March 16, 2016
Top 3 Questions to Ask Before You Hire a Financial Advisor

Top 3 Questions to Ask Before You Hire a Financial Advisor

Top 3 Questions to Ask Before You Hire a Financial Advisor Choosing a financial advisor can seem overwhelming when you first start…especially if you’ve never delved into the financial world yourself. It can be tough knowing what to look for. However, there are some strategies that you can utilize to find the advisor that gels with your needs the most and will help you reach your ultimate goal. Making use of these three questions will undoubtedly land you with the advisor that can help you trek down the path you desire. Are you a fiduciary? According to Wikipedia’s definition, “a fiduciary is a person who holds a legal or ethical relationship of trust with one or more other parties (person or group of persons). Typically, a fiduciary prudently takes care of money or other assets for another person.” Merriam-Webster defines it this way, “of, relating to, or involving a confidence or trust;” So to put that in layman’s terms, a fiduciary is doing what’s in the person’s best interest. Most people don’t realize when choosing an advisor that the expert does NOT have to act in your best interest. They just have to meet what is called a suitability requirement…in other […]