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Questions Great Financial Advisors Ask: Uncovering the Path to Financial Well-being
Finding the right financial advisor can feel overwhelming. With so many options, how do you know you're choosing someone who truly understands your needs and can guide you towards your financial goals? One key indicator is the kind of questions they ask. This blog post dives deep into the insightful, probing questions great financial advisors ask their clients, providing you with a framework to evaluate potential advisors and ultimately, build a stronger financial future. We'll explore questions covering various aspects of your financial life, empowering you to make informed decisions and confidently navigate your financial journey.
Beyond the Numbers: Understanding Your Life Goals (H2)
Great financial advisors don't just focus on your current net worth; they delve into your aspirations. They understand that numbers are merely tools to achieve your larger life goals. Expect questions like:
H3: What are your short-term and long-term financial goals? (This isn't just about retirement; it includes things like buying a home, paying for education, or starting a business.)
H3: What does financial freedom mean to you? (This uncovers your personal definition of success, which is crucial for tailoring a plan.)
H3: What are your biggest financial fears or anxieties? (Addressing these anxieties head-on is key to building trust and a comprehensive plan.)
H3: What is your risk tolerance? (Understanding your comfort level with potential investment losses is fundamental to choosing appropriate strategies.)
H3: What is your time horizon for your investments? (Knowing when you'll need the money significantly impacts investment choices.)
Deep Dive into Your Financial Landscape (H2)
A thorough understanding of your current financial situation is paramount. Prepare for in-depth questioning regarding:
H3: What are your current assets and liabilities? (This includes everything from bank accounts and investments to mortgages and credit card debt.)
H3: What is your current income and expense pattern? (Analyzing cash flow helps identify areas for improvement and savings.)
H3: What are your existing insurance policies (life, health, disability)? (Ensuring adequate coverage is a vital component of financial planning.)
H3: What is your debt situation? (Understanding the types and amounts of debt, and interest rates, is critical for debt management strategies.)
H3: Do you have a will or estate plan in place? (This explores your legacy planning and ensures your wishes are legally documented.)
Probing Your Financial Knowledge and Habits (H2)
Great advisors also gauge your financial literacy and habits to tailor their advice effectively. Expect questions like:
H3: What is your understanding of different investment options (stocks, bonds, mutual funds)? (This helps determine the level of education and guidance needed.)
H3: How involved do you want to be in managing your investments? (This helps determine the appropriate level of advisor involvement.)
H3: What are your current financial habits (saving, spending, budgeting)? (Identifying good and bad habits allows for constructive feedback and improved financial discipline.)
H3: What are your sources of income (employment, investments, etc.)? (Building a complete picture of your income stream is essential for long-term planning.)
H3: Have you ever worked with a financial advisor before? What was your experience? (Understanding past experiences helps avoid repeating mistakes and build a stronger working relationship.)
Looking Ahead: Future Planning and Contingency (H2)
Financial planning isn't static; it evolves with life's changes. Expect your advisor to consider:
H3: What are your plans for retirement? (This covers retirement age, desired lifestyle, and potential income sources.)
H3: What are your plans for education funding (for yourself or your children)? (This encompasses potential savings and investment strategies for education costs.)
H3: How will you handle potential life events (marriage, divorce, job loss, illness)? (This involves creating contingency plans and strategies for unforeseen circumstances.)
H3: What is your succession plan for your assets? (This involves ensuring the smooth transition of assets to beneficiaries.)
H3: How do you plan to leave a legacy? (This is a broader question encompassing philanthropic goals and charitable giving.)
Conclusion
The questions a financial advisor asks are as important as the advice they provide. By understanding the types of questions outlined above, you can effectively evaluate potential advisors and ensure you're working with someone who prioritizes understanding your unique circumstances, goals, and aspirations. Remember, a strong financial advisor-client relationship is built on open communication and a collaborative approach to achieving your financial well-being. Choose wisely, and your future self will thank you.
FAQs
1. Q: How often should I meet with my financial advisor? A: The frequency of meetings varies based on individual needs and complexity of the financial plan. Quarterly or semi-annual meetings are common, but some clients may require more frequent consultations.
2. Q: What is the typical fee structure for financial advisors? A: Fee structures vary widely, including hourly rates, percentage of assets under management (AUM), and flat fees. It’s crucial to understand the fee structure upfront.
3. Q: How do I find a reputable financial advisor? A: Seek recommendations from trusted sources, check credentials and certifications (e.g., CFP, CFA), and thoroughly research their experience and background.
4. Q: What if I don't feel comfortable with my financial advisor? A: Your comfort level is essential. Don't hesitate to seek a second opinion or switch advisors if you feel uneasy or your needs aren't being met.
5. Q: Can I work with a financial advisor remotely? A: Yes, many financial advisors offer remote services through video conferencing and online portals, making it convenient to work with advisors across geographical boundaries.
| questions great financial advisors ask: What Your Financial Advisor Isn't Telling You Liz Davidson, 2016-01-05 Protect your money with this “accessible and practical” guide to hiring and working with financial advisors (Publishers Weekly, starred review). Hiring a trained expert to safeguard and grow your wealth seems like a foolproof decision, but it can go awry for many people. You should never blindly trust that your advisor has your best interests at heart—and while there are many benefits to working with a financial pro, there are some things you should know first. Drawing on her insider’s knowledge of how the financial advice profession really works, Liz Davidson shows how to judge whether an advisor is going to help or harm your savings. This no-nonsense guide covers questions such as: How should you decide if you really need an advisor? What financial moves can you make without their help? What important questions should you ask before trusting them with your money? What are the red flags you should run from? What does all their jargon really mean? Learn how to take control of your financial well-being—either with a financial advisor or without one. “This book is mandatory reading for anyone who wants a better understanding of how to manage their money.” —Mary Beth Franklin, InvestmentNews “Valuable tools for managing one’s personal finances for maximum results.” —Publishers Weekly, starred review |
| questions great financial advisors ask: Ineffective Habits of Financial Advisors (and the Disciplines to Break Them) Steve Moore, 2010-10-05 A how to guide to avoiding the mistakes ineffective financial advisors most often make Based on a 15-year consulting program that author Steve Moore has led for financial advisors, Ineffective Habits of Financial Advisors (and the Disciplines to Break Them): A Framework for Avoiding the Mistakes Everyone Else Makes details proven techniques which allow advisors to transform their business into an elite practice: business analysis, strategic vision, exceptional client service, and acquiring high net worth clients. Told through the story of a purely fictional and completely average financial advisor, each chapter begins with an ineffective habit that is then countered with a discipline that improves business results and adds value. The book Details a step-by-step strategy for working through current clients, rather than relying on cold calling to form new relationships Includes anecdotes collected through both personal experience and stories relayed to him by clients and colleagues Provides question and answer segments, examples, and homework assignments Ineffective Habits of Financial Advisors (and the Disciplines to Break Them shows you how to deliver exceptional service while generating higher revenue per client. |
