It’s imperative to work with a professional to keep you apprised of the investment industry in terms of financial planning. Markets are always in turmoil, after all, and you need a guide to help you determine your risk preference.
This is why we, at AOG Wealth Management, list four questions you should always ask your financial advisor.
1. Are You a Fiduciary?
A fiduciary is any person or organization that will place the client’s interests ahead of their own. This is an important first question to make sure that your prospect has the necessary safeguards that will protect your assets and investments from fraud. Always make it a point to ask if they are compliant with all the necessary legal and regulatory statutes.
2. What Licenses and Certifications Do You Have?
You should only work with an experienced financial advisor. To that end, ask what licenses, certifications, and credentials they carry. At AOG Wealth Management, our team is composed of Certified Financial Planners® with years of experience managing client finances. We offer a personalized service that always puts your interest first.
3. Do You Specialize in Certain Clients?
This is an optional question, but it’s important to ask if you want to narrow down your choice. Some financial advisors specialize in newly married clients while others specialize in individuals seeking assistance with their retirement funds.
4. Can I Ask For a Sample of Your Financial Plan?
While there’s no set structure for a financial plan, it’s still a good idea to see an example from your prospective client. Your financial advisor should be able to adapt to your needs and knowledge, so if you’re not comfortable with a financial plan with complicated graphs, ask for a snapshot instead of how they’ll manage your finances.
AOG Wealth Management offers professional wealth management services. Give us a call at (866) 993-0203 for more information on our services. We offer comprehensive and professional financial planning services to clients in Washington, DC.