You need to ask: If something goes wrong and I need to complain, how do I do that?
What have been the company’s experience for complaints over the past couple of years?
Have there been any long running complaints and if so why?
You should be getting a flavour of what Financial Planner happened with the client complaints. If they stumble on their response, treat it as a warning.
1. The big question for you – Can I work with this financial planner?
The emphasis of this question for you, is to determine if the financial planner is the right fit for you and, are you the right fit for them. You should see your relationship as a two way arrangement. You will need to be very open and honest with the financial planner to enable he/she to deliver the best advice and service.
They don’t need to be your best friend. An error many people make when seeking a financial planner is to select the ‘friendliest’ person that they meet, without judging their ability to deliver the right service.
While you don’t have to like the person, you do need to be able to trust them. Like all good relationships in life, trust will be critical for the relationship to be a success.
If you follow the questions, take notes and consider a number of financial planners, you will be in a much better position to choose one with confidence.
A financial planner can be an invaluable advisor to you as you work towards your financial goals and dreams. A good financial advisor can act as the quarterback for your team of advisors, working with your tax advisor, insurance agent, etc. to make sure the different parts of your financial plan are working together.
Most people could use some help keeping their financial house in order. When should you hire a financial advisor? Some people hire financial planners only when they need advice about a specific issue such as saving for college, paying down debt, or evaluating an early retirement offer. Others hire a financial planner to complete a comprehensive plan and monitor that plan on an annual basis. No matter what your reason is for hiring a financial planner, one of the greatest advantages of working with a financial expert is the added motivation you’ll have to achieve your financial goals.