| questions great financial advisors ask: The One-Page Financial Plan Carl Richards, 2015-03-31 A simple, effective way to transform your finances and your life from leading financial advisor and New York Times columnist Carl Richards Creating a financial plan can seem overwhelming, but the best plans aren't long or complicated. A great plan has nothing to do with the details of how to save and invest your money and everything to do with why you're doing it in the first place. Knowing what's important to you, you will be able to make better decisions in any market conditions. The One-Page Financial Plan will help you identify your values and goals. Carl Richard's simple steps will show you how to prioritize what you really want in life and figure out how to get there. 'In a world where financial advice is (often purposely) complicated and filled with jargon, Carl Richards distils what matters most into something that is easy and fun to read' Wall Street Journal 'Feeling tormented by your finances? Read this book. Now. The One-Page Financial Plan helps you identify what you truly want from life, get crystal clear about the financial position you are starting from today, and develop a simple, actionable plan to narrow the gap between the two' Manisha Thakor, CEO at MoneyZen Wealth Management Carl Richards is a certified financial planner and a columnist for the New York Times, where his weekly Sketch Guy column has run every Monday for over five years. He is also a columnist for Morningstar magazine and a contributor to Yahoo Finance. His first book, The Behavior Gap, was very well received, and his weekly newsletter has readers around the world. Richards is a popular keynote speaker and is the director of investor education for the BAM ALLIANCE. |
| questions great financial advisors ask: Storyselling for Financial Advisors Scott West, Mitch Anthony, 2000-01-12 Learn what makes a client trust you to be their financial advisor. Put the power of story telling into selling financial products. The authors explain the process of making these intuitive connections, then translate their findings into understandable and practical strategies that any financial professional can use. They present actual stories, including many by Warren Buffet, one of the greatest storysellers of all time. These actual stories can help financial pros tap into the gut reaction of different types of clients. the book also includes special topics on communicating to women, the 50+ market, and the affluent. |
| questions great financial advisors ask: The White Coat Investor James M. Dahle, 2014-01 Written by a practicing emergency physician, The White Coat Investor is a high-yield manual that specifically deals with the financial issues facing medical students, residents, physicians, dentists, and similar high-income professionals. Doctors are highly-educated and extensively trained at making difficult diagnoses and performing life saving procedures. However, they receive little to no training in business, personal finance, investing, insurance, taxes, estate planning, and asset protection. This book fills in the gaps and will teach you to use your high income to escape from your student loans, provide for your family, build wealth, and stop getting ripped off by unscrupulous financial professionals. Straight talk and clear explanations allow the book to be easily digested by a novice to the subject matter yet the book also contains advanced concepts specific to physicians you won't find in other financial books. This book will teach you how to: Graduate from medical school with as little debt as possible Escape from student loans within two to five years of residency graduation Purchase the right types and amounts of insurance Decide when to buy a house and how much to spend on it Learn to invest in a sensible, low-cost and effective manner with or without the assistance of an advisor Avoid investments which are designed to be sold, not bought Select advisors who give great service and advice at a fair price Become a millionaire within five to ten years of residency graduation Use a Backdoor Roth IRA and Stealth IRA to boost your retirement funds and decrease your taxes Protect your hard-won assets from professional and personal lawsuits Avoid estate taxes, avoid probate, and ensure your children and your money go where you want when you die Minimize your tax burden, keeping more of your hard-earned money Decide between an employee job and an independent contractor job Choose between sole proprietorship, Limited Liability Company, S Corporation, and C Corporation Take a look at the first pages of the book by clicking on the Look Inside feature Praise For The White Coat Investor Much of my financial planning practice is helping doctors to correct mistakes that reading this book would have avoided in the first place. - Allan S. Roth, MBA, CPA, CFP(R), Author of How a Second Grader Beats Wall Street Jim Dahle has done a lot of thinking about the peculiar financial problems facing physicians, and you, lucky reader, are about to reap the bounty of both his experience and his research. - William J. Bernstein, MD, Author of The Investor's Manifesto and seven other investing books This book should be in every career counselor's office and delivered with every medical degree. - Rick Van Ness, Author of Common Sense Investing The White Coat Investor provides an expert consult for your finances. I now feel confident I can be a millionaire at 40 without feeling like a jerk. - Joe Jones, DO Jim Dahle has done for physician financial illiteracy what penicillin did for neurosyphilis. - Dennis Bethel, MD An excellent practical personal finance guide for physicians in training and in practice from a non biased source we can actually trust. - Greg E Wilde, M.D Scroll up, click the buy button, and get started today! |
| questions great financial advisors ask: The Million-Dollar Financial Advisor David J. Mullen, Jr., 2009-11-02 Based on interviews with fifteen top financial advisors, each doing several million dollars’ worth of business every year, this priceless tool contains universal principles to guide both veteran and new financial professionals to immediate success. The Million-Dollar Financial Advisor distills these success principles into thirteen distinct step-by-step lessons that teach readers how to build and focus on client relationships, have a top advisor mindset, develop a long-term approach, and much more. The book also features two complete case studies, featuring a “best of the best” advisor whose incredible success showcases the power of all the book's principles working together in concert, and an account of a remarkable and inspiring career turn around that demonstrates it's never too late to reinvent yourself. Brimming with practical advice from author David J. Mullen and expert insights from his interview subjects, The Million-Dollar Financial Advisor equips any financial advisor to succeed-- regardless of market conditions. |
| questions great financial advisors ask: Smart Women Love Money Alice Finn, 2017-04-11 YOU ARE A SMART WOMAN, BUT DO YOU STILL: —Feel you’re too busy to invest your money? —Rely on someone else to deal? —Get bored by financial talk? —Think that investing is something only men do? —Worry you’re not smart enough? THINK AGAIN. Women have made strides in so many areas and yet we still have a blind spot when it comes to managing our money. Why? A myriad of factors cause women to earn less than men over a lifetime, making it all the more imperative that we make the money we do have work for us as much as possible. And here’s a reality check: as many as nine out of ten of us will have to manage our finances and those of our family at some point in our lives. And a lot of us think that means keeping our money “safe” in savings accounts, and not investing it. But not doing so has an opportunity cost that will lead to opportunities lost—the ability to pay for a college education, own a home, change careers to pursue a dream, or retire. Alice Finn wants to change how you think about your money, no matter how much or little you have. In Smart Women Love Money, Finn paves the way forward by showing you that the power of investing is the last frontier of feminism. Drawing on more than twenty years of experience as a successful wealth management adviser, Finn shares five simple and proven strategies for a woman at any stage of her life, whether starting a career, home raising children, or heading up a major corporation. Finn’s Five Life-changing Rules of Investing will secure your financial future: 1. Invest in Stocks for the Long Run: Get the magic of compounding working for you, starting now. 2. Allocate your Assets: Strategize your investing to get the most of your returns. 3. Implement with Index Funds: Take advantage of “passive” investing with simple, low-cost, and diverse funds. 4. Rebalance Regularly: Sell high and buy low without much effort, to keep you on track toward your goals. 5. Keep Your Fees Low: Uncover hidden fees so you don’t lose half of your wealth to Wall Street. Finn will also provide the tools you need to achieve long-term success no matter what the markets are doing or what the headlines say. So even in the face of uncertainty— such as the possible dumping of the fiduciary rule (requiring financial advisers to act in their client’s best interests) by the Trump administration—Smart Women Love Money will help you protect yourself and all of your assets for your future. Whether you have $10, $10,000, or more, it’s time to get smart about your money. |
