Mar 8, 2019
Choosing an advisor can be a challenging task. We'll give you
four questions you should be asking as you're interviewing
What You'll Learn:
Are You Interviewing Your Advisor?
- As you're looking for an advisor, approach each candidate as an
employer would a job prospect. After all, you're interviewing them
to discover whether they're a good fit for your needs. You need to
relationship and get to know them before agreeing to work with
4:11 - Determine How Your Advisor Gets
- As you're interviewing a potential advisor, or even your
current advisor, it's perfectly acceptable to ask them how they're
getting paid. Certain services require fees, and others generate
commissions. Regardless, you need to know how much you'll be
charged for your advisor's services.
Who Is Your Advisor's Ideal Client?
- This is an important question to ask during the interviewing
process. You want to find an advisor who primarily works with
people like you, as they'll be better suited to meet your
7:43 - What's Your Advisor's Specialty?
- There are all sorts of doctors out there, and they each provide
a unique type of service. Similarly, there are different types of
advisors. Some might work specifically with business owners, while
others might only focus on medical professionals. Your advisor's
specialty will help you determine whether they're a good fit for
8:45 - Ask Your Advisor Whether They'll Be Working With
- Some advisory firms have large teams, and while the principal
advisor might be the face of the business, they usually have
several advisors working under them. You need to know exactly who
will be working with you each time you visit their office.
13:28 - A Quick Game Of Trivia.
- John quizzes Joel on how long the average human being spends
waiting on a red light over the course of a lifetime.
13:57 - June Asks Joel Whether She Should Move The Money
In Her TSP.
- June is a federal employee, and she has a Thrift Savings
Plan (TSP). She's retiring next year, and she writes into the
Mailbag asking Joel what to do with the money invested in that
A Question About Stock Market Growth.
- Fred writes into the Mailbag. He wants to know whether we can
expect two or three more years of stock market growth.
18:35 - Rita Wants To Know Why She Needs An
- She's 61 years old, and she's never worked with an advisor
before. She wants to know why she would need to start working with
"Before working with an advisor, interview them. Get to know
their personality, their practice, and their expertise on financial
matters." - Money Wisdom
ScheduleYour Money Map Review: http://retire.johnsonbrunetti.com/contactjohnsonbrunetti
For further exploration of this topic and additional resources,
check out our blog here: https://johnsonbrunetti.com/four-questions-to-ask-when-interviewing-an-advisor/