Question

There are 10 questions listed to ask your Financial Advisor. Please list them and comment on why you think each is important. 1. What experience do you have? 2. What are your qualifications? 3. What financial planning services do you offer? 4. What is your approach to financial planning? 5. What types of clients do you typically work with? 6. Will you be the only financial planner working with me? 7. How will I pay for your financial planning services? 8. How much do you typically charge? 9. Do others stand to gain from the financial advice you give me? 10. Have you ever been publicly disciplined for any unlawful or unethical actions in your career?

Answer 1

1. Financial Advisors which job is to help their clients plan for their short and long term financial goals these include buy a home paint for their children's education in retirement of financial advisor provide investment tax and insurance advisor hence we should always know the amount of experience the advisor has.. for example we need insurance Advisors and the financial advisor is extremely good in tax planning hence we should know the appropriate experience and the amount of knowledge or area of knowledge the financial advisor has.

2. A bachelor degree is required for a career in financial advisor. It is important to know the qualifications because to a greater extent it determines the quality of work that the financial advisor will provide he should have measures in finance economics business statistics on other fields are acceptable financial Advisors can be general list all team is specialised in years including the retirement taxes insurance and risk management

3. What financial planning services do you offer is the most important question because if a financial advisor is providing services in the area of tax it means that he has only knowledge or maximum knowledge of area of tax similarly if he is an expert in retirement he would only have information about that.

4. What is your approach in financial planning determined to a greater extent the quality of financial planning a financial advisor will provide us. Whether he is approaching important concept on traditional concept depends on the experience or the flexibility he has.

5. Depends what type of client he handles whether his clients are rural based urban based. His portfolio determine the quality of work he does if we handles big clients it means he provides Quality of work and usually charges a large amount of fees and also it counts to his experience.

6. When a person is planning of financial plan the opinion of two people is always better rather in compared to one your financial advisor may have high insurance targets and that's why he may be convincing you for investment in insurance plan Consulting two or more financial Advisors are having a team of financial Advisors is always better.

7. How will I pay you for your financial planning services is also important question what are the charges that a financial Advisors is imposing whether he is imposing higher than other Advisors or is he charging less. Should the payment be in cheque demand draught or cash.

8. How much do you typically charge easy charging higher easy charging for a particular assignment or easy charging for a particular year is a important question

9 do other stand to gain from the financial advice you give me is a market research that first we should conduct with the advisor and then with the others to know the future prospects of our investment

10. Giving your financial matters in the hands of some other person matters a lot hence the career are the actions of a financial advisor should be noticed in the priority. Because if the person is a fraud it's a problem. It would cause a a great negative return to us