What are the key questions I should ask a potential investment advisor?
The key questions that you want to ask a potential investment advisor are regarding their licenses; who are they licensed by, how are they licensed. You also want to ask them about their experience, their education, how they’re compensated, if they have any conflicts of interest relative to providing you advice, and who they may work with. Ask for a copy of their ADV, and find out if they are a fiduciary, meaning if they are going to take a legal responsibility to put your needs ahead of their own. You also want to say ask if they’ve ever been disciplined at all, meaning id there have been complaints filed against them, if they’ve ever lost their license, if their license has been suspended. Really, you just want to make sure that someone is properly licensed to work with you and there haven’t been complaints filed against them or other issues that are going to put them in question, relative to their integrity as well as quality of work that they might do for you.