| questions great financial advisors ask: Client Psychology CFP Board, 2018-02-21 A Client-Centered approach to Financial Planning Practice built by Research for Practitioners The second in the CFP Board Center for Financial Planning Series, Client Psychology explores the biases, behaviors, and perceptions that impact client decision-making and overall financial well-being. This book, written for practitioners, researchers, and educators, outlines the theory behind many of these areas while also explicitly stating how these related areas directly impact financial planning practice. Additionally, some chapters build an argument based solely upon theory while others will have exclusively practical applications. Defines an entirely new area of focus within financial planning practice and research: Client Psychology Serves as the essential reference for financial planners on client psychology Builds upon and expands the body of knowledge for financial planning Provides insight regarding the factors that impact client financial decision-making from a multidisciplinary approach If you’re a CFP® professional, researcher, financial advisor, or student pursuing a career in financial planning or financial services, this book deserves a prominent spot on your professional bookshelf. |
| questions great financial advisors ask: Sort Your Money Out Glen James, 2021-10-04 It's time to learn how to manage your money and understand investing In Sort Your Money Out: and Get Invested, former financial adviser and host of the my millennial money podcast Glen James shares a life-changing approach to the major milestones of your personal finances, such as dealing with debt, embracing a realistic spending plan that works, buying your first home, investing in shares and creating the plan you need for long-term financial success. You’ll get the accessible and friendly help you need to get smart with your money, and equip you with the skills and tools to understand and secure your financial future, invest in a property, in shares and in yourself. Written in a matter-of-fact style perfect for anyone who just wants to know what works for them, you’ll also learn about: Realistic ways to increase your income and help balance your budget The methods that lead to a safer, more stable financial future The smart way to invest in real estate and purchase a home or investment property How to understand the share market, ethical investing, and your superannuation Getting out of debt and getting the most out of your life Ideal for anyone trying to get a handle on their personal finances and get started building a portfolio, Sort Your Money Out is a one-of-a-kind must-read book filled with practical and entertaining financial help to make sense of an intimidating, but crucial, part of everyone’s lives. |
| questions great financial advisors ask: Financial Peace Dave Ramsey, 2002-01-01 Dave Ramsey explains those scriptural guidelines for handling money. |
| questions great financial advisors ask: The Bogleheads' Guide to Investing Taylor Larimore, Mel Lindauer, Michael LeBoeuf, 2006-04-20 Within this easy-to-use, need-to-know, no-frills guide to building financial well-being is advice for long-term wealth creation and happiness, without all the worries and fuss of stock pickers and day traders. |
| questions great financial advisors ask: The Safe Investor Timothy F. McCarthy, 2014-02-04 Investing information is everywhere; there are blogs, newspapers, magazines, and cable TV shows all dedicated to helping individuals invest in smarter and more successful ways. Yet despite all the efforts to educate the public on investing, most people still feel uncomfortable with how they should actually invest their money. Recent predictions about slowing economic growth, historically low interest rates, and volatile markets have investors scratching their heads about what to do with their money. And more than ever, people are scared about whether they can grow their money enough to last through their lifetime. Expert investor Timothy McCarthy has spent the last 30 years in the US and overseas providing investment solutions to individuals and their advisors. He believes that understanding how to create a truly globally diverse portfolio while applying the magic of time will help all investors navigate risky markets. McCarthy also explores the fundamentals of picking and evaluating financial advisors for those who want to understand the principles of investing but not actually do the work themselves. McCarthy helps guide the reader along a straightforward path to investment success by telling engaging and actual stories to illustrate each of his seven lessons of successful investing. The Safe Investor will help even those readers with little interest or aptitude for finance to be comfortable in knowing what to do to manage their life investment plan and how to manage their own advisors. |
| questions great financial advisors ask: How I Invest My Money Brian Portnoy, Joshua Brown, 2020-11-17 The world of investing normally sees experts telling us the 'right' way to manage our money. How often do these experts pull back the curtain and tell us how they invest their own money? Never. How I Invest My Money changes that. In this unprecedented collection, 25 financial experts share how they navigate markets with their own capital. In this honest rendering of how they invest, save, spend, give, and borrow, this group of portfolio managers, financial advisors, venture capitalists and other experts detail the 'how' and the 'why' of their investments. They share stories about their childhood, their families, the struggles they face and the aspirations they hold. Sometimes raw, always revealing, these stories detail the indelible relationship between our money and our values. Taken as a whole, these essays powerfully demonstrate that there is no single 'right' way to save, spend, and invest. We see a kaleidoscope of perspectives on stocks, bonds, real assets, funds, charity, and other means of achieving the life one desires. With engaging illustrations throughout by Carl Richards, How I Invest My Money inspires readers to think creatively about their financial decisions and how money figures in the broader quest for a contented life. With contributions from: Morgan Housel, Christine Benz, Brian Portnoy, Joshua Brown, Bob Seawright, Carolyn McClanahan, Tyrone Ross, Dasarte Yarnway, Nina O'Neal, Debbie Freeman, Shirl Penney, Ted Seides, Ashby Daniels, Blair duQuesnay, Leighann Miko, Perth Tolle, Josh Rogers, Jenny Harrington, Mike Underhill, Dan Egan, Howard Lindzon, Ryan Krueger, Lazetta Rainey Braxton, Rita Cheng, Alex Chalekian |
| questions great financial advisors ask: How to Connect in Business in 90 Seconds Or Less Nicholas Boothman, 2002 Persuade a client to buy what you're selling. Energize the boss to act on your ideas. Rally the staff to see themselves as members of your team. Based on the breakthrough idea of rapport by design, How to Connect in Business Shows how to mine the potential in every situation, from an accidental meeting at the water cooler to a brainstorming session to a formal presentation. |
| questions great financial advisors ask: The Millennial Money Fix Douglas Boneparth, Heather Boneparth, 2017-08-21 The world today comes with a list of challenges. Figuring out how to get your feet planted and get your finances on track should be easier, but we’re not always prepared with the best information despite the best education. Enter The Millennial Money Fix, a candid guide to understand how to handle your money with the obstacles of today. This book will get you through each step including: Identifying honest and realistic goals. Selecting and paying for a college or graduate program. Mastering cash flow to jumpstart your life. Navigating the job landscape to do what you love. Planning for marriage, babies, and all that gushy stuff. Redefining retirement as your ability to do what you want. |
| questions great financial advisors ask: She's on the Money: The award-winning #1 finance bestseller Victoria Devine, 2021-06-16 Winner of the ABIA General Non-fiction Book of the Year 2022 Winner of the Best Personal Finance & Investment Book of the Year at the 2021 Business Book Awards Through her phenomenally popular and award-winning podcast, She’s on the Money, Victoria Devine has built an empowered and supportive community of women finding their way to financial freedom. Honest, relatable, non-judgemental and motivating, Victoria is a financial adviser who knows what millennial life is really like and where we can get stuck with money stuff. (Did someone say ‘Afterpay’...?) So, to help you hit your money goals without skimping on brunch, she’s put all her expert advice into this accessible guide that will set you up for a healthy and happy future. Learn how to be more secure, independent and informed with your money – with clear steps on how to budget, clear debts, build savings, start investing, buy property and much more. And along with all the practical information, Victoria will guide you through the sometimes-tricky psychology surrounding money so you can establish the values, habits and confidence that will help you build your wealth long-term. Just like the podcast, the book is full of real-life money stories from members of the She’s on the Money community who candidly share their experiences, wins and lessons learned to inspire others to turn their stories around, too. And with templates and activities throughout, plus a twelve-month plan to get you started, you can immediately put Victoria’s recommendations into action in your own life. You are not alone on your financial journey, and with the money principles in this book you’ll go further than you ever thought possible. |
