10 questions to ask your Financial Adviser
With RDR just around the corner, all firms of financial advisers and banks are changing their business models so it is essential for you to take on board how the changes that are taking place now will affect the ongoing advice and service offered in the future.
You should use this checklist when deciding whether the new firm is appropriate to your needs:-
- What experience do they have in those areas you want advice?
- What are their qualifications?
- What Services do they offer?
- What is their approach to Financial Planning?
- What support staff do they have?
- How will I pay for their services?
- How much do they charge?
- Could anyone besides me benefit from their recommendations?
- Have they ever been publicly disciplined for unlawful or unethical actions in their professional career?
- Can I have it in writing?