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3 Questions You Should Ask Any Financial Advisor

7/27/2013

1 Comment

 
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Q. What questions should I ask my financial adviser?

A.
When you open a new account with a financial adviser, you will typically receive a stack of documents that explain, among other details, how the adviser gets paid.  


But it seems few people understand this information.

A recent study by research firm Cerulli Associates found that investors, when asked what pay model their financial adviser uses, rarely knew.  One-third of those surveyed said they weren't sure how they paid for the advice they received, and 29% said the services were free, which is rarely the case.

In my opinion, you should ask the following three question to any financial adviser you are meeting with:


1. How are you registered?

The distinction in how advisers are paid could affect the advice they give you. Regulations require financial advisers who charge commissions to make sure a product is appropriate for an investor before selling it; fee-only advisers are paid only by their clients, which means they have no incentive to sell you particular financial products.

2. What am I paying you and your firm directly?

3. What payments are built into the products I may buy from you?



1 Comment
cheap gst registration link
12/21/2020 01:57:45 am

Apply GST registration online. One of our GST Experts will call you and clarify all your doubts. And then we will get your Online GST Registration done. We are no. 1 GST number online registration

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