These days, more and more people are choosing to seek advice from financial planners and consultants. As most people are not experts when it comes to all things financial, it’s only wise to seek the help of someone who is in the know; someone who can explain financial concepts.
Before booking an appointment with a financial planner, you’ll first want to prepare yourself. You’ll need to compile a list of what you’re hoping to gain from the meeting, along with some questions to ask your financial advisor.
Let’s look at some tips on the right financial advisor questions to ask when seeking financial planning advice.
How Much Experience Does the Company/Consultant Have?
When it comes to receiving sound financial planning advice, experience is everything. You’ll want to be confident that the company you’re teaming up with has both the knowledge and experience to offer you the very best advice. After all, you’re there to learn how to manage your money and make it work for you, so you’ll want to be learning from experts and people who have actually achieved the goals you desire to achieve.
You may even want to ask your consultant why they became a financial planner, as this opens up the opportunity for them to talk to you about their experiences and achievements.
How To Create a Solid Financial Plan Based On Your Goals
One of the primary roles of a financial planner will actually be helping you to create a plan for your financial future. If a company advertises itself as being a financial planning firm, then in all likelihood it’ll be offering this service.
A better question in this instance is, can they create a sound plan based on your individual circumstances and preferences? Or, does the company offer a one size fits all kind of approach?
You’ll want to deal with a financial planner that devises an individual plan for each and every customer, so you have a plan that’s been tailored to your unique set of circumstances.
Can They Offer You Investment Advice?
Your future may envision making a profit from some solid and savvy investments. Therefore, you’ll want to ask your financial planner whether they offer investment advice in general, along with suggestions on where to invest your money.
Quality financial planners will invariably include investment advice in their repertoire, so be sure to find this out and then dig deeper into what advice they can actually offer you.
Ask Them What Kind Of Clients They Typically Work With
This is a good question to ask right off the bat, as the answer will give you clues as to whether the company is going to be a good fit for your aspirations and goals. If their typical client is similar to you, then forming a coalition with that financial planner will likely be a positive experience that delivers the outcomes you desire.
Can They Give You a List Of the Services They Provide?
Before teaming up with a financial planner, you’ll want to be sure that their services cover what you’re looking for. If you can’t find adequate information about this on the company’s website, before committing to anything, ask the company if they can provide you with a comprehensive list of the services they provide. You could receive this list in person or have them email it to you. If they cover what you require, then you can take the next step.
How Much Do They Charge for Their Services?
This is a question you’ll naturally want an answer to. After all, you’re looking for advice regarding financial matters, so you’ll need to know what this investment in financial advice and planning is going to end up costing you. Ask them what their fees are and how exactly they are compensated for working with you. Are there any hidden costs or commissions?
Are You Ready for Your First Consultation With a Financial Planner?
If you’re actively seeking a quality financial planner and have your financial advisor questions ready, make an appointment with a consultant at Delta Financial Group. We can assist you with all your financial planning and investment advice needs, so get in touch today and get on the pathway to a more profitable and secure financial future.