25 Questions For Financial Advisor

CHOOSING A FINANCIAL ADVISOR

The Top 25 Questions to Ask in

All rights reserved © 2009 GV Financial Advisors, Inc.

We like to think of ourselves as “choice architects” and the choice of advisor is one of many choices we hope to help you evaluate.

Here are 25 questions you could ask that could help you select the right financial advisor.

GV Financial Advisors, Inc.

With my level of wealth, can you think of any reasons why I should expose myself to the risks of the stock market?

GV Financial Advisors, Inc.

How does your process help me implement the most basic investment wisdom of buying low and selling high?

GV Financial Advisors, Inc.

With a portfolio of my size, I am concerned about my income tax liability. Can you share with me how you might reduce that liability ?

GV Financial Advisors, Inc.

Please describe the process by which you create opportunities for me by communicating with my CPA, attorney or other advisors?

GV Financial Advisors, Inc.

I have heard that there are ways to “gain by giving it away” and there may be ways to “give away my taxes”?  What experience do you have especially with people in my circumstances ?

GV Financial Advisors, Inc.

Can you share some of your best ideas and financial tools that you offer to your clients ?

GV Financial Advisors, Inc.

Will you be the only one who will work with me or is there a team?

GV Financial Advisors, Inc.

Please give me a profile of your “front stage” and “back stage” people whom would impact my relationship with your firm beyond yourself.

GV Financial Advisors, Inc.

Great communicators generally instill the most confidence in their clients. Can you share some of the ways that you communicate ?

GV Financial Advisors, Inc.

What types of customized communications will I receive from you and how often?

GV Financial Advisors, Inc.

Can you share how you create, implement and tweak an estate plan that fits my family’s priorities? What experience do you have in helping reduce or eliminate the estate tax?

GV Financial Advisors, Inc.

An effective advisor assumes a leadership role in his client’s life beyond investments. Can you share with me the role you play in your clients’ lives ?

GV Financial Advisors, Inc.

Everyone is naturally endowed with certain strengths. What is your unique genius?

GV Financial Advisors, Inc.

Can you help me evaluate private investment opportunities outside of the publicly traded securities?

GV Financial Advisors, Inc.

Does your firm sell proprietary products? How do you handle a situation where a better investment opportunity might be available outside your firm?

GV Financial Advisors, Inc.

Can you share with me your experience and evidence of expertise in your industry? Perhaps examples of book’s or articles written, recognition from major media, other achievements.

GV Financial Advisors, Inc.

Can you help me understand how your firm is structured and how you are my advocate ?

GV Financial Advisors, Inc.

Describe your firms relationship and responsibilities towards your clients. Is it fiduciary or suitability or both and under what circumstances?

GV Financial Advisors, Inc.

Have you ever been disciplined by any government regulator for unethical or improper conduct or been sued by a client who was not happy with the work you did?

GV Financial Advisors, Inc.

How does your fee compare to that of your competitors? If you are at the lower end of the fee scale among your competitors, why? Same question if you are the higher end?

GV Financial Advisors, Inc.

How long have you been at your firm? How is the firm that you are with your best opportunity?

GV Financial Advisors, Inc.

If you move to another firm 24 months from now, would you say your investment recommendations would be the same? In other words, would your thinking change just because your new firm might have different ideas, incentives or business relationships?

GV Financial Advisors, Inc.

Is it important to your firm that you help your clients use all of their resources and opportunities and not just manage their money? 

GV Financial Advisors, Inc.

What questions would you ask a prospective advisor that I have left out?

GV Financial Advisors, Inc.

GVFA 2009 0094DOFU 8/2009