4. What are the services that you are going to offer me?

Try to find out what all services and products do they provide you with and most importantly what suits you. A financial advisor is not allowed to sell any securities products like mutual funds or stocks or any insurance without having the proper license. They are also barred from giving any investment advices unless they are registered with a federal or state authority.

The services that financial planner or advisor provide depends on various factors like their credentials, registration, areas of expertise and the organization for which they work. Some of the planners do not sell any financial products but give advices on various topics. There are others who may provide advice only in specific areas such as estate planning or taxation.

5. What’s your approach towards financial planning?

Always make sure that your advisor’s investments approach matches with your own financial goals and objectives.

The types of services a financial planner provides depend on their organization. Some planners prefer to develop a financial plan that will suit their client's financial goals. Ensure to work with a planner who considers your overall financial goals, values and attitudes even when they may specialize in a specific area such as taxation, estate planning, insurance or investments. A financial advisor’s recommendations should include your investment objectives and risk tolerance, your cash flow needs, tax situation, risk management and estate goals. Also ask if that individual deals primarily with clients with specific net worth, levels of income or investable assets.

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