Questions to Ask a Financial Advisor
This tool will help you interview a financial advisor so you can understand the advisor's credentials, how he or she is compensated, and what obligation the advisor has to you. Some advisors are required to act in your best interests, while others are simply required to offer suitable investments. This can mean being offered an investment consistent with your interests but that could result in higher compensation for the advisor.
By continuing with this tool, you agree and understand that AARP is not providing financial advice or recommending any individual financial advisor. The selection of a financial advisor is a personal decision that should made after careful consideration of your individual financial situation.
How to Start the Conversation
Here's a sample script on how to start the conversation with a financial advisor, so there's never that awkward moment.
Thanks for taking the time to meet with me today. I'd like to ask some questions about your background, the services and products you offer, and how you are compensated. I have a few opening questions to get our conversation going that I received from AARP. First, what is your overall investment philosophy?
Also, how often do you review a client's portfolio and recommend changes?
Now that you've learned how to start the conversation, here are some questions that you should ask. Please share your results after you have spoken to your advisor. Simply answer each question and click 'submit'.