10 Questions To Ask Before Taking Investment Advice

Since printed material must be approved by their firm an advisor’s answers should be In Writing.

  • What Is your Background and Experience and are you regulated as a Fiduciary?
  • Do you have any Conflicts of Interest? Paid more or rewarded with titles, trips etc. for selling specific products.
  • If I decide to have a managed portfolio what is your Investment Strategy?
  • If you don’t manage portfolios Who Will Make Investment Decisions? Can I talk to them if I have questions?
  • How Are You Paid? A percent of my assets, trade commissions, salary, hourly rate or a combination?
  • If you are paid based on a percent of my assets exactly How Is Your Fee Calculated?
  • Do you charge this asset fee on the value of Cash, Stocks or Funds that I Manage Myself?
  • Are All Accounts (IRA’s, Joint, Single, Trust, Custodial) combined to reach Lower Breakpoints for this fee?
  • Can both Managed and Self-Directed positions be held in the same account?
  • How will you Work For Me After I Invest?
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