| questions great financial advisors ask: How to Make Your Money Last - Completely Updated for Planning Today Jane Bryant Quinn, 2020-01-07 NOW COMPLETELY UPDATED to reflect the changes in tax legislation, health insurance, and the new investment realities. In this “highly valuable resource” (Publishers Weekly, starred review) Quinn “provides simple, straightforward” (The New York Times) solutions to the universal retirement dilemma—how to make your limited savings last for life—covering mortgages, social security, income investing, annuities, and more! Will you run out of money in your older age? That’s the biggest worry for people newly retired or planning to retire. Fortunately, you don’t have to plan in the dark. Jane Bryant Quinn tells you how to squeeze a higher income from all your assets—including your social security account (get every dollar you’re entitled to), a pension (discover whether a lump sum or a lifetime monthly income will pay you more), your home equity (sell, rent, or take a reverse mortgage?), savings (how to use them safely to raise your monthly income), retirement accounts (invest the money for growth in ways that let you sleep at night), and—critically—how much of your savings you can afford to spend every year without running out. There are easy ways to figure all this out. Who knew? Quinn also shows you how to evaluate your real risks. If you stick with super-safe investment choices, your money might not last and your lifestyle might erode. The same might be true if you rely on traditional income investments. Quinn rethinks the meaning of “income investing,” by combining reliable cash flow during the early years of your retirement with low-risk growth investments, to provide extra money for your later years. Odds are, you’ll live longer than you might imagine, meaning that your savings will stretch for many more years than you might have planned for. With the help of this book, you can turn those retirement funds into a “homemade” paycheck that will last for life. |
| questions great financial advisors ask: Communication Essentials for Financial Planners John E. Grable, Joseph W. Goetz, 2017-02-02 Exploring the Human Element of Financial Planning Communication Essentials for Financial Planners tackles the counseling side of practice to help financial planners build more productive client relationships. CFP Board’s third book and first in the Financial Planning Series, Communication Essentials will help you learn how to relate to clients on a more fundamental level, and go beyond hearing their words to really listen and ultimately respond to what they're saying. Expert coverage of body language, active listening, linguistic signals, and more, all based upon academic theory. There is also an accompanied set of videos that showcase both good and bad communication and counseling within a financial planning context. By merging written and experiential learning supplemented by practice assignments, this book provides an ideal resource for any client-facing financial professional as well as any student on their pathway to CFP® certification. Counseling is a central part of a financial planner's practice, and attention to interpersonal communication goes a long way toward progressing in the field; this guide provides practical instruction on the proven techniques that make a good financial planner great. Build client relationships based on honesty and trust Learn to read body language and the words not spoken Master the art of active listening to help your clients feel heard Tailor your communications to suit the individual client's needs The modern financial planning practice is more than just mathematics and statistical analysis—at its heart, it is based on trust, communication, and commitment. While interpersonal skills have always been a critical ingredient for success, only recently has this aspect been given the weight it deserves with its incorporation into the certification process. Communication Essentials for Financial Planners provides gold-standard guidance for certification and beyond. |
| questions great financial advisors ask: The 5 Mistakes Every Investor Makes and How to Avoid Them Peter Mallouk, 2014-07-22 Identify mistakes standing in the way of investment success With so much at stake in investing and wealth management, investors cannot afford to keep repeating actions that could have serious negative consequences for their financial goals. The Five Mistakes Every Investor Makes and How to Avoid Them focuses on what investors do wrong so often so they can set themselves on the right path to success. In this comprehensive reference, readers learn to navigate the ever-changing variables and market dilemmas that often make investing a risky and daunting endeavor. Well-known and respected author Peter Mallouk shares useful investment techniques, discusses the importance of disciplined investment management, and pinpoints common, avoidable mistakes made by professional and everyday investors alike. Designed to provide a workable, sensible framework for investors, The Five Mistakes Every Investor Makes and How to Avoid Them encourages investors to refrain from certain negative actions, such as fighting the market, misunderstanding performance, and letting one's biases and emotions get in the way of investing success. Details the major mistakes made by professional and everyday investors Highlights the strategies and mindset necessary for navigating ever-changing variables and market dilemmas Includes useful investment techniques and discusses the importance of discipline in investment management A reliable resource for investors who want to make more informed choices, this book steers readers away from past investment errors and guides them in the right direction. |
| questions great financial advisors ask: Investing 101 Michele Cagan, 2016 Contains material adapted from The everything investing book, 3rd edition--Title page verso. |
| questions great financial advisors ask: Advice That Sticks Moira Somers, 2018-02-28 The advice is sound; the client seems eager; and then... nothing happens! Too often, this is the experience that financial professionals encounter in their daily work. When good recommendations go unimplemented, clients’ well-being is compromised, opportunities are lost, and the professional relationship grows strained. Advice that Sticks takes aim at the problem of financial non-adherence. Written by a neuropsychologist and financial change expert, this book examines the five main factors that determine whether a client will follow through with financial advice. Individual client psychology plays a role in non-adherence; so, too, do sociocultural and environmental factors, general advice characteristics, and specific challenges pertaining to the emotionally loaded domain of money. Perhaps most surprising, however, is the extent to which advice-givers themselves can foil implementation. A great deal of non-adherence is due to preventable mistakes made by financial professionals and their teams. The author integrates her extensive clinical and consulting experience with research findings from the fields of positive psychology, behavioural economics, neuroscience, and medicine. What emerges is a thoughtful, funny, but above all practical guide for anyone who makes a living providing financial advice. It will become an indispensable handbook for people working with clients across the wealth spectrum. |
| questions great financial advisors ask: The Index Card Helaine Olen, Harold Pollack, 2016-01-05 “The newbie investor will not find a better guide to personal finance.” —Burton Malkiel, author of A RANDOM WALK DOWN WALL STREET TV analysts and money managers would have you believe your finances are enormously complicated, and if you don’t follow their guidance, you’ll end up in the poorhouse. They’re wrong. When University of Chicago professor Harold Pollack interviewed Helaine Olen, an award-winning financial journalist and the author of the bestselling Pound Foolish, he made an offhand suggestion: everything you need to know about managing your money could fit on an index card. To prove his point, he grabbed a 4 x 6 card, scribbled down a list of rules, and posted a picture of the card online. The post went viral. Now, Pollack teams up with Olen to explain why the ten simple rules of the index card outperform more complicated financial strategies. Inside is an easy-to-follow action plan that works in good times and bad, giving you the tools, knowledge, and confidence to seize control of your financial life. |
