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:
- Will you put my best interests above others?
- Will you act with prudence; that is, with the skill, care, diligence and good judgment of a professional?
- Will you provide conspicuous, full of fair disclosure of all important facts?
- Will you avoid conflicts of interest where possible?
- 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.
