ARE YOU ASKING THE RIGHT QUESTIONS?

1.       Is my advisor a fee-only (only receives fees from clients) or fee-based (receives fees and commissions from companies – broker dealer, insurance company or bank - they represent)?

2.       Do I understand my advisor’s conflicts in providing advice in my best interest?

3.       Do I receive financial planning advice and not just investment advice, on an ongoing basis and not sporadically or when my advisor wants to sell me a product?

4.       Do I understand that my advisor should first and foremost act in my best interest and my working with them not be primarily based on a personal relationship?

5.       Would I accept conflicts of interest in other professional service providers such as my doctor, accountant or attorney and do I understand what these conflicts may be costing me?