| questions great financial advisors ask: The Value of Simple 2nd Ed. John Robertson, 2018-02-02 |
| questions great financial advisors ask: How to Hire (or Fire) Your Financial Advisor Ivan M. Illán, 2015-09-03 You've worked too hard for your money to let it be squandered by someone who only wants to line their own pockets with commissions. Ivan M. Illán, a longtime financial advisor to high net worth families, walks you through ten simple questions to ask your current advisor to determine if he or she should stay on the job, and so you can hire the best qualified person on the first try. Once you know what type of responses are best, you'll be able to - uncover hidden conflicts of interest; - determine what motivates an advisor; - evaluate an advisor's intelligence; and - develop a method to evaluate performance. While there are many benefits to having an expert manage money, it's essential to pick the right person to preserve and grow wealth. Get the critical guidance you need in How to Hire (or Fire) Your Financial Advisor. |
| questions great financial advisors ask: How to Give Financial Advice to Couples: Essential Skills for Balancing High-Net-Worth Clients' Needs Kathleen Burns Kingsbury, 2013-09-06 DISCOVER the SECRETS to ATTRACTING and RETAINING AFFLUENT COUPLES Fact: A startling 70 percent of widows fire the couple's financial advisor within one year of the death of their spouse--the main reason being that the advisor had failed to develop a trusting relationship with both partners. You can be the exception by developing the essential skills needed to be a couplefriendly advisor. And Kathleen Burns Kingsbury, a leading wealth psychology expert, shows you exactly how to develop these skills. How to Give Financial Advice to Couples teaches you how to avoid common traps like subtly siding with one member of the couple, failing to plan adequately with both partners, and sidestepping difficult financial conversations for fear of upsetting the wealth creator. A leading wealth psychology expert, Kathleen Burns Kingsbury reveals everything you need to know about the psychology of couples in order to serve them better. Along the way, she offers specific tips and techniques for managing the challenges inherent in advising traditional and nontraditional couples. Kingsbury reveals: The top myths about couples and money The five tenets of couple dynamics and how they unfold in your office Strategies for encouraging the nondominant partner to speak up in meetings Techniques for facilitating financial conversations and mediating differences Tips for empowering couples to raise financially intelligent children You'll learn how to develop and articulate your couple's philosophy to establish expertise and credibility, how your couple's mindset impacts your work, and how being a couple-friendly advisor will set you apart from the competition. This one-of-a-kind handbook is the key to unlocking the secrets to attracting and retaining high-net-worth couples now and after difficult life transitions. How to Give Financial Advice to Couples gives you the expert insight and proven tools for navigating the unique dynamics of two people planning for their financial future. Why do 70 percent of widows fire their financial advisor upon the passing of their husbands? Kathleen Burns Kingsbury provides the answer. Providing financial advice to couples is a primary skill that has been overlooked in this profession for too long. Whether or not you hearken to Kathleen’s insights will have a profound impact on your business, for better or for worse, for richer or for poorer. -- Mitch Anthony, author of The New RetireMentality A must-read text for financial advisors to help them build and grow their practices. Kingsbury's advice will transform the way you work with your coupled clients, making for more satisfying and prosperous advisory relationships. -- Eleanor Blayney, Consumer Advocate for CFP Board There are four things we were all taught never to talk about: Sex, Politics, Religion, and Money. When it comes to money, the one place where these conversations MUST happen is in your office. That's why you need to read this book--for its insights into how you can help couples start talking about money! -- Carl Richards, author of The Behavior Gap |
| questions great financial advisors ask: A Good Financial Advisor Will Tell You... Robert J. Luna, Jeremy A. Kisner, 2011-12 - Have you ever wondered why investments always seem to go down after you buy them? - Are you overwhelmed by the number and complexity of investment choices? - Do you have a plan to create lifetime income from your investments, while preserving your principal? - Are you unsure how to find a good financial advisor and what to expect from one? In A Good Financial Advisor Will Tell You, authors Jeremy Kisner, CFP and Robert Luna, CIMA answer these common concerns and reveal what people really need to know to make better financial and investment decisions. Rather than write another boring book that explains stocks and mutual funds, the authors explore behavioral finance-the reasons why people make investing mistakes-and they teach readers how to avoid doing the same. Countless people amass small fortunes during their lifetimes only to squander them through inadequate planning and poor investments. We are all familiar with the celebrities who have lost it all. What is not reported in the press is how many middle class millionaires also lose it all. And an even larger number of people do not lose it all but could have left a legacy for generations if they had made better financial decisions. Most investors do not fare well precisely because they are human. Human beings are hard-wired to make decisions with their hearts or intuitions and then justify those decisions with logic. Greed and fear rule the day, but a better way exists that will allow investors to avoid mistakes and enjoy greater wealth and retirement income. After reading this book you will be a more educated investor and a better consumer of financial services. |
| questions great financial advisors ask: Why Should I Choose You (in Seven Words Or Less)? Ian Chamandy, Ken Aber, 2015-04-07 How to answer the single most important question in business and life Why should I choose you? That’s the question every customer asks every single time he buys a car, picks a shampoo, or chooses a distributor, a brokerage house, an animal hospital or a hairbrush. Sometimes the question is spoken out loud; other times it’s subliminal. But the fact is that every product, service or decision is a choice. And often it’s a choice we make within seconds. Ian Chamandy and Ken Aber understand just how essential that choice is. Their Toronto-based consulting firm, Blueprint, helps businesses define their specific promise--the one thing that sets them apart from every other organization that does more or less the same thing--in seven words or less. Their blueprinting process has produced extraordinary results for organizations big and small, in all sorts of industries, in both the for profit and not-for-profit sectors, including construction firms, marketing/communications consultancies, boutique investment banks, and hospitals. Combining combines practical steps with case examples, Why Should I Choose You (in Seven Words or Less) will: give you confidence you never had before to lead into a bold new future make your employees more innovative and creative reveal revenue streams you never knew existed give your employees a newfound sense of purpose that motivates them to contribute at a higher level and help you sell faster and more easily because you will inspire, rather than try to convince, customers to buy |
| questions great financial advisors ask: The Geometry of Wealth Brian Portnoy, 2023-04-25 HOW DOES MONEY HELP IN CREATING A HAPPY LIFE? In The Geometry of Wealth, behavioral finance expert Brian Portnoy delivers an inspired answer based on the idea that wealth, truly defined, is funded contentment. It is the ability to underwrite a meaningful life. This stands in stark contrast to angling to become rich, which is usually an unsatisfying treadmill. At the heart of this groundbreaking perspective, Portnoy takes readers on a journey toward wealth, informed by disciplines ranging from ancient history to modern neuroscience. He contends that tackling the big questions about a joyful life and tending to financial decisions are complementary, not separate, tasks. These big questions include: • How is the human brain wired for two distinct experiences of happiness? And why can money “buy” one but not the other? • Why is being market savvy among the least important aspects of creating wealth but self-awareness among the most? • Can we strike a balance between pushing for more and being content with enough? This journey memorably contours along three basic shapes: A circle, triangle, and square help us visualize how we adapt to evolving circumstances, set clear priorities, and find empowerment in simplicity. In this accessible and entertaining book, Portnoy reveals that true wealth is achievable for many—including those who despair it is out of reach—but only in the context of a life in which purpose and practice are thoughtfully calibrated. |
