When it comes to making decisions about your financial future, the choice SHOULD always be life-altering – in a good way. When you hire a financial planner, you want them to work WITH and FOR you. You need to do your due diligence to find out who you are hiring – most important of all – you must feel comfortable with them.
Here is a list of the questions you SHOULD (and NEED) to be asking. The end goal of asking these questions is to help you choose the best financial planner for your needs.
Question 1: What popular products do you recommend me?
Honest financial planners will answer truthfully, “There is no one product that fits all. It depends on what you need and hat kind of goals you have set in life.”
Question 2: How often do you keep in touch with your clients?
Conscientious financial planners have a system in place to keep in touch with their clients regularly.
Question 3: What are customers to you?
Dedicated financial planners are in for the long run. They will tell you that they believe in building relationships based on mutual trust and understanding, and that they seek to make their connections last a lifetime. In essence, you should get the feeling that it is all about you.
Question 4: What are some of the questions you ask your client on the first meeting?
Empowering financial planners are interested in finding out more about you. They will ask you about your goals and aspirations so that they can work out a plan for you to get there.
Question 5: How/where do you find your clients?
Dedicated financial planners believe in cultivating relationships with their clients through creating a holistic plan for them. In turn, satisfied and happy clients will naturally introduce and recommend them to other people in their social networks. Other methods include holding educational talks or open seminars to impart prospective customers with knowledge and information.
Question 6: How big is your current portfolio of clients?
Competent financial planners have at most 200 clients and will make a concerted effort to check in or touch base with their clients through the year.
Question 7: How do you keep yourself updated?
Knowledgeable financial planners will stay abreast of current affairs and proactively source for information on the latest financial trends and world news.
A lot of financial planners out there talk about “creating value” or “adding value” to their clients; when in fact, few define what value means. A Summit Planner defines value by providing a long-lasting and trust-filled relationship with each and every customer. When you work with a Summit Planner, you gain a clear sense of direction as we help you increase your ability to move in that direction.
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