16 Questions to Ask Your Potential Financial Adviser
- Are up a registered investment advisor?
- Are you fiduciary?
- Are you fee-only (you do not receive any commissions - you only get paid by a fee to reduce conflicts of interest)?
- Do you charge a fixed dollar fee, known in advance for the service, or do you get paid more just because the markets are up (even though you may work less hours or you may be underperforming the markets)?
- Do you provide a financial plan with a comprehensive written analysis of my financial situation?
- Do you have a niche market?
- Do you have 20 years’ experience so that you have lived through a few market cycles?
- Do you have the CFP certification?
- Are you a CFA Charterholder?
- Are you required by a professional certification/designation to take Continuing Education (to stay on top of trends in the industry and make better recommendations)? If yes, how many hours per year?
- Have you ever been disciplined by a professional or regulatory body?
- Will you be the only person talking to me or do you have junior associates?
- Is your firm independent?
- Do you plan to retire in the next 20 years?
- Did you speak at any public seminars/conferences?
- Do you have a minimum asset size for a client? What is the average asset of a client?
Learn how to make smarter, more informed financial decisions
At BFM, we help you make better financial decisions so that you can have peace of mind.
Our core beliefs are:
• Asset Allocation is the most important determinant of performance
• A globally diversified portfolio reduces risk
• A disciplined investment process is critical
BFM enables you to increase your wealth through independent financial advice with no conflict of interest. We neither sell products nor receive commissions.
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