How to choose a financial advisor: 10 questions

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8. How often will we interact?

What should you expect in terms of frequency of verbal, written and in-person communication? Also ask whether the advisor will remain your primary contact.

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malpitcher says:: I would highly suggest asking friends, family, neighbors, etc for referrals. A referral often can prove a good track record and that is what I am interested in. I want to know that the advisor's accounts have been able to weather the storm of the markets over the years. That is how I found my advisor, Keith Steidle, about five years ago. Of course I asked the relevant questions, but I also asked them of the people who suggested him to begin with.; reply

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ChrisGrande100 says:: Hi Jill,

good points - one issue I'll raise for further research:

the 3 references request may put an RIA in trouble with the rules against testimonials. Different attorneys/advisors have given me mixed answers on that.

Thanks for writing this good summary,

Chris; reply