Ep 49: Are You Working With The Right Financial Advisor?

Today’s Prep:

Are you looking for an advisor and wonder what to ask? Or are you already working with a financial advisor but aren’t sure if it’s the right fit? Just what should a financial advisor be helping you with most?

(Click the featured times below to jump forward in the episode)

Equipping Points:

The financial decisions you make are an important part of achieving your goals and preparing for retirement. How do you know if your financial advisor is the right fit to help you succeed?

If you are working with an advisor, it’s important to know what to expect out of them. You’ll want someone who works with you to create a written retirement plan, a tax minimalization plan in retirement, and an estate plan.

What should you watch out for with an advisor? Sometimes you may have the wrong advisor, but how can you tell? Are there different kinds of advisors for different kinds of needs?

There are instances when it is time to make a switch or in other cases you might already be with the right advisor for you. Before making a leap, try to re-engage with your advisor to revise your plan and see if that better meets your needs.

If you are considering switching to a new advisor, ask the right questions to make sure they are a good fit for you. Are they a fiduciary? What are the fees? What strategies will they implement, especially in a downturn?

Finding the right advisor is crucial in creating a retirement plan that works for you. Listen to the full episode to hear from David about how to select an advisor or click on the timestamps below to find out the answers to these questions.

[0:47] – What kind of service should you get with a financial advisor?

[1:28] – Are there any warning signs to look for a new advisor?

[2:12] – Is it possible to outgrow your advisor?

[3:25] – What can go bad if you stay with the wrong advisor?

[4:20] – How do you know if a potential advisor is a good fit for you?

Today’s Takeaway:

Additional Resources:

PODCAST: The 7-Step Retirement Plan You Can Build Yourself, Part 2

PODCAST: The 7-Step Retirement Plan You Can Build Yourself -Part 1

 

dave-dickens

More From David:

The host: David Dickens

Sign up for our weekly email newsletter:

We are an independent financial services firm helping individuals create retirement strategies using a variety of investment and insurance products to custom suit their needs and objectives.

Investment advisory services are offered through Brookstone Capital Management LLC, an SEC Registered Investment Advisor. Kansas City Financial Advisors and Brookstone Capital Management LLC are separate companies.

Investing involves risk, including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. None of the information contained on this website shall constitute an offer to sell or solicit any offer to buy a security or any insurance product.

Any references to protection benefits or steady and reliable income streams on this website refer only to fixed insurance products. They do not refer, in any way, to securities or investment advisory products. Annuity guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Annuities are insurance products that may be subject to fees, surrender charges and holding periods which vary by insurance company. Annuities are not FDIC insured.

The information and opinions contained in any of the material requested from this website are provided by third parties and have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed. They are given for informational purposes only and are not a solicitation to buy or sell any of the products mentioned. The information is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual’s situation.

Privacy Policy | Terms of Use

Call Now Button