Here are some questions to ponder regarding your current advisor. If the answer is “they don’t do that” to any or all of them, maybe it’s time to find a new advisor.

 

1. Does your current financial advisor conduct periodic reviews and then present you with an Annual Progress Report so that you can be assured that you are on track for your financial future?

 

2.  Does your current advisor hold periodic webcasts during turbulent markets to provide updates so you don’t have to lose sleep about the possible impact to you and your family?

 

3.  Does your current advisor meet with you to conduct a review of your Estate Plan so you don’t have to worry about how the settlement of your assets and insurance will transpire after your death?

 

4. Does your tax advisor send you a Tax Minimization Checklist before the end of the year so you don’t have to worry about missing out on any tax deductions?

 

 

Here are some questions to ask your current advisor. If the answer is “no” to any or all of them, perhaps…you guessed it…..it’s time to find a new advisor.

 

1.  Are you held to a fiduciary standard of conduct?

 

2.  Do you disclose all conflicts of interest and forms of compensation?

 

3.  Do you provide a comprehensive financial plan in writing?

 

4.  Have you obtained the Certified Financial Planner (CFP) or Accredited Investment Fiduciary (AIF) designation?