4 Things to Ask A Potential Advisor

If are thinking about investing on the stock market, you may be among the many that choose to use a financial advisor. While some may wish it was easy to find the best financial advisor, there are many things you need to do and ask before you choose one. When you let another person manage your investments, the stakes are high and there’s no room to make mistakes. With that said, it’s important to do your due diligence and ask these four questions every time you are speaking with a potential financial advisor.

1. Can You Tell Me Your Investment Philosophy?

Every single financial advisor will have their very own investment philosophy on how they could potentially grow money on the market. It’s important for you to ask them what beliefs they have when it comes to the market and see how well they fall in-line with your own philosophy. If they have similar beliefs as you, you may find that favorable because you might like working with someone with similar ideas. But, always ask first before you make any commitment so you can hear out what everyone believes and weigh your options.

2. What do your services cost?

Like with any kind of service, you will want to know how much their services will cost. Never go into a meeting with a financial advisor without first knowing their prices. Call them over the phone and ask, email them – however you need to find out, be sure to always ask. Once you find out, and if you are interested in hiring them, be sure to have what you will be paying in writing so you can get the service you were promised.

3. How Are You Different?

This is a very important question to ask because you will want to know what really does make them different. Perhaps they communicate with their clients on a daily basis or maybe they have case studies that back the ways they make money. This question will help you figure out which financial advisor is right for you!

4. Can You Show Me Your Credentials?

When it comes to credentials, you’ll want to know what licenses, certificates and even education levels your financial advisor has attained. At the end of the day, you’ll want to be sure a financial advisors has the proper education and qualifications to make the best money decisions on your behalf.

Do your research and always ask questions because it’ll help you avoid tricks or scams. You might use Mark Matson or a number of other advisors, but one thing is for sure, do your homework so you can make the best decision possible.

4 Things to Ask A Potential Advisor