December 28, 2021
Questions to Ask Your Financial Advisor
Deciding to work with a financial advisor is a big decision. After all, they’ll be in charge of managing your personal finances and long-term investment strategy. What you do with your money impacts your future. You want to make sure you’ll be working with a professional that will help guide you towards your goals.
What to Ask a Potential Financial Advisor
Whether your goal is wealth building or investment planning, there are several questions you should ask a potential financial advisor. Here are four key questions to consider:
1. What is their experience or focus: When you decide to trust a financial advisor with your finances, you want to make sure they’re experienced, especially in the strategies that interest you. Figure out what their specialty is and whether or not it aligns with your goals.
2. What financial services they offer: With countless financial services from mutual funds to target-date funds, be sure to ask potential advisors which ones they offer.
3. What is their investment philosophy and strategy: A financial advisor’s investment philosophy and approach will influence how they manage your money and investment portfolio. Therefore, you may want to choose an advisor that shares your style.
4. How can they help you reach your long-term goals: While you most likely have short-term goals, you may want to choose an advisor who will help you reach your long-term goals as well. An advisor should be willing to listen and learn about your needs and overall vision and help you tailor your portfolio to achieve those goals.
How to Evaluate Your Current Financial Advisor
Do you currently have a financial advisor? There are several different questions you can ask yourself to determine whether or not they’re the best fit:
- Do they work based on fees or your financial interests and goals?
- Are they consistently communicating with you and keeping you up-to-date on your investments?
- Are they adapting your portfolio to keep up with your changing needs over time?
- Are you moving towards your goal for the future?
Talk to a Financial Advisor Today
At Focus Partners, we aim to help our clients reach their financial planning, wealth management, and investment analysis goals. We deliver personalized results and focus on doing what’s best for each client.
Check out our services and reach out to schedule a meeting with an advisor today.
For informational purposes only. The content does not purport to present a complete picture, but Focus Partners believes the information is representative of issues and needs facing some clients. No client or prospective should assume the above information serves as the receipt of, or substitute for, personalized individual advice.
This reflects the opinions of Focus Partners or its representatives and presents information that may change. Nothing contained in this communication may be relied upon as a guarantee, promise, assurance, or representation as to the future. Investing involves risk, including, but not limited to, loss of principal. Focus Partners' opinions may change over time due to market conditions and other factors. Numerous representatives of Focus Partners may provide investment philosophies, strategies, or market opinions that vary. The appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
RO-25-4934877
