Question 1

What does a financial advisor do?

Accepted Answer

Financial advisors help their client by providing financial advice and strategy to build
    wealth and eliminate risk. They assess the client's risk appetite, their unique needs and requirements,
    their short-term and long-term goals and guide them towards adopting the right financial plan,
    retirement plan, estate plan or education plan etc. as necessary.
    Learn more about the roles & benefits of a financial advisor.

Question 2

Is it worth paying for a financial advisor?

Accepted Answer

Financial advisors strategize financial planning and help you make the right decision
    about your investments. They weigh the pros and cons, and are 
    breast with the latest industry updates regarding tax issues and investment vehicles.
    These valuable insights guide you to make investments that meet your financial requirements and goals such as buying a house, education, having a baby or securing your retirement.

Question 3

What is the difference between a financial planner and a financial advisor?

Accepted Answer

A financial advisor is any person who helps their client manage their money by giving valuable investment
    insights to help financial decision making. A financial planner is also a financial advisor but specializes
    in creating comprehensive plans for their clients to match their specific goals

Question 4

When should I hire a financial advisor?

Accepted Answer

A financial advisor can help you manage your finances especially when you don't have the time
    to do it yourself or when there are major changes in your life, such as getting married or having a baby.
    Even if you've managed your investment on your own, the best financial planners can vet your plan and
    assess it from a different perspective, to add surety to your decisions.

Question 5

How do I choose the right financial advisor?

Accepted Answer

While choosing a financial planner to help you with your investment decisions, it's important to do some spadework.
      Meet different consultants and compare and contrast their advice. Pick up clues that demonstrate their experience and integrity.
      It is also important to verify the credentials of an independent financial planner before making a decision.

Question 6

How do I choose a financial planner for retirement?

Accepted Answer

Finding the right person or a financial advisory firm to help with your retirement planning might take some effort,
    but the effort is worth it. Financial advisors might have different specializations, look for one who has had past
    experience in retirement planning. Also, this could translate to a long - term relationship,
    so it's important to find someone whom you like, trust and respect

Question 7

How do I know if my financial advisor is a fiduciary?

Accepted Answer

A fiduciary is any person or firm who acts on behalf of another individual or firm to manage their assets.
    Fiduciary financial advisors provide their client the highest quality of care while maintaining 'good faith',
    meaning they wouldn't act in favor of anyone else's interests, including their own.
    The best way to be certain that a financial advisor is a fiduciary is to simply ask.

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