5 Questions You Should Ask Any Advisor

In order to better understand the standard of care an advisor will provide you, ask the following questions:

1. Will you put my best interests above others?

2. Will you act with prudence; that is, with the skill, care, diligence and good judgment of a professional? 

3.  Will you provide conspicuous, full of fair disclosure of all important facts?

4.  Will you avoid conflicts of interest where possible?

5. Will you fully disclose and fairly manage unavoidable conflicts?

An advisor should be able to provide clear and concise answers to all of those questions. In addtion, any AIF® Designee should be able to describe how their relationship with you will operate and list the resources and tools that are incorporated into their business practices.