Question 1

Who Needs A Financial Advisor?

Accepted Answer

Starting a pension.
Saving for / buying a home.
Investing.
Marriage / starting a family.
Making a significant career change.
Starting or running a business.
Planning for retirement.
Taking an income in retirement.

Question 2

Are Financial Advisors Trustworthy?

Accepted Answer

An advisor who believes in having a long-term relationship with you—and not merely a series of commission-generating transactions—can be considered trustworthy.

Question 3

What To Do Before Hiring A Financial Planner?

Accepted Answer

What Are Your Credentials?
Are You a Fiduciary?
How Do You Get Paid?
What Services Do You Provide?
What's Your Investment Philosophy?
How Will You Pick Investments for Me?
What Benchmarks Do You Use?
Who Is Your Custodian?

Question 4

How Do I Know If My Financial Advisor Is Good?

Accepted Answer

They work with you.
They take a holistic view of your finances.
They develop and customise your investment strategy.
They have the support of an investment team.
There is a lack of transparency.

Question 5

How Are Financial Advisors Paid?

Accepted Answer

In the financial world, advisors and planners are compensated in two basic ways: by earning flat fees or commissions. For example, a fee-only financial advisor is paid a set rate for their services rather than paid by commission on the products they sell or trade.

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