Questions to ask a Financial Advisor 2023. {Hey, I recently started a Financial Vlog – would like to invite you to follow along if interested: – Kyle}
Hope you enjoy the video and find a nugget or two of information to help you on your financial planning journey.
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Timestamps / Chapters:
0:00 – Intro
1:06 – What Questions Should I Ask?
1:50 – #1 How do you get paid?
4:32 – #2 Are you a Fiduciary?
6:08 – #3 What are my all-in costs?
8:03 – #4 What services do you provide?
9:52 – #5 What are your qualifications?
12:44 – #6 Why are you a Financial Advisor?
13:29 – #7 How will our relationship work?
14:40 – #8 How often will we communicate?
16:15 – #9 Why did your last two clients leave you?
17:36 – #10 – What happens when we stop working together?
ABOUT ME 👇
I’ve been involved in people’s financial decisions for 15+ years (7 yrs Real Estate experience & 8+ yrs as a former Financial Advisor)…I now bring the financial successes, mistakes, failures, and best financial habits/tips to you through these videos.
My mission is to bring Financial Awareness to the forefront of your daily decisions so you can: improve your quality of life, increase your net worth, and grow upon your financial literacy. My videos are a reflection of my real-world experience as a real estate investor, stock market investor, student of finance, entrepreneur, and of course…my experience as a Former Financial Advisor.
This channel allows me to share my passion for personal finance, stock market investing, real estate investing, and entrepreneurship. I produce content that I would want to watch, and because of that, I give 100% effort in every video that I make. I also believe in complete transparency and open communication with my audience.
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DISCLAIMER: I am not a financial adviser or a certified public accountant. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
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Best Questions to Ask a Financial Advisor in 2023
Whether you’re planning for retirement, managing your investments, or looking for advice on financial goals, consulting with a financial advisor can prove instrumental in achieving your objectives. However, choosing the right advisor to guide you through the ever-changing world of finance can be overwhelming. As we step into 2023, here are some essential questions you should ask when selecting a financial advisor.
1. How do you stay updated with the latest financial trends?
An advisor’s ability to stay well-informed about current financial trends is crucial. As financial markets continue to evolve rapidly, you want an advisor who keeps a finger on the pulse of economic forces, changes in regulations, and evolving investment strategies. Inquire about their resources, industry certifications, and continuing education efforts to ensure they are up to date.
2. What is your investment philosophy?
Understanding your advisor’s investment philosophy is vital to determine if their strategies align with your goals and risk tolerance. Do they lean towards active or passive investing? Are they focused on value or growth investments? This question will help you gauge if their approach matches your preferences.
3. What fees do you charge, and how are they structured?
Be transparent about fees and understand the advisor’s fee structure before entering into any agreement. Ask about management fees, trading fees, and any other miscellaneous charges that may apply. Clarify if they earn commissions on specific investments, as this might influence the recommendations they provide.
4. Are you a fiduciary?
A fiduciary has the legal obligation to act in your best interest at all times. Inquire whether your potential financial advisor operates as a fiduciary or follows a suitability standard. Choosing a fiduciary advisor ensures that their advice is free from conflicts of interest, promoting a higher level of trust and transparency.
5. Can you provide references or testimonials from clients?
Client testimonials and references offer valuable insights into an advisor’s work ethic, professionalism, and the satisfaction of their previous clients. Requesting references allows you to gauge the advisor’s track record and the opinions of individuals who have experienced their services firsthand.
6. What is your approach to financial planning?
Financial planning involves reviewing and analyzing your current financial situation to create a roadmap for achieving your future goals. Inquire about the advisor’s approach, tools, and expertise in financial planning. Ask whether they will provide a comprehensive plan or just focus on specific areas like investment management.
7. How do you assess risk tolerance and develop investment strategies?
Understanding how an advisor assesses risk tolerance is vital. Risk tolerance varies for each individual, and it’s important that your advisor considers your comfort level when constructing your investment portfolio. Ask how they determine an appropriate asset allocation strategy and how often they reassess and adjust investments based on market conditions.
8. What happens if you are no longer available to provide advice?
It’s crucial to know in advance what happens if your advisor is temporarily or permanently unable to provide advice. Inquire about backup support or whether they have a succession plan in place to ensure continuity in managing your financial affairs.
Selecting the right financial advisor is a crucial step towards achieving your financial goals and securing your future. By asking these essential questions, you can ensure you identify an advisor who aligns with your investment philosophy, communicates transparently, and can deliver the expertise you need in today’s ever-changing financial landscape.
The 2023 BEST Question to ask a Financial Advisor: https://youtu.be/8fVNq4aQwVI
Hey, I recently started a daily 2023 Financial Vlog – would like to invite you to follow along: https://youtu.be/YnZrh9YwNQo – Kyle
If you have a financial advisor you are getting screwed
I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made. Great video! Thanks for sharing!
