Questions to Ask A Financial Planner or Advisor


Quality Independent, Unbiased, Financial Advice and Wealth Management

-Family Owned Since 1985

 
 
 
 


Check List for Interviewing A Financial Planner or Advisor


Planner Name:

_______________________________________

Company:

_______________________________________

Address:

_______________________________________

Phone:

_______________________________________

Date:

_______________________________________

 

1. Do you have experience in providing advice on the topics below?
If yes, please indicate the number of years.

  • Retirement planning ________
  • Investment planning ________
  • Tax planning ________
  • Estate planning ________
  • Insurance planning ________
  • Integrated Planning ________
  • Other________________________________________

 

2. What are your areas of expertise and how do your qualifications in those areas compare to others?

__________________________________________________

__________________________________________________

 

3. A. How long have you been offering financial planning advice to clients?

  • Less than five years_____
  • Five to 10 years_____
  • 10 to 20 years_____
  • More than 20 years_____

 

B. How many core clients, those whom with you have a regular quarterly contact, do you currently have?

  • Less than 10 clients_____
  • 11 to 39_____
  • 40 to 79_____
  • 80 + _____

 

4. Briefly describe your work history:

_______________________________________________
_______________________________________________
_______________________________________________
_______________________________________________

5. What are your educational qualifications? Give area of study.

Undergraduate Degree _________________________
Advanced Degree _____________________________
Other ______________________________________

 

6. What financial planning or investment management designation(s) do you hold?

  • Certified Financial Planner or CFP
  • Chartered Financial Analyst (CFA)
  • Certified Public Accountant - Personal Financial Specialists (CPA-PFS)
  • Chartered Financial Consultant (ChFC)

 

7. What financial planning related continuing education requirements do you fulfill?

______hours every______

8. What licenses do you hold?

  • Insurance (Life, Health, Disability, Long Term Care)
  • Securities (NASD Series 7, 24, 63)
  • Other ______________________________________________________

9. A. Are you personally licensed or registered as an Investment Adviser with the:?

State(s)?

_________________________________

Federal Government?

_____

If no, why not?

_________________________________

 

B. Is your firm licensed or registered as an Investment Adviser with the:

State(s)?

_________________________________

Federal Government?

_____

If no, why not?

_________________________________

 

C. Will you provide me with your disclosure document Form ADV or its state equivalent form?

  • Yes_____
  • No_____
  • If No, why not _________________________________________

 

10. What services do you offer?

_____________________________________________________
_____________________________________________________
_________________________________________________
_________________________________________________

11. Describe your approach to financial planning.

_________________________________________________
_________________________________________________
_________________________________________________
_________________________________________________

12. A. Who will work with me on my plan?

Planner __________________________________
Associate(s)_______________________________

 

B. Will the same individual(s) review my financial situation?

  • Yes_____
  • No_____
  • If no, who will? _________________________________________

 

13. How are you paid for your services?

  • Fee_____
  • Commission_____
  • Fee and commission_____
  • Salary_____
  • Other________________________________

 

14. What do you typically charge?

A. Fee:
Hourly Rate $_____@ hour
Flat fee (range) $_____ to $________
Percentage of assets under management _______ percent

 

15. A. Are you employed by any company whose products or services you recommend?

  • Yes_____
  • No_____
  • Explain
  • _________________________________________

    B. Can you implement the plan by making transactions for us or do we have to find a properly licensed person?
  • Yes_____
  • No_____
  • Explain _________________________________________

    C. Do professionals and sales agents to whom you may refer me to send business, fees or any other benefits to you?
     
  • Yes_____
  • No_____
  • Explain _________________________________________

    D. Are you regulated by the National Association of Securities Dealers (NASD)?
  • Yes_____
  • No_____

    E. Do you have oversight specifically for your insurance recommendations (i.e. licensed with the State Insurance Commissioner)
  • Yes_____
  • No_____
  • Explain _________________________________________

 

16. Do you provide a written client engagement agreement?

  • Yes_____
  • No_____
  • Explain _________________________________________

 

Want to learn more about us?  Our highly-awarded services included comprehensive financial planning, risk management, and personal wealth management.

 



To Find a Financial Planner in Your Area

MWBoone and Associates, LLC
777 - 108th Ave NE Suite 2230
Bellevue, WA 98004

To Check the Disciplinary History of A Financial Planner or Adviser

National Association of Securities Dealers
800-289-9999 or http://www.finra.org/index.htm

Certified Financial Planner Board of Standards
888-CFP-MARK

North American Securities Administrators Association
888-84-NASAA

National Association of Insurance Commissioners
816-842-3600

National Fraud Exchange (fee involved)
800-822-0416

Securities and Exchange Commission
800-732-0330

 

Certified Financial Planner Board of Standards
888-CFP-MARK (888.237.6275)
Fax: 303-860-7388
Web: http://www.cfp.net

 

Association for Investment Management and Research
www.aimr.org

Institute of Certified Financial Planners
800-282-PLAN

International Association for Financial Planning
888-806-PLAN

American Institute of Certified Public Accountants-Personal Financial Planning Division
800-862-4272

American Society of CLU & ChFC
800-392-6900

 

Some of the information on this page is provided as a public service by the Certified Financial Planner Board of Standards. A nonprofit, professional regulatory organization, the CFP Board exists to benefit and protect consumers by setting ethical and competency standards for financial planning professionals.

1998 Certified Financial Planner Board of Standards, Inc. All rights reserved. Certified Financial Planner and CFP are federally registered service marks of the Certified Financial Planner Board of Standards, Inc.



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