Ten Questions to Ask While Deciding On a Financial Planner?

10 Questions to Ask While Deciding On a Financial Planner?

From PersonalFN

Here are 10 questions you need to ask while deciding on a financial advisor / planner:

1.    Is the financial advisor / relationship manager / agent driven by commissions?

    

2. What are the credentials of the advisor / planner?

    

3.    Does he / she understand my financial goals?

    

 4.   Does he / she follow a holistic approach that helps achieve my financial goals?

    

 5.  How have the investments avenues been selected – what is the basis of doing so?

    

 6.    How & when will be my investment portfolio is rebalanced?

  

7. Is he / she proactive in their approach even during distressed times 

(when the markets are tanking)?

    

 8.  Is there transparency in their dealings?

    

9. Does he / she have enough support and backup staff (to service you well)?

    

10. Will / financial planner be able to adhere to timelines?

If you can get the answers to these questions and many other legitimate ones you have in mind, you are very close to finding the right financial advisor, who can handle your money with as much care as he / she would managing his own.

What matters the most is adhering to highest level of ethics and honesty and putting your interest as a client, first. 

PersonalFN stands for these traits and with that philosophy, brings to you a new initiative that enables investors to discover and connect with qualified and honest advisors whom they can trust. To put it better, a ‘guardian’ for your investments, not just an advisor!

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