Ep 69: Interview Questions To Ask A Financial Advisor

2021-03-25

It's not easy to hire a professional service provider. Even the most astute consumer only scratches the surface of truly understanding a profession they are not part of. The information gap is huge. So how do you ensure you find a competent and trustworthy advisor? Hear Kevin nine questions to ask your advisor. He will unpack some of the industry gobbledygook, share disclosures from brand-name Wall Street firms that will surprise you, and help you become a more informed financial-advice consumer. Whether you currently have an advisor or are...

It's not easy to hire a professional service provider. Even the most astute consumer only scratches the surface of truly understanding a profession they are not part of. The information gap is huge.

So how do you ensure you find a competent and trustworthy advisor?

Hear Kevin nine questions to ask your advisor. He will unpack some of the industry gobbledygook, share disclosures from brand-name Wall Street firms that will surprise you, and help you become a more informed financial-advice consumer.

Whether you currently have an advisor or are considering hiring one, this episode is a worthwhile listen.

Timestamps:

5:05 - Questions To Ask A Financial Advisor

11:13 - Are You A Fiduciary Legally Acting In My Best Interest 100% Of The Time?

15:49 - How Do You Get Paid?

25:19 - What Are Your Qualifications?

32:44 - Planning Process

34:21 - What’s Your Investment Philosophy?

39:45 - How Many Clients Do You Have?

43:32 - How Will Our Relationship Work?

48:06 - Will You Require Me To Sell All My Investments To Work With You?

49:36 - Who’s Your Custodian?