00:00it's easy to choose a financial advisor when you know what to look out for there are multiple
00:08things to consider services fees costs and much more and with these simple tips you'll soon know
00:15wealth ramp suggests you get clear on what your financial advisor will deliver a broker or
00:21insurance agent sells products whereas independent financial advisors work directly for you common
00:27desired outcomes include financial planning investment management diversifying portfolios
00:33allocating assets optimizing spending and withdrawal strategies and estate planning be
00:39upfront and ask questions about what fees costs and monies are involved do they earn commissions off
00:46of any assets they recommend or manage on your behalf it's not easy to tell whether an ongoing
00:52relationship with a financial advisor is going to be worth the cost but a study conducted by
00:56vanguard in 2022 found a potential three percent improvement can't be expected annually and the
01:04extent of the value will be relative to the client's unique circumstances and the way assets are managed
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