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Dynamic Wealth Management Headlines: 6 Questions to Ask Your Financial Adviser
by dynamic03 on Oct 7, 2011
Making the decision to hire a financial adviser is often a tough one for many investors. Once you’ve made this decision, how do you go about finding the right adviser for you? Here are six questions to ask:
How are you compensated? While one could argue that no method of adviser compensation is totally without bias, fee-only advisers come the closest. Fee-only advisers receive no compensation from the sale of investment or insurance products. Can an adviser who receives a significant portion of their compensation from the sale of financial products really be counted on to recommend solutions that are in your best interest?
[See 50 Best Funds for the Everyday Investor.]
Will my assets be housed with an independent third-party custodian? This applies if the adviser will be providing on-going investment advice. Examples of third-party custodians include Charles Schwab, Fidelity, TD Ameritrade, and most other brokerage firms and mutual fund companies. A...Read More >>
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