| questions great financial advisors ask: The Pocket Guide to Sales for Financial Advisors Beverly D. Flaxington, 2014-10 Selling is as old as civilization itself. Put in the simplest of terms, selling is the exchange of goods and services for something of value. To financial advisors, however, the sale is often seen in a negative light, and many cringe at the word sell. Interestingly, the same advisors who shy away from the concept of selling are often those who find themselves selling every single day! Sometimes they're even participating in the selling process multiple times throughout the day--and they may not realize it. Asking for client referrals, developing strategic alliances, seeking and talking with new prospects are all obvious parts of the selling process, but selling happens every time you remind a client why it's a good choice to do business with you, too. The fact is that most CFAs(R), CFPs(R), CPAs, and other professionals did not obtain these titles because deep down they really wanted to be in sales. Most times, their interests tend more toward data, analysis, and more solitary orientations. Selling is probably the last thing those who entered these fields were thinking of doing. They may not have considered the people aspect of their chosen profession; the aspect that involves sales. For this reason, and some others, turning into a salesperson seems like a negative, degrading thing. Many advisors will conjure up the picture of the slimy used-car sales guy. It's time to recognize selling as the valuable activity that it is. It is a way to: Let people know who you are and what you do well. Get your message out to those who need it. Promote your planning process, wealth management services, or investment expertise. Use your relationship skills to close new business. Take your business to the next level. If you want to grow your business, the bottom line is that you--or someone on your team--need to sell, and to sell well. This book will offer guidance on how you can sell in a comfortable and effective manner. |
| questions great financial advisors ask: Risk Less and Prosper Zvi Bodie, Rachelle Taqqu, 2011-12-27 A practical guide to getting personal investing right Somewhere along the way, something has gone very wrong with the way individuals save and invest. Too often, households are drawn in by promotional suggestions masquerading as impartial investment advice. Consumers get saddled with more risk than they realize. Authors Zvi Bodie and Rachelle Taqqu understand the dilemma that today's investors face, and with Risk Less and Prosper they will help you find your financial footing. Written in an accessible style, this practical guide skillfully explains why personal investing is all about you—your goals, your values and your career path. It shows how to understand investment risk and choose the particular blend of risk and safety that is right for you. And it lays out several simple yet powerful ways for small investors to cast a reliable safety net to achieve their financial goals and truly prosper. Coauthors Bodie and Taqqu challenge the myth that all investments require risk, then highlight some important risks that families often disregard when deciding where to put their money. Later, they connect the dots between investment and investor, showing us all how to grasp our own investment risk profiles and how we may use these insights to make more fitting investment choices. Outlines a straightforward way to invest by aligning your investments with your goals and the risk levels you can bear Provides basic investment abc's for readers who are otherwise literate Lays out a simple, actionable plan for achieving your goals Explains the role of risk-free assets and investment insurance in assuring that you reach your most essential goals Contrary to popular belief, investing doesn't have to be complicated. You can build wealth without taking great risks. Risk Less and Prosper will show you how to make investment decisions that will make your financial life less stressful and more profitable. |
| questions great financial advisors ask: Get Wise to Your Advisor Steven D. Lockshin, 2013-09-03 The financial services world is changing. Technology is enabling an automated approach to investing that should bring down the cost of commodity services. No longer do you have to fund the lifestyle of a broker or advisor to have him tell you how to diversify or where to find the next investment that cannot be missed. This book will provide the tools for calculators that tell you most of what you need to know; from how much insurance you need to have to how you should diversify. The book will help readers with the following: Understand what you have Plan your long-term goals Start to save (maximizing your 401k) Reduce debt Run your Monte Carlo Simulation Determine the appropriate asset allocation Set up your auto-rebalancing and periodically (annually, perhaps) re-examining your asset allocation to account for globalization Deploy the asset mix through low cost, tax-efficient strategies Look at it once per year This book will provide a better understanding of your investment decisions. But, we all cannot be do-it-yourselfers. Advisors serve as an important resource for consumers when they are both capable and understand their duty to serve you, the customer, first. To complement their moral station, they must have the skills to deliver appropriate advice. The book, much like the company Steve founded, will simplify standards for consumers and audit advisors to those standards. |
| questions great financial advisors ask: The Smartest Portfolio You'll Ever Own Daniel R. Solin, 2012-09-04 Acclaimed and bestselling author Dan Solin shows you how to create a SuperSmart Portfolio that follows the same strategies used by the most sophisticated investment advisers in the world—but previously unavailable to most do-it-yourself investors. Providing the specific information and guidance lacking in most investment guides, Solin leaves nothing to chance in this accessible and thoughtful guide that will put you in control of your investment future. |
| questions great financial advisors ask: Is Your Financial Advisor Failing You? And How to Tell Kevin S. Gallagher, 2020-01-09 In today's environment of dizzying amounts of conflicting news and huge swings in the financial markets, more and more people are looking for personal guidance from Financial Advisors and Investment Managers. But how do you know if the one you're working with is truly competent and worth following? Author Kevin S. Gallagher is a former multi-million dollar stock exchange floor trader turned Financial Advisor who brings and insiders expertise to what to look for in choosing a Financial Advisor. Well beyond the all-to-familiar '5 questions you should ask a Financial Advisor', Mr. Gallagher tells it like it is and calls out the poor practices and salesmanship of today's Financial Salesmen. Simple to read and direct in its approach, 'Is Your Financial Advisor Failing You - And How To Tell' will arm you with everything you need to ensure that you work with only the best-of-the-best advisors, and of course, how to get away from the vast majority of advisors who are nothing short of just sales people. With the experience and belief that a competent Financial Advisor is absolutely worth their costs, Mr. Gallagher provides real life scenarios that will allow you to ferret out the worthy ones from those who you should be staying clear of. If you currently work with a Financial Advisor or Investment Manager - or if you are wondering if you should hire one - this book is a must read. |
| questions great financial advisors ask: The Barefoot Investor Scott Pape, 2019-06-12 ** Reviewed and updated for the 2020-2021 financial year** This is the only money guide you'll ever need That's a bold claim, given there are already thousands of finance books on the shelves. So what makes this one different? Well, you won't be overwhelmed with a bunch of 'tips' ... or a strict budget (that you won't follow). You'll get a step-by-step formula: open this account, then do this; call this person, and say this; invest money here, and not there. All with a glass of wine in your hand. This book will show you how to create an entire financial plan that is so simple you can sketch it on the back of a serviette ... and you'll be able to manage your money in 10 minutes a week. You'll also get the skinny on: Saving up a six-figure house deposit in 20 months Doubling your income using the 'Trapeze Strategy' Saving $78,173 on your mortgage and wiping out 7 years of payments Finding a financial advisor who won't rip you off Handing your kids (or grandkids) a $140,000 cheque on their 21st birthday Why you don't need $1 million to retire ... with the 'Donald Bradman Retirement Strategy' Sound too good to be true? It's not. This book is full of stories from everyday Aussies — single people, young families, empty nesters, retirees — who have applied the simple steps in this book and achieved amazing, life-changing results. And you're next. |
