When it comes to your financial assets, you can never be too careful. That’s why many people turn to financial advisors when it comes to their financial advice. However, if you’ve never had experience searching for a financial advisor before, it might seem a little overwhelming at first. That’s why the team of experts from Desjardins Financial Security Independent Network is here to offer some assistance.
Here are five questions to ask financial advisors when you’re in need of financial advice!
- What Are Your Qualifications?
When it comes to your financial assets, making sure your wealth management advisor is qualified is essential. They’ll be handling your investments and providing key financial advice, so making sure they’re up to the task is important. Ask what their specific qualifications are, what type of experience and training they’ve had, and whether they bear any certifications to back up their claims of being an expert.
- What Asset Allocations will You Use?
You’ve likely heard the term ‘diversified’ when it comes to wealth management. This means spreading your wealth over various areas of wise investments to generate the most stable financial returns. Ask potential financial advisors how they go about choosing the areas where they’ll allocate your assets and why it will benefit you.
- Do You Work with a Brokerage?
There are a lot of wealth management advisors out there who are self-employed, meaning they don’t work as an employee or contractor of a brokerage. Although some might have your best interests in mind, hiring a financial advisor that works directly through a firm is the best way to ensure that your assets remain protected, as they’ll have very strict guidelines to follow.
- Who are Your Typical Clients?
Asking a financial advisor who their typical clients are is an important question because, ultimately, you want to select one that’s familiar with your financial situation. Choosing an advisor that has helped others like yourself reach their financial goals is the best way to ensure success!
- How Will Our Relationship Work?
Understanding how your relationship will work with the financial advisor you choose is extremely important; after all, they’ll be responsible for your financial assets. Choosing one that is committed to clear lines of communication and being available in emergencies will give you the peace of mind that you’ve chosen a professional committed to your financial well-being.
Contact us for your wealth management services today!
Do you want to ensure all of your assets remain protected and have a chance to grow? Contact Desjardins Financial Security Independent Network and we’ll tell you how we can help you make it happen. Visit us online for a quote or call (416) 695-1433.
