How to Assess a Financial Advisor’s Priorities
How can I tell whether a financial advisor will serve my best interest?
Ideally, all financial advisors behave in a client-first manner. Unfortunately, with sales quotas and undisclosed fees, this may not always be the case. Below are points to consider when assessing a financial advisor’s priorities.
- Are their recommendations tailored to your specific goals and objectives, or are they “one-size fits all” strategies?
- Are they independent, or do they sell only in-house products?
- Are they transparent about their compensation? “No fee” investments do not exist.
- Do they have a process for regularly updating your financial plan and tracking your progress?
If you feel you may not be receiving client-first unbiased financial advice, or would simply like a second opinion, please contact me for a complimentary review of your portfolio.
Tanya Wilson, BBA, CFP, FCSI, CIM
Portfolio Manager & Certified Financial Advisor