Your money matters to you, right? Therefore if you decide to enlist the services of a financial advisor, you should choose someone that you can trust. This is your money, so picking somebody who you believe will put your best interest first is so important. But how can you find the right financial advisor who can make the best investments to ensure your long-term financial stability? Here are a few questions that you definitely ask any potential financial advisors:
What Is Your Investment Philosophy? Every financial advisor will have his or her own beliefs on how to grow your money. How they react to the market will be crucial to how well your money grows in the investment market. You will probably have risk tolerances. Does their philosophy align with your own? For example, Mark Matson, the founder of Matson Money, has his own beliefs about the free market and how investors can utilize it to ensure long-term success. You will need to grill your potential financial advisor to see how they’ll invest your money.
What Are Your Credentials? Don’t be afraid to ask a financial advisor what his or her credentials are. You want someone who has the right amount of education and licensure to make educated decisions on how to invest your money.
How Much Do You Charge for Your Services? This is all about money, right? You need to know how much the financial advisor will charge you for his or her services to make sure it’s worth it. If he or she charges an initial planning fee, is it fair? Make sure to get in writing what exactly you’ll have to pay to get the services promised to see if it’s worth it.
What Is Your Typical Client Profile? Every investment client is different. You want to make sure that advisor’s experience coincides with your own profile. If you’re looking for someone to be more conservative with your money, have they worked in the past with clients who have had similar interests?
What Makes You Different from Every Other Financial Planner? Do you have a case study that shows that they can make you money? Do you provide stellar communication skills to keep you abreast of what’s going on in your money? Do you have experience that separates you from everyone else? These are all questions that should be addressed to ensure that.
By asking these questions you should be able to find a financial advisor who meets your needs with helping your money grow. Have you worked with an advisor in the past? What have been your experiences working with a financial advisor?
Matson Money Insight 