Holicent
VIP Contributor
1. Not asking enough questions.
2. Not trying to understand the advisor’s goals and strategies.
3. Not asking how a plan will benefit you, your goals and your financial situation.
4. Not asking whether your advisor has any experience with your specific situation before hiring him or her as a financial planner.
5. Not checking references from previous clients to ensure that the advisor has performed at the level you expect from a professional financial planner.
6. Not getting their annual review with the advisor before making any changes to their financial plan.
7. You're not clear on your goals
A financial planner will help you to understand your financial situation and the options that are available to you, but it's their job to help you to set realistic and achievable goals. If you haven't clearly defined what you want from your financial planning process or how much money you can afford to spend, then it's difficult for them to work with you effectively.
8. You don't understand fees
Financial planners charge for their services on a sliding scale, so it's important that clients understand exactly what they're paying for before making any decisions about which adviser they want to work with. It's also worth looking at the scope of advice that an adviser offers before deciding whether they're right for your needs.
2. Not trying to understand the advisor’s goals and strategies.
3. Not asking how a plan will benefit you, your goals and your financial situation.
4. Not asking whether your advisor has any experience with your specific situation before hiring him or her as a financial planner.
5. Not checking references from previous clients to ensure that the advisor has performed at the level you expect from a professional financial planner.
6. Not getting their annual review with the advisor before making any changes to their financial plan.
7. You're not clear on your goals
A financial planner will help you to understand your financial situation and the options that are available to you, but it's their job to help you to set realistic and achievable goals. If you haven't clearly defined what you want from your financial planning process or how much money you can afford to spend, then it's difficult for them to work with you effectively.
8. You don't understand fees
Financial planners charge for their services on a sliding scale, so it's important that clients understand exactly what they're paying for before making any decisions about which adviser they want to work with. It's also worth looking at the scope of advice that an adviser offers before deciding whether they're right for your needs.