How Do I Choose A Good Financial Advisor? [10 Questions to Ask]

As you prepare to begin investing in the stock market, you may have plenty of questions. One thing you might wonder about is how to choose a financial professional.

You can ask family, friends, or co-workers for names of financial advisors they like and trust. Then, you’ll need to narrow down your choices and decide which advisor you’d like to work with.

Interviewing potential financial advisors is definitely worth your time and effort. If you aren’t sure what to ask, here are ten important questions to get you started.

Ask These 10 Questions to Help Choose a Financial Advisor

1. What is Your Investment Philosophy?

This is an open-ended question as investment philosophy can mean a variety of things.

Advisors can either take a passive or an active approach.

An advisor who believes in a passive approach designs your portfolio based on your long-term goals. Then, they will not change the portfolio much unless fundamental assumptions change.

For example, they might reduce emerging markets stocks if they think emerging markets will not perform well for the next twenty years. But they will not reduce…