What to ask when looking for a financial advisor

If you are considering working with a financial advisor, you should ask about the advisor’s background and qualifications, approach to investing, and the services s/he will provide to you. Take the time to get to know the person and make sure you are comfortable with his/her qualifications, values and commitment to you.

Here are some questions that you can ask, and that financial advisors are generally required to answer.

Experience and reputation:

  • What is your education and professional experience?
  • How long have you been practicing as an advisor?
  • Do you specialize in any areas (seniors, small business owners, etc)?
  • How long has your firm been in business?
  • How long have you been with the firm?
  • Can you provide references?

Licensed advisors are overseen by regulators and must complete education programs after they are registered to help them keep on top of new financial products, rules and regulations, and industry trends. Learn more…

Registration:

  • Are you and your firm registered with a securities regulator? Which one(s)?

Confirm whether the individual or firm is registered.