3 critical questions to ask your financial advisor.

With the volatility in today’s markets and the huge number of choices available in equities and mutual funds, it’s almost impossible for us to securely and profitably manage our own investments. But choosing the right financial advisor isn’t easy either. Here are three questions to help you make the right choice.

1. What’s your experience / qualifications? Look for someone who’s been around long enough to have seen both ups and downs in the market. Insist on education and experience in actual planning, not just sales. A safe bet is someone with the Certified Financial Planner (CFP) designation.
2. What’s your investing philosophy? Look for someone who believes in diversification, is sensitive to your risk tolerance, and invests for the long term. A good advisor should be willing to educate you about the process and help you understand the reasoning behind the various choices.
3. How are you paid? Most advisors earn their living either from commissions paid by fund companies or from fees paid by you. The downside of commission-based advisors is that their recommendations may not be totally unbiased. But paying a fee for each transaction can be more expensive over the long term.

If you’d like help choosing a financial advisor, I can recommend one of my trusted local contacts who’d be happy to provide a complimentary analysis of your investment needs.

Kupina Mortgage Team  |  www.KupinaMortgage.com