10 Questions

10 Questions You Should Ask your Financial Advisor

  1. How long have you been in business?
  2. Do you offer any proprietary products?
  3. Do you have any production quotas?
  4. Do you get paid more on some products?  Less on others?
  5. How do you get paid?
  6. How often can I expect to hear from you?
  7. Have you ever had a grievance filed against you?
  8. How do you manage your own money?
  9. Where do you get your information?
  10. Anything you want to know, you should feel free to ask…

Keep in mind: you are hiring someone to manage your nest egg.  You’re the boss.  Ask them anything you want to know, and if the Advisor gets upset, that’s your cue to get up and leave.

Doug is a financial advisor with LPL Financial.