When it comes to your money, how well your investments do is often out of your direct control. But who you choose to manage your money and form a partnership with is. If you are considering working with an advisor or making a change, you’ll want to interview candidates carefully and ask the following ten questions.
If the idea of interviewing advisors makes you nervous, keep in mind that good advisors should embrace this process. Remember that you are building a professional relationship with someone (see last week’s blog, Characteristics of a Financial Steward). Approaching the process like you’re hiring someone can ease apprehension. As Brad Klontz, associate professor at Creighton University says: “You may lack confidence around the details of your financial life, but you certainly are quite able to interview three different people for a job.”
Rob Kania is Principal and Co-Founder at Laurentide Advisory.