Dave Thorne, CFP®’s Post

Are you looking to hire a financial advisor, but are unsure where to begin? We understand that hiring an advisor can be a challenging process. Here, we have provided some resources to make that decision easier.

Are you looking to hire a financial advisor, but are unsure where to begin? We understand that hiring an advisor can be a challenging process. Here, we have provided some resources to make that decision easier.

Are you looking to hire a financial advisor, but are unsure where to begin? We understand that hiring an advisor can be a challenging process. Here, we have provided some resources to make that decision easier.

Are you looking to hire a financial advisor, but are unsure where to begin? We understand that hiring an advisor can be a challenging process. Here, we have provided some resources to make that decision easier.

Are you looking to hire a financial advisor, but are unsure where to begin? We understand that hiring an advisor can be a challenging process. Here, we have provided some resources to make that decision easier.

Are you looking to hire a financial advisor, but are unsure where to begin? We understand that hiring an advisor can be a challenging process. Here, we have provided some resources to make that decision easier.

Are you looking to hire a financial advisor, but are unsure where to begin? We understand that hiring an advisor can be a challenging process. Here, we have provided some resources to make that decision easier.

The Top 3 Questions to Ask a Financial Advisor Before Hiring Them... 1. What are your qualifications and credentials? 2. How do you get compensated? 3. What is your investment philosophy and approach? https://lnkd.in/gKfEstcx

You know one of my absolute pet hates? When you look up a company and the description on their website doesn't explain what the firm actually does and/or what they do can't be described in one or two words. All I need to know is are you an advice/wealth management/investment management/technology/consultancy firm etc. I understand companies need a value proposition but that should come second, how do I describe a firm that says it does "data-driven, insight-led solutions" ?

How a financial advisor is paid is telling of what your relationship with them will be like. 💲 Commission-based advisors usually receive compensation related to the sale of an investment or insurance product - one time or ongoing - and are usually paid by the investment company that creates the product. On the surface, this may seem like a sweet deal as a client (they will often pitch it as "you don't pay me anything") but it can create conflicts of interest. 💲 Fees are paid by the client to the advisor for a stated service, like investment management, financial planning, etc. Fees are more transparent and tend to better align the interests of the advisor and the client compared to commissions (in my opinion). 📺 Check out the full YouTube video in the comments for all 9 questions I suggest asking a financial advisor before hiring them.