Questions to Ask a Financial Planner
Updated: Jul 19, 2019
I got these questions from a recent issue of Money magazine and thought they were really great and pointed when working with a Financial Planner.
• This new fund you are suggesting I invest in, how long have you been selling it? You want them to answer more than 3 weeks and at least one year.
• How much will you make on the deal? If they say nothing, that is not true. They are always getting paid.
• Is there a less expensive way to pay for your help?
• Are there any good funds you can not sell me? I had a colleague at an investment bank that told me she loved Vanguard mutual funds but could not sell them. I appreciated her honesty.
• Why do I need to replace my current investments with this new one?
• What are the tax consequences of selling this old fund at a profit? If they answer, go ask your accountant, they are not really doing the best job.
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