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Important questions to be asked while selecting an investment advisor

Selecting an investment advisor firm can be quite a changeling process. As there are, hundreds of investment service firm which offers investment and financial related services for the people. And also the advisor comes into different kinds and types, which makes this process even more complicated and tiresome for many people. For more details, visit https://sproutadvisers.com/

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Important questions to be asked while selecting an investment advisor

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  1. Important questions to be asked while selecting an investment advisor

  2. Introduction Question 1- 2 Question 3-4 Question 5 Question 6-7

  3. Introduction Selecting an investment advisor firm can be quite a changeling process. As there are, hundreds of investment service firm which offers investment and financial related services for the people. And also the advisor comes into different kinds and types, which makes this process even more complicated and tiresome for many people. 02

  4. 1. Ask about their compensation criteria for their service. Whether it is a fee-based or a commission-based fee structure? Fee-based services can be paid the flat fee for the overall service they provide and whereas commission-based services are paid based on the percentage of the product they sell and you purchase. 2. Check about the flexibility of their service. Are they are tied to investments, products, and services from a single company or the wealth manager works for various companies? These options will provide you with different options to own a one company’s option or can mix and match the products if you want. Question 1-2

  5. 3. Does the advisor work with fiduciary liability? This is very important as an RIA (Registered Investment Advisors) has the fiduciary responsibility to provide the best service and advice suitable for the client's condition rather than their own. 4. Who manages the firm's portfolio of assets? Does the firm do it directly, or is there a middleman is involved? How often are your assets? Question 3-4

  6. 5. How often will the advisor meet with you? This is also very important to know in which manner the firm and advisor work with you. Does he will call to discuss or we have to call them? How often they will ask about the portfolio, review the current financial status and even the changes required to be done.

  7. 6. Ask about the communication means between you and the firm. When the advisor will attend the call or reply only through the emails. Question 6-7 7. Is the firm is big that handles hundreds of clients and you are the one in that hundreds or it is a small firm that concentrate you alone? This helps you to get the best of service when you meet 05 If you are satisfied with all the answers to these questions and the firm offers your requested service, then hire the company and start investing and planning.

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