When looking to find the right financial advisor, it’s important to interview several, equipped with the right questions. Here are the top 5 questions you should be asking before hiring a financial advisor.
If a financial advisor is a fiduciary, they adhere to standards to work in your best interest. For example, financial advisors who have earned the Certified Financial Planner (CFP) designation agree to always act in their client’s best interests.
Another role of a fiduciary is to limit or be transparent about any conflicts of interest that may arise. Conflicts of interest may affect the quality of work the advisor can provide and create unnecessary stress.