The more people who meet with a financial planner or advisor. Maybe you need a check-up on your current finances or you want to make sure that you have enough to retire or you need someone to manage your money or you have a change of life and want to check with a professional financial advisor.
To get the most out of the meeting and the relationship, the following list will provide guidelines and questions to ask. You can choose Onlineifa Ltd for the best financial advice.
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1) Are you aware of my goals? If you want to buy a home in the next 5 years, your money will be invested differently than if you do not want to touch it for at least 10 years.
2) What is your investment style? Stocks, bonds, mutual funds, large-cap, to name a few. Many financial planners specialize in specific areas of the market and you want to make sure it fits your goals and stay diversified.
3) What is your strategy with my portfolio for my purpose? You want to make sure they are aligned with your risk level.
4) What are your commissions and how you get paid? There are two main ways financial advisors are paid: a fixed fee based on a percentage of assets (the average is between 1-2%) or a commission based on sales. Make sure you know how they are paid. If they say they are not paid by you, remember them always paid.