How Do You Find a Financial Advisor? (Part 2)

Find out the best places to find financial advisors, tips to research their backgrounds, and how to prepare to meet with them for the first time.   

Laura Adams, MBA,
July 19, 2013
Episode #320

Page 3 of 3

How to Prepare to Meet With a Financial Advisor

Let’s say you’ve done all your due diligence and you’re ready to meet with an advisor for the first time. Yes, you’ll need to get organized. Ask what documents you should send the advisor or have on hand during your meeting. Some advisors may ask for tax returns, investment statements, or pay stubs, for instance.

You should be prepared to answer questions about your ongoing expenses, current investments, and financial goals. If you don’t know all the answers, that’s okay because it’s just part of the planning process. Take notes during the meeting and never be afraid to ask questions, no matter how silly you think they might be.


Should You Hire a Financial Advisor?

Don’t get me wrong, you should never ignore your finances and turn everything over to an advisor. No matter who advises you, stay involved and be sure that you know the basics.When it comes to managing your money you can do it yourself. In fact, I wrote an award-winning guide to personal finance called Money Girl's Smart Moves to Grow Rich that shows you how to get the job done. However, many aspects of finance are complex and may require too much of your time to completely master.

Using a financial advisor to enhance your own money management skills can save you time, help you make more money, and keep you disciplined about following a sound financial strategy. 

Betterment LLC is an SEC Registered Investment Advisor. Brokerage services are offered by Betterment Securities, an SEC registered broker-dealer and member FINRA/SIPC. Investments are not FDIC Insured. No Bank Guarantee. May Lose Value. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Before investing, consider your investment objectives and Betterment's charges and expenses. Not an offer, solicitation of an offer, or advice to buy or sell securities in jurisdictions where Betterment and Betterment Securities are not registered.


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