Picking a Financial Advisor Can Be Tough! These Are The Questions You Should Be Asking

Pennygem

It’s easy to choose a financial adviser when you know what to look out for. There are multiple things to consider, services, fees, costs and much more, and with these simple tips, you’ll soon know! PennyGem’s Chloe Hurst has the story!

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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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