10 Questions for a Financial Advisor*

Choosing the right financial manager is by far the most important investment decision you will make. Depending on your financial needs, it is imperative that you find answers to some important questions, from your financial manager. Given below are some should-be-asked questions.

  1. What services do you offer and what are your areas of specialization i.e. do you specialize in retirement planning, investment planning, tax planning, estate planning, insurance planning or any others?
  2. How many years of experience do you have in offering financial planning advice? Presently, how many clients do you have? Describe your work history in the past five years.
  3. What are your educational qualifications and what subject(s) have you specialized in?
  4. Can you explain financial jargons in simple terms that I can understand? Can you also explain your investment approach and philosophy in simple terms?
  5. Where is your own money invested? Explain the reason why you chose those kinds of investments.
  6. What do you charge for your services? Do you work on a fee-only basis or a brokerage commission basis? Why?
  7. How often do you meet your clients? Can you meet me once in three months? How receptive will you be to my queries that may arise at any time?
  8. From what sources do you get new investment ideas? How do you keep abreast of the market trends and swings?
  9. Based on my needs and limitations, how do you plan to invest my money? Why do you select those specific investments?
  10. Have you ever filed for bankruptcy? Do you have any disciplinary action or complaints registered against you?

Always check your financial manager's track record and client satisfaction level. Never go merely by his/her words. Remember that selecting your financial manager is much like selecting your doctor. If you want the 'sound health' of your finances, select the right manager. Never be afraid to ask questions and clear any doubt you might have, as finally it's all about your money and your future.*

*Paladin Registry, on the Internet at (December 21, 2009)

All written content on this site is for information purposes only. Opinions expressed herein are solely those of Johnson Capital Management, LLC, a Registered Investment Advisor in the State of Minnesota. Material presented is believed to be from reliable sources, however, we make no representations as to its accuracy or completeness. All information and ideas should be discussed in detail with your individual adviser prior to implementation. The presence of this website shall in no way be construed or interpreted as a solicitation to sell or offer to sell investment advisory services to any residents of any State other than the State of Minnesota or where otherwise legally permitted.

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