{"id":27,"date":"2025-02-03T20:58:25","date_gmt":"2025-02-03T20:58:25","guid":{"rendered":"https:\/\/carolinawa.com\/education-center\/?p=27"},"modified":"2025-02-19T20:54:43","modified_gmt":"2025-02-19T20:54:43","slug":"questions-to-ask-before-choosing-a-financial-planner","status":"publish","type":"post","link":"https:\/\/carolinawa.com\/education-center\/questions-to-ask-before-choosing-a-financial-planner\/","title":{"rendered":"Questions to Ask Before Choosing a Financial Planner"},"content":{"rendered":"\r\n\r\nIf you are looking for a Financial Planner, please select the button below to view Questions to Ask Before Choosing a Financial Planner.\r\n<div class=\"entry-content-block\">\r\n<div class=\"entry-content-sub-block\">\r\n<ul>\r\n \t<li><strong>1. What is your educational background?<\/strong>\r\n<ul>\r\n \t<li>College degree\r\n<ol>\r\n \t<li>Area of study<\/li>\r\n<\/ol>\r\n<\/li>\r\n \t<li>Graduate degree\r\n<ol>\r\n \t<li>Area of study<\/li>\r\n<\/ol>\r\n<\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li><strong>2. Do you have any professional certifications?<\/strong>\r\n<ul>\r\n \t<li>Yes \/ No<\/li>\r\n \t<li>If yes, please list<\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li><strong>3. Do you hold any securities registrations?<\/strong>\r\n<ul>\r\n \t<li>Yes \/ No<\/li>\r\n \t<li>If not, please explain<\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li><strong>4. Do you have your insurance license?<\/strong>\r\n<ul>\r\n \t<li>Yes \/ No<\/li>\r\n \t<li>If not, please explain<\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li><strong>5. Are you a Financial Advisor or an Insurance Agent?<\/strong><\/li>\r\n \t<li><strong>6. If you are a Financial Advisor, how long have you been a Financial Advisor?<\/strong>\r\n<ul>\r\n \t<li>Less than 2 years<\/li>\r\n \t<li>2 \u2013 5 years<\/li>\r\n \t<li>5 \u2013 10 years<\/li>\r\n \t<li>More than 10 years<\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li><strong>7. Have you ever been cited or disciplined by a professional or regulatory body?<\/strong>\r\n<ul>\r\n \t<li>Yes \/ No<\/li>\r\n \t<li>If yes, please explain<\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li><strong>8. When providing financial planning advice, are you required to act as a fiduciary?<\/strong>\r\n<ul>\r\n \t<li>Yes \/ No<\/li>\r\n \t<li>If not, please explain<\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li><strong>9. Do you have a succession plan?<\/strong>\r\n<ul>\r\n \t<li>Yes \/ No<\/li>\r\n \t<li>If not, please explain<\/li>\r\n<\/ul>\r\n<\/li>\r\n<\/ul>\r\n<\/div>\r\n<div class=\"entry-content-sub-block\">\r\n<ul>\r\n \t<li><strong>10. How are you compensated?<\/strong>\r\n<ul>\r\n \t<li>Fee-only?\r\n<ol>\r\n \t<li>How is your fee calculated?<\/li>\r\n \t<li>Will I be charged other fees for the investments or products?<\/li>\r\n<\/ol>\r\n<\/li>\r\n \t<li>Commission only?\r\n<ol>\r\n \t<li>What is the commission rate?<\/li>\r\n \t<li>Who pays the commission?<\/li>\r\n \t<li>Is the commission payment based on my investment?<\/li>\r\n<\/ol>\r\n<\/li>\r\n \t<li>Combination of fees and commissions?\r\n<ol>\r\n \t<li>If so, what percentage of your revenue is derived from each?<\/li>\r\n<\/ol>\r\n<\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li><strong>11. Do you provide comprehensive planning services?<\/strong>\r\n<ul>\r\n \t<li>Yes \/ No<\/li>\r\n \t<li>If yes, are these services outsourced to other professionals?<\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li><strong>12. Do you give or receive referral fees?<\/strong>\r\n<ul>\r\n \t<li>Yes \/ No<\/li>\r\n \t<li>If yes, please explain<\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li><strong>13. Do you provide a written analysis of my situation and your recommendations?<\/strong>\r\n<ul>\r\n \t<li>Yes \/ No<\/li>\r\n \t<li>If yes, will your recommendations include specific investments and\/or products?<\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li><strong>14. Who actually manages my money?<\/strong><\/li>\r\n \t<li><strong>15. How often would we meet to discuss my financial plan?<\/strong><\/li>\r\n \t<li><strong>16. How many clients do you have?<\/strong><\/li>\r\n \t<li><strong>17. How much time do you spend marketing versus managing money?<\/strong><\/li>\r\n \t<li><strong>18. Do you work for a publicly traded company?<\/strong>\r\n<ul>\r\n \t<li>Yes \/ No<\/li>\r\n \t<li>Do you think this creates a conflict of interest for you?\r\n<ol>\r\n \t<li>Yes \/ No<\/li>\r\n \t<li>If not, please explain<\/li>\r\n<\/ol>\r\n<\/li>\r\n \t<li>If yes, can you put my interests ahead of the company and its shareholders?\r\n<ol>\r\n \t<li>Yes \/ No<\/li>\r\n \t<li>Please explain<\/li>\r\n<\/ol>\r\n<\/li>\r\n<\/ul>\r\n<\/li>\r\n<\/ul>\r\n<\/div>\r\n<\/div><!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>If you are looking for a Financial Planner, please select the button below to view Questions to Ask Before Choosing a Financial Planner. 1. What is your educational background? College degree Area of study Graduate degree Area of study 2. Do you have any professional certifications? Yes \/ No If yes, please list 3. Do [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"wds_primary_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-27","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/carolinawa.com\/education-center\/wp-json\/wp\/v2\/posts\/27","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/carolinawa.com\/education-center\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carolinawa.com\/education-center\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carolinawa.com\/education-center\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carolinawa.com\/education-center\/wp-json\/wp\/v2\/comments?post=27"}],"version-history":[{"count":47,"href":"https:\/\/carolinawa.com\/education-center\/wp-json\/wp\/v2\/posts\/27\/revisions"}],"predecessor-version":[{"id":357,"href":"https:\/\/carolinawa.com\/education-center\/wp-json\/wp\/v2\/posts\/27\/revisions\/357"}],"wp:attachment":[{"href":"https:\/\/carolinawa.com\/education-center\/wp-json\/wp\/v2\/media?parent=27"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carolinawa.com\/education-center\/wp-json\/wp\/v2\/categories?post=27"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carolinawa.com\/education-center\/wp-json\/wp\/v2\/tags?post=27"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}