Questions Should be Asked Before Choosing A Financial Consulting Company

With increase in trade, people want to invest their money at the right place or with a right company who can take care of their money with appropriate ROI (return on investment). Keep eyes to this increasing demand, there are many advisors who give advices to invest your asset at proper place. But before choosing such a consultant you should consider certain factors or ask your fiduciary some questions for your assurance.

• Are you financial services provider under the law? If yes, will you continue to be my fiduciary all the time during the client-advisor relationship? The Answer should be “YES”.
• What extra services you provide than other companies?
• Will financial planning advice be separated out from your investment advisory services?
• Whether your company takes any third party compensation while choosing your investment advising services?
• Will you provide me any proprietary products? And the answer should be “NO”.
• What will be the total costs and expenses as per my requirement and portfolio? Whether it should be annual basis or monthly?
• I know it sounds crazy but you should ask your advisor before hire that “What is your qualification”.
• Have you ever been cited by a professional public authority agency for corrective reasons?
• Will you sign as a Financial Consulting Company?
• How long have you in this business?
• Who will work for me from your company?
• Which accounts will be used in my investments so that they will remain safe?
• How many clients do you possess?

With the increased availability of financial services providers, investors get confused. Many consumers falsely believe that their advisor is performing well and never cheat them even a pinch also. But sad it is always not working. So before hire an advisor you should ask all the above questions which will help you in your financial investment. Good Luck!!