What to ask your financial advisor

Posted by: Greg@Bicycle, Monday, Jul 10, 2017

According to a recent survey, almost three out of four people say they’re afraid to speak with a financial advisor. Yet having a constructive conversation about money could be just what’s needed to get on solid financial footing.


Here are a few questions to help break the ice – and to determine whether you and your advisor are a good match. Remember, you are the paying customer. Be sure you know what you’re buying and how much it will cost.


  1. What are your qualifications? (Look for the Certified Financial Planner (CFP) distinction.)
  2. Are you a fiduciary? (This means he or she is legally obligated to act in your best interest.)
  3. How do you get paid? Do you make money on the products you sell?
  4. How much experience do you have with clients my age, and with my circumstances?
  5. What is your investment philosophy?

Ready to move forward? Check out more suggestions on selecting and screening a financial advisor.