So you’re thinking it’s time to hire a financial advisor…but how do you go about selecting the right one?
Hiring a financial advisor is a major decision that should not be taken lightly. Unfortunately, many people spend more time shopping for a car than researching and interviewing an advisor. There have been a lot of changes in the industry with numerous types of advisory firms and their services. When you’re close to meeting with a financial advisor, it’s important to be prepared to ask the right questions to make sure you, the advisor, and his or her firm are a good fit from the start. The following are 3 broad, easy-to-ask questions you should have on your list before hiring a financial advisor.
Are you a fiduciary?
This is the single most important question that you can ask and lets you know from the start the advisor’s responsibility to their...