Very inspiring! I love this.
The most important question , ask if the Advisor uses ESG guild lines because these financial Advisor are more concerned getting stock that are woke and are investing your money into stocks that are more concerned about Clement Change or social rating or how they voted then making money for you. Retirees are losing money in their pension IRA because the Advisor is investing in stock with your money and the money is going to woke companies and they don't care if you make money. ESG is against everything that is American Capitalism. Read up on ESG, it is true go WOKE go BROKE.
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking the bold steps we need in other to reach our goals.
I extremely like the video, man. Very helpful and informative. Thank you very much. It is presented so well too. Great, positive work.
Mr Ramsey said in one of his videos if you feel like your working with a salesman then run!!!.He said they should teach you and guide also,not just take your money and not tell you where its going and why.
So you state that you are not an advisor anymore .have you done ok for yourself over the past ten years .I know that covid hit alot of people in the wallet and the average investor lost about 23 percent.
Great questions
And whats stoping them from just lieing to your face?
Fiduciary my a$$, they're salespeople that could have been working at Sleepy's last month selling mattresses! Word of the year "Fiduciary"
I don't know why anybody would ever pay for a financial advisor.. unless you're making like 10 million a year or something. It's so easy to manage your own money
Fiduciary
Those are questions a very ignorant investor with $2000 to put to work would ask. Sure I have a series 65 like all advisors so yes, I'm a fiduciary. Is that true? Would you ask a realtor what the "all in costs" are of a house you have never seen? How in God's green earth would we know your "all in costs" until we know how we're going to manage your investments? If you lead with those 3 questions I'm gonna hand you off to an intern or a house account. Sorry but 3 is all I can take.
How do you post something two years ago and call it 2023?
This video was extremely helpful. I'm looking for a financial planner and trying to even know where to start is so difficult. Thanks so much for this knowledge!
My financial advisor stopped the every 6 months calls once I transferred my old 403b over to them. Haven't heard from him in like a year. Hasn't answered my last text from like weeks ago.
thank you
fiduciary is such a fun word lol
This is great. Thanks
I feel the same way as S . Thank you for using understandable terms.
I really appreciate you taking the time making this video to put these wonderful and critical questions together for the viewers I really like them thank you very much.
Another top notch video. Are you an American shs because you are A+
appreciate you!!!!!
Thanks for the video! Question: How long should I remain or part ways with a financial investor if I am losing money, not really understanding the advise, or overall feeling like I am paying out more money to their fees than I am actually making? Thanks in advance!
great video, thanks
Such a helpful video, thank you so much!!
100% FACT’s the BANK can never ever lend nor loan you anything, it own nothing… and it dose not loan nor lend you one CENT or a PENNY ever… you all been LIED to cheated betrayed and made to look like fools by these secret societies of corporate whores… of men and women,..
Here are some HARD FACTS: this is from the Vatican Church laws its thee World Biggest and it is the DADDY over all other Corporations worldwide…
Trust? Its the Secret Trust?
The law ROMAN CANON LAW
3.3 Rights Suspension and Corruption
Article 100 – Cestui Que Vie Trust
Canon 2057
Any Administrator or Executor that refuses to immediately dissolve a Cestui Que (Vie) Trust, or if the man/woman wants to take control upon their Private Person establishing their status and competency, The Fiduciary is guilty of fraud and fundamental breach of their fiduciary duties requiring their immediate removal and punishment
Canon 2045
By 1815 and the bankruptcy of the Crown and Bank of England by the Rothschilds, for the 1st time, the Cestui Que Vie Trusts of the United Kingdom became assets placed in private banks effectively becoming "private trusts" or "Fide Commissary Trusts" administered by commissioners (guardians). From 1835 and the Wills Act, these private trusts have been also considered "Secret Trusts" whose existence does not need to be divulged.
Canon 2046
From 1917/18 with the enactment of the Sedition Act and the Trading with the Enemy Act in the United States and through the United Kingdom, the citizens of the Commonwealth and the United States became effectively "enemies of the state" and "aliens" which in turn converted the "Fide Commissary" private secret trusts to "Foreign Situs" (Private International) Trusts.
Canon 2047
In 1931, the Roman Cult, also known as the Vatican created the Bank for International Settlements for the control of claimed property of associated private central banks around the world. Upon the deliberate bankruptcy of most countries, private central banks were installed as administrators and the global Cestui Que Vie/Foreign Situs Trust system was implemented from 1933 onwards.
Canon 2048
Since 1933, when a child is borne in a State(Estate) under inferior Roman law, three (3) Cestui Que (Vie) Trusts are created upon certain presumptions, specifically designed to deny the child forever any rights of Real Property, any Rights as a Free Person and any Rights to be known as man and woman rather than a creature or animal, by claiming and possessing their Soul or Spirit.
