Add the next five questions to your notes to take to your first meeting with a new financial planner, and you’ll be prepared to make the best decision for your financial interests.
6. Who will I be dealing with on an ongoing basis?Will the financial planner with whom you are meeting be the one to actually handle your account, or will you be passed off to some junior level planner? Obviously, you want to work with the “brains” behind the organization, although you should expect some contact with other folks in the office.
A good financial advisor can provide objective, professional advice. Before hiring one be sure he or she fits your needs and you have a level of comfort and trust with this person. It’s your money. So be sure to ask the right questions and don’t allow yourself to be satisfied with half-baked answers.
Roger Wohlner, CFP® is a fee-only financial advisor at Asset Strategy Consultants. Roger provides advice to individual clients, retirement plan sponsors and participants, foundations, and endowments. Follow Roger on Twitter; connect with him on LinkedIn.