| questions great financial advisors ask: The Million-Dollar Financial Advisor Team David J. Mullen, Jr., 2018-08-21 Based on interviews with fifteen top financial advisors, this priceless toolkit contains universal principles to guide both veteran and new financial professionals to immediate success. This book features two complete case studies, featuring a “best of the best” advisor whose incredible success showcases the power of all the book's principles working together in concert, and an account of a remarkable and inspiring career turn around that demonstrates it's never too late to reinvent yourself. The Million-Dollar Financial Advisor distills these success principles into thirteen distinct step-by-step lessons that teaches you: how to build and focus on client relationships, have a top advisor mindset, develop a long-term approach, and much more. Brimming with practical advice from author David J. Mullen and expert insights from his interview subjects, The Million-Dollar Financial Advisor equips any financial advisor to succeed--regardless of market conditions. |
| questions great financial advisors ask: What the Happiest Retirees Know: 10 Habits for a Healthy, Secure, and Joyful Life Wes Moss, 2021-10-26 The bestselling author of You Can Retire Sooner Than You Think and host of Money Matters reveals the 10 essential habits for a rich, rewarding, and blissful retirement. What does it take to have a truly happy retirement? Is it money? A mortgage-free home? An active social life? A long-lasting marriage—or maybe a new one? Finance expert, author, and radio host Wes Moss asked more than 2,000 of the nation’s happiest retirees to find out—and their answers may surprise you. Through a series of revealing surveys, Moss noticed a pattern of distinct, recognizable habits that the happiest retirees shared, from the simplest of lifestyle choices to the smartest of financial strategies. These are the kinds of habits anyone can develop—the perfect road map to a healthy, secure, and joyful retirement—sooner. Whether you’re already retired or just starting to make plans, these 10 simple actions and attitudes can make a profound difference in every aspect of your life. The book is packed with hard-won wisdom and invaluable advice on how to make little changes now that will have the biggest impact later. It’s filled with proven ways to develop smarter habits with: Money (“Think river, not reservoir”); Family (“Get your kids off your payroll”); Housing (“Live mortgage-free”); Investing (“Be a tomorrow investor”); Spending (“Be pound wise—so you can be penny foolish”); and much more. With these 10 transformational habits, you can stop obsessing over money, stay socially connected, and start enjoying your new life—as the happiest retiree on the block. |
| questions great financial advisors ask: Financial Therapy Bradley T. Klontz, Sonya L. Britt, Kristy L. Archuleta, 2014-09-10 Money-related stress dates as far back as concepts of money itself. Formerly it may have waxed and waned in tune with the economy, but today more individuals are experiencing financial mental anguish and self-destructive behavior regardless of bull or bear markets, recessions or boom periods. From a fringe area of psychology, financial therapy has emerged to meet increasingly salient concerns. Financial Therapy is the first full-length guide to the field, bridging theory, practical methods, and a growing cross-disciplinary evidence base to create a framework for improving this crucial aspect of clients' lives. Its contributors identify money-based disorders such as compulsive buying, financial hoarding, and workaholism, and analyze typical early experiences and the resulting mental constructs (money scripts) that drive toxic relationships with money. Clearly relating financial stability to larger therapeutic goals, therapists from varied perspectives offer practical tools for assessment and intervention, advise on cultural and ethical considerations, and provide instructive case studies. A diverse palette of research-based and practice-based models meets monetary mental health issues with well-known treatment approaches, among them: Cognitive-behavioral and solution-focused therapies. Collaborative relationship models. Experiential approaches. Psychodynamic financial therapy. Feminist and humanistic approaches. Stages of change and motivational interviewing in financial therapy. A text that serves to introduce and define the field as well as plan for its future, Financial Therapy is an important investment for professionals in psychotherapy and counseling, family therapy, financial planning, and social policy. |
| questions great financial advisors ask: Ask Daniel R. Solin, 2020-10-08 Do you want a tried and tested way to engage anyone? do you want to learn how to turn an argument into an opportunity? Do you want more meaningful relationships with your colleagues, your clients, your spouse, your children, your friends? In his book, Dan Solin shows you how to make deeper connections with everyone. |
| questions great financial advisors ask: Simple Money Tim Maurer, 2016-02-23 When it comes to money management, most of us take a hands-off approach because we're just not confident that we have the know-how needed. But personal finance is actually more personal than it is finance. Tim Maurer has made a career out of distilling complex financial concepts into understandable, doable actions. In this eminently practical book, he shows readers how to - better understand their values and goals in order to simplify their money decisions - budget major expenses intelligently - reduce and eliminate debt - make vital decisions on home, auto, and life insurance - establish a world-class investment portfolio - craft a workable retirement plan - and more Readers will be relieved to see that managing their money is actually not as complicated as they thought--and that they can take control of their financial future starting today. |
| questions great financial advisors ask: Rock Retirement Roger Whitney, 2017-10-03 “A guide for planning that rich season of life, based not just on money, but also on how to create meaningful relationships, memories, and legacy.” —Dan Miller, author of 48 Days to the Work You Love Rock Retirement offers inspirational advice on how to enjoy the journey to retirement to its fullest. Traditional retirement advice usually boils down to saving more, sacrificing more, and settling for less. This approach makes people dependent on systems outside their control, such as the market, economy, and investment returns. The result: people lose power over determining their life. What sets Rock Retirement apart is its holistic approach to helping people take back control and act intentionally towards the life they want. It addresses the fears, hopes, and dreams that people have about retirement, goes way beyond the numbers, and shows them how to balance living well today and tomorrow. “Too many books think retirement is just about finances. Instead, retirement is about looking at life in full and working out what it is you want to do and then turning to finances to make it happen. That’s exactly the focus of the practical and helpful guide.” —Andrew Scott, coauthor of The 100-Year Life “Roger Whitney lays out a plan for today’s modern retiree. If you are exhausted with being fed that retirement is the end game of life, then Roger’s book is a must-read!” —Darryl W. Lyons, author of 18 to 80 “If you’re dreaming of a retirement free of worry, chao and confusion, Rock Retirement will give you the clarity, a solid plan and fresh inspiration to help you get where you want to go.” —Jevonnah “Lady J” Ellison, author of Love Letters for Leading Ladies |
7 Questions Clients Wish Their Financial Advisors Would Ask
Mar 7, 2019 · 1. GOOD QUESTIONS SPUR GOOD CONVERSATION. There are three broad elements of facilitating a better wealth experience for clients: • Ask open questions. Avoid yes …
eMoney Advisor60 Great Questions…
Here are 60 questions that will help you uncover what truly motivates your Client. There are two reasons why you want to learn what truly motivates your Client: (1) So you can design a plan …
Financial Advisor Questions To Ask Clients (PDF)
David Richman have compiled the questions great advisors ask that lead to the probing and personal conversations necessary to diagnose and understand clients and potential clients …
Questions to Ask a Financial Advisor at Your First Meeting
This guide will walk you through some questions to ask potential advisors so you know what to look for and how to choose a quality nancial advisor. Even if you’re just starting to invest, …
The Financial Advisor Questionnaire - Brighthouse Financial
Financial advisors and finance experts provided their take on the questions you should ask yourself and your potential/ current financial advisor at each stage of the process.