Canon 2049
Since 1933, upon a new child being borne, the Executors or Administrators of the higher Estate willingly and knowingly convey the beneficial entitlements of the child as Beneficiary into the 1st Cestui Que(Vie) Trust in the form of a Registry Number by registering the Name, thereby also creating the Corporate Person and denying the child any rights as an owner of Real Property.
Canon 2050
Since 1933, when a child is borne, the Executors or Administrators of the higher Estate knowingly and willingly claim the baby as chattel to the Estate. The slave baby contract is then created by honouring the ancient tradition of either having the ink impression of the feet of the baby onto the live birth record, or a drop of its blood as well as tricking the parents to signing the baby away through the deceitful legal meanings on the live birth record. This live birth record as a promissory note is converted into a slave bond sold to the private reserve bank of the estate and then conveyed into a 2nd and separate Cestui Que (Vie) Trust per child owned by the bank. Upon the promissory note reaching maturity and the bank being unable to “seize” the slave child, a maritime lien is lawfully issued to “salvage” the lost property and itself monetized as currency issued in series against the Cestui Que (Vie) Trust.
Canon 2051
Each Cestui Que Vie Trust created since 1933 represents one of the 3 Crowns representing the 3 claims of property of the Roman Cult, being Real Property, Personal Property and Ecclesiastical Property and the denial of any rights to men and women, other than those chosen as loyal members of the society and as Executors and Administrators.
Canon 2052
The Three (3) Cestui Que Vie Trusts are the specific denial of rights of Real Property, Personal Property and Ecclesiastical Property for most men and women, corresponds exactly to the three forms of law available to the Galla of the Bar Association Courts. The first form of law is corporate commercial law is effective because of the 1st Cestui Que Vie Trust. The second form of law is maritime and trust law is effective because of the 2nd Cestui Que Vie Trust. The 3rd form of law is Talmudic and Roman Cult law is effective because of the 3rd Cestui Que Vie Trust of Baptism.
Canon 2053
The Birth Certificate issued under Roman Law represents the modern equivalent to the Settlement Certificates of the 17th century and signifies the holder as a pauper and effectively a Roman Slave.
The Birth Certificate has no direct relationship to the private secret trusts controlled by the private banking network, nor can it be used to force the administration of a state or nation to divulge the existence of these secret trusts.
Canon 2054
As the Cestui Que Vie Trusts are created as private secret trusts on multiple presumptions including the ongoing bankruptcy of certain national estates, they remain the claimed private property of the Roman Cult banks and therefore cannot be directly claimed or used.
Canon 2055
While the private secret trusts of the private central banks cannot be directly addressed, they are still formed on certain presumptions of law including claimed ownership of the name, the body, the mind and soul of infants, men and women. Each and every man and woman has the absolute right to rebuke and reject such false presumptions as a member of One Heaven and holder of their own title.
Canon 2056
Given the private secret trusts of the private central banks are created on false presumptions, when a man or woman makes clear their Live Borne Record and claim over their own name, body, mind and soul, any such trust based on such false presumptions ceases to have any property.
Canon 2057
Any Administrator or Executor that refuses to immediately dissolve a Cestui Que (Vie) Trust, upon a Person establishing their status and competency, is guilty of fraud and fundamental breach of their fiduciary duties requiring their immediate removal and punishment.
One can take control of it the Trust Estate or “Dissolve” it completely and move all Asset to your own account and take control of your Copyright Name and NAME Trademark and Tradename NAME. And write your own Promissory note as this is Tender Cash.
You have three choices:
1. Do nothing and stay a UK/U.S. CANADA/Commonwealth citizen/ slave;
2. Cancel the bond and be free; or
3. Claim the bond, control it, collect your 'stolen futures' and make Cash by your Signature and be free or
Carry on bowing on your knees with your face in the dirt, and work as a slave for low wages… your choice… when you have an endless supply of cash in your hands your own private trust where you are the private banker.
All Loans – All Mortgages, All Financial loans, All Overdrafts, All types of loans, Wages Insurances, and many many more things, everything is 100% Fraudulent and everyone has been mislead by many corporate company men and women who have lied cheated and have betrayed and deceived you in every-way — every-day… so many people have lost so much through these Secret Societies of Whores of men and women who PREY on you all… are everything was withheld, Suppressed and Concealed from everyone… till NOW… OPEN YOUR EYE… and see the plain simple truth… From Master; conrad hendricks.
Every baby born has this trust… you was never ever told about it…
Good morning! Can I ask you one question? Why are you no longer an "active full time financial advisor"?
Please tell me what you think about the Edelman Engine vs my local Ameriprise Finacial adviser
Thanks this is Beneficial for someone in my 30’s trying to be financially smart with my money.