7.4.3 Questions to ask when choosing your advisor

You should know what an advisor does and what he or she charges for services before you start to work with him or her. To help you decide if the advisor is qualified to give you the help you need, ask questions like the ones below. Take notes and compare the responses of different people you talk to.

1. What is your education and professional experience?

2. How long has your firm been in business?

3. How long have you been with the firm?

4. Are you and your firm registered with a securities regulator?

5. What products and services do you offer?

6. How will you help me reach my goals?

7. How are you paid for your services (salary, commission or flat fee)?

8. Can you give me references from clients who are like me?