The volatile market in 2008 demonstrated the importance of focusing on controllable variables. The main factor that investors often overlook is the added value of their financial advisor. Here are few questions to ask your financial professional:-

1. What training does your advisor have?

The Certified Financial Planner (CFP) name is widely recognized as the “platinum standard” for financial planning expertise. Unfortunately, only seven percent of “financial advisors” are CFP certified. 

CFPs have the necessary training, knowledge and access to financial instruments to assess all potential investment opportunities and make recommendations based on individual specific circumstances. You can now also get in touch with advisors for financial strategies via https://www.edwardjones.com/us-en/financial-advisor/tyler-simonds

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2. How are your advisors paid?

It is important to know that your advisor’s behavior is affected by their compensation. Consultants are usually paid either through commissions on products sold or through fees charged to their clients. 

3. Does your advisor act as a trustee?

Financial advisors who have confidentiality responsibilities towards clients are legally obligated to act in the client’s best interests. Consultants who do not assume fiduciary responsibilities only promise to act in such a way that their clients are not harmed. Big difference! If your advisor is unfamiliar with the term “trustee,” look elsewhere.