How To Get The Best Advice
10 Questions For Your Financial Advisor
- Do you hold the top industry professional designations (i.e. CFA, CFP®)?
- How many years of experience managing portfolios for High Net Worth clients?
- Do you provide fee-only advice (no commissions)?
- How many clients do you work with?
- Do you use any proprietary funds or products?
- Do you or your firm have any revenue sharing arrangements?
- Are you held to the Fiduciary Standard 100% of the time?
- Is there separation between you as investment manager and the custodian of client assets?
- Are all fees/expenses transparent?
- Do you use predetermined models or are the portfolios customized to each client?