Table: Due Diligence
Before you do any hiring, ask these questions:
-- What are your credentials, experience, and areas of expertise?
-- How are you compensated?
-- Will you provide a comprehensive financial plan or just portfolio advice?
-- What type of clients do you serve?
-- Can you give me references from other clients?
-- Will you be my fiduciary?
-- Have you ever been publicly disciplined for any unlawful or unethical action?
-- Can I get a written agreement detailing fees, fiduciary oath, and services to be provided?
-- How often will you review my financial plan or portfolio with me?
-- Are you a member of any financial planning or adviser organization?