CHOOSING A CFP® PROFESSIONAL Questions to Ask
The following questions are recommended by the Financial Planning Association® (FPA®). Each will help you better understand a financial planner’s background, knowledge, experience, and …
21 Questions to Ask Financial Advisors - highviewfin.com
Oct 21, 2019 · with a Financial Advisor, there are two broad groups of questions that need to be answered: Credibility: Are you who you say you are and are you qualified to do it? …
20 Tough Questions to Ask your Financial Advisor - FMG
1. Why are you an advisor and why do you work here? 2. Please show me an example of how I will be charge charged on regular account statements and invoices. How can I know what my …
Ten Questions to Ask a Financial Advisor - moneylp.com
How an advisor answers these 10 Questions, will give you a better sense of compatibility—both personally and financially. After each question, I’ve included guidance on what to listen for …
Four Questions To Ask Your Financial Advisor - Learning Hub
Nov 29, 2016 · Financial advisors come in all shapes and sizes and can offer different types of financial planning and investment advice. Not sure how to best evaluate and choose an …
Questions To Ask A Financial Advisor In An Interview Full PDF
Alan Parisse and David Richman have compiled the questions great advisors ask that lead to the probing and personal conversations necessary to diagnose and understand clients and …
Questions To Ask A Financial Advisor In An Interview [PDF]
Questions Great Financial Advisors Ask... and Investors Need to Know Alan Parisse,David Richman,2016-09 A financial advisor recounts an interview with a recently retired physician …
10 Questions to Ask a Financial Advisor About Your Retirement
A Financial Advisor can help understand your goals, establish a strategy, and define a plan to help you achieve the future you envision. And for other ways to find balance, take a look at our …
Best questions to ask a wealth manager - Pension & Wealth …
Best questions to ask a wealth manager 1 One of the first steps to choosing the right manager for your wealth is knowing the right questions to ask. And knowing the right answers to see if they …
Questions Great Financial Advisors Ask (book)
This blog post dives deep into the insightful, probing questions great financial advisors ask their clients, providing you with a framework to evaluate potential advisors and ultimately, build a …
QUESTION #180: Do you know what you should do?
Questions Great Financial Advisors Ask… …is about learning what it takes to advise clients, based on an in-depth understanding of their wiring, risk tolerance and vision for the future. Ask …
GETTING STARTED: QUESTIONS TO ASK AN ADVISOR
The following are a few questions you should ask a potential advisor before you start working with them to make sure he or she is a good fit, will meet your needs and is someone you will be …
Top Questions for a Financial Advisor Client Survey - eMoney …
Financial professionals can choose from the lists of questions below to develop a survey that will help you gain valuable client feedback to inform your client experience. These questions …
Questions to ask when choosing a financial adviser
The adviser should ask about your financial goals and investment objectives. Are you mainly looking for safety, income or long-term growth? Are you saving for something specific, like …
7 Questions Clients Wish Their Financial Advisors Would …
Mar 7, 2019 · 1. GOOD QUESTIONS SPUR GOOD CONVERSATION. There are three broad elements of facilitating a better wealth experience for clients: • Ask open questions. Avoid yes and no questions as much as possible. Don’t . be afraid to dig a little deeper by asking “why do you feel that way?” • Get personal.
eMoney Advisor60 Great Questions…
Here are 60 questions that will help you uncover what truly motivates your Client. There are two reasons why you want to learn what truly motivates your Client: (1) So you can design a plan that meets your Client’s deepest needs; (2) So you can use this information to motivate your Client to implement your recommendations. Read all 60 questions.
Financial Advisor Questions To Ask Clients (PDF)
David Richman have compiled the questions great advisors ask that lead to the probing and personal conversations necessary to diagnose and understand clients and potential clients deep seated feelings about money That s how great advisors help
Questions to Ask a Financial Advisor at Your First Meeting
This guide will walk you through some questions to ask potential advisors so you know what to look for and how to choose a quality nancial advisor. Even if you’re just starting to invest, you’re the best judge of the type of person you want to work with to reach your wealth-building goals.
The Financial Advisor Questionnaire - Brighthouse Financial
Financial advisors and finance experts provided their take on the questions you should ask yourself and your potential/ current financial advisor at each stage of the process.
CHOOSING A CFP® PROFESSIONAL Questions to Ask
The following questions are recommended by the Financial Planning Association® (FPA®). Each will help you better understand a financial planner’s background, knowledge, experience, and competency. When you’re ready, be sure to visit PlannerSearch.org to begin your search for your financial planner. DESIGNAtIONS AND LICENSES 1.
21 Questions to Ask Financial Advisors - highviewfin.com
Oct 21, 2019 · with a Financial Advisor, there are two broad groups of questions that need to be answered: Credibility: Are you who you say you are and are you qualified to do it? Competency: Are you good at what you do and will you help us accomplish our financial goals?
20 Tough Questions to Ask your Financial Advisor - FMG
1. Why are you an advisor and why do you work here? 2. Please show me an example of how I will be charge charged on regular account statements and invoices. How can I know what my “all-in” costs i.e. internal fund fees, advisory and ancillary charges such as trading costs, will be? 3. Who owns the firm? 4.
Ten Questions to Ask a Financial Advisor - moneylp.com
How an advisor answers these 10 Questions, will give you a better sense of compatibility—both personally and financially. After each question, I’ve included guidance on what to listen for (Preferred Answers), as well as general context
Four Questions To Ask Your Financial Advisor - Learning Hub
Nov 29, 2016 · Financial advisors come in all shapes and sizes and can offer different types of financial planning and investment advice. Not sure how to best evaluate and choose an advisor? Consider asking them the following four questions before you engage:
Questions To Ask A Financial Advisor In An Interview Full PDF
Alan Parisse and David Richman have compiled the questions great advisors ask that lead to the probing and personal conversations necessary to diagnose and understand clients and potential clients deep seated feelings about money That s
Questions To Ask A Financial Advisor In An Interview [PDF]
Questions Great Financial Advisors Ask... and Investors Need to Know Alan Parisse,David Richman,2016-09 A financial advisor recounts an interview with a recently retired physician who planned an enjoyable and costly retirement The doctor
10 Questions to Ask a Financial Advisor About Your Retirement
A Financial Advisor can help understand your goals, establish a strategy, and define a plan to help you achieve the future you envision. And for other ways to find balance, take a look at our helpful guide: How to Save for Retirement Without Sacrificing the Present.
Best questions to ask a wealth manager - Pension & Wealth …
Best questions to ask a wealth manager 1 One of the first steps to choosing the right manager for your wealth is knowing the right questions to ask. And knowing the right answers to see if they measure up to your financial goals. CFA Institute Best uestions to Ask a Wealth Manager ™
Questions Great Financial Advisors Ask (book)
This blog post dives deep into the insightful, probing questions great financial advisors ask their clients, providing you with a framework to evaluate potential advisors and ultimately, build a stronger financial future.
QUESTION #180: Do you know what you should do?
Questions Great Financial Advisors Ask… …is about learning what it takes to advise clients, based on an in-depth understanding of their wiring, risk tolerance and vision for the future. Ask the right questions and gain clients for life. Can’t wait for the keynote? Try a podcast!
GETTING STARTED: QUESTIONS TO ASK AN ADVISOR
The following are a few questions you should ask a potential advisor before you start working with them to make sure he or she is a good fit, will meet your needs and is someone you will be comfortable working with.
Top Questions for a Financial Advisor Client Survey
Financial professionals can choose from the lists of questions below to develop a survey that will help you gain valuable client feedback to inform your client experience. These questions provide a continuum to measure attitudes and perceptions of the client experience.
Questions to ask when choosing a financial adviser
The adviser should ask about your financial goals and investment objectives. Are you mainly looking for safety, income or long-term growth? Are you saving for something specific, like retirement? The adviser will also ask about your financial situation, investment knowledge and experience, and risk tolerance. This information may seem personal,
