are included?
  • What is your investment methodology?
  • What asset allocation strategy do you use (i.e.; diversification)?
  • Will you meet with my tax professional to help determine a long-term tax strategy?

If you feel anxiety about approaching a financial professional, remember they depend on developing relationships with their clients.  Interviewing Financial Advisors is a first important step to finding an agent you feel comfortable working with.

Your financial well-being is our business