August 11, 2014

Questons to ask a financial adviser



 - How long have you worked in financial services and in what capacity?
-  What is your academic training–undergrad and grad school?
-  Have you earned either your CFA and/or CPA designations? or CFP (Certified Financial Planner)
-  What kind of continuing education are you engaging in to stay abreast of developments in your field?
-  Do you work under a suitability or fiduciary standard?
-  Do you utilize an active or passive/evidenced-based approach & why?
-  What fees are your clients charged–all in, from your fee down to embedded fees such as markups on fixed income purchases to management fees on recommended funds?
-  Who manages your money & what debt do you carry personally?
Manisha Thakor (@ManishaThakor) is founder and chief executive of Santa Fe, N.M.–based MoneyZen Wealth Management LLC.

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